Welcome to our dedicated page for Muscle Maker news (Ticker: gril), a resource for investors and traders seeking the latest updates and insights on Muscle Maker stock.
Muscle Maker, Inc. (Nasdaq: GRIL) operates at the intersection of global food supply logistics and health-conscious dining through its Sadot LLC commodity trading division and MMI Restaurant Group. This centralized news hub provides stakeholders with essential updates spanning financial performance, strategic partnerships, and operational expansions across both business units.
Investors and industry observers will find authoritative coverage of earnings developments, supply chain initiatives, and sustainability progress. Regular updates include Sadot's international commodity trading milestones, MMI's franchise growth in the 'healthier-for-you' segment, and corporate governance changes impacting long-term strategy.
The curated news feed features critical updates on North American market expansions, commodity portfolio diversification, and financial optimizations like recent expense restructuring agreements. Content maintains focus on verifiable operational achievements while excluding speculative analysis.
Bookmark this page for streamlined access to Muscle Maker's evolving position in global food markets. Check back regularly updated coverage of commodity trading volumes, restaurant network growth, and sustainability leadership under the guidance of specialized board members.
Muscle Maker, Inc. (GRIL) announced a new strategy to combine its Muscle Maker Grill and Pokemoto brands under one roof, aiming to cut overhead costs and improve operational efficiency. The first combo restaurant will open in Chelsea, New York City, offering a dual menu featuring both brands. This decision aligns with a recent approval for Pokemoto franchises in New York, with two locations already in development. CEO Michael Roper highlighted the success of a previous conversion that saw revenue growth of over 300%. The combo unit is expected to enhance customer offerings and attract potential franchisees.
Pokemoto, a Hawaiian poke bowl concept by Muscle Maker, Inc. (GRIL), recently expanded its footprint with two new locations in Connecticut, increasing its total to 29 open locations and 45 sold franchise units across 16 states. The new stores in Berlin and Guilford enhance brand recognition in the Connecticut market, where Pokemoto remains the largest poke chain. The franchise model is robust, generating up to $25,000 per unit for franchise fees and 6% of net sales in royalties. The brand's growth is supported by strong demand and strategic marketing efforts.
Muscle Maker, Inc. (Nasdaq: GRIL) has announced significant expansion plans for its Hawaiian poke bowl concept, Pokemoto, with the registration to sell franchises in New York. This move now enables franchise sales in 48 continental states. Recently, Pokemoto opened its first locations in New York and Texas, increasing its presence to 16 states with a total of 56 franchise agreements sold. The second New York location is set to open soon in Tarrytown, enhancing visibility and franchise interest. The franchise model charges an initial fee of up to $25,000 and collects 6% of monthly net sales, indicating strong growth potential.
Pokemoto, a Hawaiian poke bowl concept by Muscle Maker, Inc. (GRIL), has opened a new location in White Plains, NY, marking its expansion into a total of 16 states. This follows the recent opening in Highland Village, TX. The White Plains outlet is strategically located in a busy area, catering to Millennials and Gen-Zs with options for dine-in and takeout.
CEO Michael Roper highlighted the momentum in franchising, noting the signing of 55 franchise agreements. The new openings aim to enhance brand recognition and attract franchisees, offering a unique business opportunity in the fast-casual dining sector.
Muscle Maker, Inc. (NASDAQ: GRIL) is expanding its Hawaiian poke bowl restaurant concept with the opening of its first Pokemoto location in Highland Village, Texas, on January 13, 2023. This grand opening marks Pokemoto's sixteenth state. A VIP day on January 12 will offer discounts to local service personnel. The franchise costs up to $25,000, with ongoing royalties of up to 6% of net sales. CEO Michael Roper expressed excitement for the Texas market and emphasized the company's commitment to franchisee support and growth.
Muscle Maker (Nasdaq: GRIL) has reported a remarkable revenue increase of 1,836% year-to-date, reaching $159.25 million as of January 2023.
Their new subsidiary, Sadot LLC, contributed $150.58 million in its first two months, primarily through international food commodity shipping. Michael Roper, CEO, highlighted the diversification strategy that includes expanding the restaurant and franchising segments. Notably, 55 Pokemoto franchise agreements have been sold, with eight locations already opened.
Muscle Maker, Inc. (GRIL) reported a remarkable 1,369% increase in year-to-date revenue, reaching $118.7 million as of December 29, 2022. This surge is attributed to its new subsidiary, Sadot LLC, which generated over $110 million in its first 45 days of operation.
Sadot specializes in the international shipping of food commodities, with significant shipments made to multiple countries. The company's strategic focus on diversified revenue sources aims to enhance growth and performance within its franchise operations.
Muscle Maker, Inc. (GRIL) has successfully signed 55 franchise agreements, expanding its Hawaiian poke bowl restaurant concept, Pokemoto, across 16 states. The latest agreement targets Northern California, enhancing brand presence in key markets. CEO Michael Roper highlighted the company’s growth potential and the integration of their new subsidiary, Sadot LLC, which generated $54.19 million in revenue in its first month of operation. The franchise model promises significant earnings, charging up to $25,000 per unit and 6% royalties on net sales.
Pokemoto, a Hawaiian poke chain owned by Muscle Maker, has launched a limited-time menu featuring popular SPAM products. The new offerings include the SPAM Musubi Bowl and SPAM Musubi, available at select locations. The bowl consists of air-fried SPAM, sushi rice, edamame, and a variety of toppings. The SPAM Musubi serves as a quick snack option. CEO Michael Roper emphasized the inspiration drawn from Hawaiian culture, where SPAM is widely consumed. The new items can be ordered in-store or through delivery apps.
Pokemoto, a poke bowl restaurant chain under Muscle Maker, Inc. (GRIL), has signed its first franchise agreement in Northern California, marking its expansion to 16 states. This milestone comes as the company surpasses 50 franchise agreements, targeting markets such as Florida, New Jersey, and now California. The new franchise in Northern California offers a discount for veterans, reducing the initial franchise fee from $25k to $10k. Each franchise location can generate a $25,000 initial fee plus a 6% royalty on net sales.
