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. (Nasdaq: GRIL) reports a remarkable growth in revenue, attributing a 725% increase year-to-date, totaling $62.86 million. The surge in revenue follows the establishment of its wholly owned subsidiary, Sadot LLC, which generated $54.19 million in November alone. This month marks the first under the management of AGGIA LLC. The agreement allows AGGIA to earn shares of Muscle Maker based on net income generated, which could lead to significant equity expansion for the subsidiary.
Muscle Maker, Inc. (Nasdaq: GRIL) has provided a shareholder update regarding its recent agreement with AGGIA LLC FZ. Key highlights include a performance-driven compensation structure where AGGIA earns shares based on net income generated for its subsidiary, Sadot LLC. AGGIA can acquire up to 14,424,275 shares at a premium price if it generates $22,537,929 in net income. The agreement also allows AGGIA to nominate board members based on income thresholds. Muscle Maker emphasizes its focus on franchising growth while diversifying through this partnership.
Pokemoto, a Hawaiian poke chain and subsidiary of Muscle Maker, Inc. (GRIL), has signed its 50th franchise agreement, expanding to 15 states.
This milestone reflects the company’s growing footprint and successful franchising efforts. Franchisees can expect initial fees of up to $25,000 per unit with a 6% royalty rate on net sales. The company has partnered with Newtek Business Services to assist franchisees in securing funding. The franchise model aims to attract entrepreneurs seeking innovative dining concepts as Pokemoto continues its momentum in new and existing markets.
Muscle Maker, Inc. (Nasdaq: GRIL) has partnered with Newtek Business Services Corp. to provide funding solutions for franchisees of its Hawaiian poke bowl chain, Pokemoto. This collaboration aims to support current and prospective franchisees in securing financing to open new locations across the U.S. A dedicated portal on the Pokemoto website offers various services, including commercial loans and lines of credit. The initial franchise fee is up to $25,000, with ongoing royalties capped at 6% of net sales. This partnership is expected to bolster franchisee operations and enhance growth opportunities.
Muscle Maker, Inc. (Nasdaq: GRIL) has launched a vertical integration initiative through its new subsidiary, Sadot LLC, in collaboration with AGGIA LLC. AGGIA will handle operations, earning shares of Muscle Maker's stock based on net income generated, calculated at a premium of $1.5625 per share. Up to 14,424,275 shares can be awarded if Sadot generates $22,537,929 in income. The initiative aims to enhance operations while allowing the current team to focus on growth strategies. A special shareholders meeting is expected to approve this transaction.
Muscle Maker, Inc. (Nasdaq: GRIL) reported improved third quarter 2022 results with operational profits increasing 8% year-over-year despite inflationary challenges. The company opened seven new Pokemoto locations, bringing the total to 40 restaurants operating under the Muscle Maker Grill and Pokemoto brands. As of September 30, 2022, cash reserves exceeded $11.6 million, enabling further growth and potential acquisitions. The firm sold 45 additional Pokemoto franchise agreements, expanding its market presence.
Pokemoto, part of Muscle Maker, Inc. (GRIL), has signed two franchise agreements in South Carolina, marking its entry into the state. These agreements represent the 45th and 46th signed for the Hawaiian poke bowl restaurant concept, expanding its operations to 14 states total. The new locations will cater to the Myrtle Beach and Carolina Forest markets, targeting Millennial and Gen-Z audiences. Each franchise agreement generates $25,000 and a 6% royalty on net sales once operational. Pokemoto continues its growth strategy, aiming to become a major player in the poke industry.
Muscle Maker, Inc. has announced the opening of a new Pokemoto Hawaiian poke restaurant in Gallatin, Tennessee, marking its fifth opening since August 2022. Located at 1025 Nashville Pike, the eatery serves dine-in and online ordering options, featuring a Hawaiian-inspired design. The new location further expands Pokemoto's reach, now operating in eight states with a total of 45 franchise agreements signed. This new site aims to cater to a growing demand for healthier dining options as well as enhance community engagement.
Muscle Maker, Inc. (Nasdaq: GRIL) has signed a new franchise agreement for its Hawaiian poke bowl concept, Pokemoto, in Allentown, Pennsylvania. This is the company's 45th franchise agreement, expanding its presence in Pennsylvania. The new franchise follows the recent grand opening of Pokemoto in Northeast Philadelphia. Allentown, known for its vibrant dining scene, is expected to attract Millennials and Gen-Zs with Pokemoto's customizable menu. The brand continues to implement its growth strategy by opening new franchise locations, generating significant revenue and royalties.
Muscle Maker, Inc. (Nasdaq: GRIL) has launched a limited-time lobster seafood salad as a new protein option at Pokemoto locations, marking the brand's innovation in its Hawaiian poke bowl offerings. This new item features a blend of lobster, white fish, Japanese mayo, and special seasonings and is available in customizable bowls or burritos. The rollout aligns with National Lobster Day celebrations on September 25, 2022, and aims to enhance customer experience and engagement through various promotional initiatives, including social media marketing.
