New Dallas area Franchise contract signed for mountains Town/Flower mound Market. Pokemoto now has 38 Franchise contracts Sign
League City, Texas, June 02, 2022 (GLOBE NEWSWIRE) — Pokemoto, Muscle Maker, Inc. (Nasdaq: GRILL) growing Hawaiian Poke Bowl restaurant concept, today announced the signing of a new Pokemoto franchise agreement for the Highland Village/Flower Mound, Texas market. Highland Village and Flower Mound are affluent suburbs in the booming Dallas area. This new franchise agreement marks Pokemoto’s first entry into the Texas market and the first agreement to take advantage of the company’s veteran appreciation program announced last month. The local franchisee served in the US Marines.
Pokemoto has now signed 38 new franchise agreements since November 2021 and continues to focus its growth strategy on franchising while opening company-owned locations in select markets. The Hawaiian poke chain currently has eight sites in the development and construction phase, as well as several letters of intent submitted for lease negotiations. The company expects the first sites to open in June/July.
The Pokemoto franchise model allows for an upfront franchise fee of $25,000, per unit, when the deal is signed, while also providing 6% of net sales as an ongoing monthly royalty rate once each location is open . The company allows, in some cases, reduced rates for multi-unit or special agreements, including the recently announced veterans program. The Veteran Appreciation Program offers a $15,000 reduction on the initial $25,000 franchise fee, bringing the total cost per agreement to $10,000 and is in place as a thank you to men and women who served in the US Army.
Pokemoto recently announced its partnership with FranFund, a one-stop financing solution that was the first to offer multiple financing options under one roof in the franchise space for those interested in a financial loan service. FranFund works directly with VetFran, a strategic initiative of the international franchise association, and offers a discounted pricing structure for veterans.
Michael Roper, CEO of Pokemoto, said, “We love bringing new franchisees into our Pokemoto Ohana (family)! This is our first program agreement for veterans to take advantage of our veteran appreciation program that we just announced last month. We are happy to be able to support our veterans by helping them on their entrepreneurial journey. The ability to follow a process and the leadership qualities introduced by the military make veterans excellent candidates for the franchise system. Pokemoto is in growth mode and our franchise sales team continues to expand the brand through targeted digital marketing efforts, trade shows, virtual discovery days and more. Once these locations open, Pokemoto will have locations operating in 11 states, including Connecticut, Rhode Island, New York, New Jersey, Massachusetts, Virginia, Pennsylvania, Maryland, Mississippi, Florida and now the Texas.
Roper continued, “Flower Mound was named the 4th best place to live in America by Money in 2021 and is known for its small-town family environment. Residents of Flower Mound and Highland Village benefit from proximity to Dallas and Fort Worth attractions, jobs, great schools and soon – Pokemoto, Hawaiian Poke! Pokemoto prides itself on fresh, “healthier for you” combinations the whole family can enjoy. We literally have something for everyone on our menu. Our modern dining rooms and bright colors provide a Hawaiian vibe where guests can enjoy a custom bowl or sip refreshing boba tea! We look forward to sharing more details about the opening and being a part of the Flower Mound and Highland Village communities.
About MuscleMaker, Inc.
Muscle Maker, Inc. is the parent company of “healthier for you” brands that bring high-quality healthy food options to consumers in traditional and non-traditional settings such as military bases, universities, ghost kitchens, delivery and ready-to-use products. meal preparation options. Brands include Muscle Maker Grill restaurants, Pokemoto Hawaiian Poke and SuperFit Foods meal prep. Our menus highlight healthier versions of traditional and non-traditional dishes and feature grass-fed steak, lean turkey, chicken breast, Ahi tuna, salmon, shrimp, tofu and herbal options. For more information about Muscle Maker, Inc., visit www.musclemakergrill.comfor more information about Pokemoto visit pokemoto.com.
Pokemoto (pokemoto.com) a Hawaiian Poke Bowl concept known for its modern culinary twist on a traditional Hawaiian classic has locations open in Connecticut, Massachusetts, Florida, Maryland and Virginia with future locations coming to Rhode Island, New York, Massachusetts, Connecticut, Florida, New Jersey, Pennsylvania, Mississippi and Texas. Pokemoto delivers contemporary flavors with fresh, delicious ingredients that appeal to foodies, health enthusiasts, and sushi lovers everywhere. Guests can choose from a list of signature bowls or be daring and create their own unique combination of a base, various proteins and toppings and nine different sauces. Vegetarian options are available and the bowl combinations are virtually limitless. Colorful dishes and chic, modern dining rooms provide an uplifting dining experience for guests of all ages. Customers can dine in-store or order online through third-party delivery apps for contactless delivery.
This press release may contain “forward-looking statements” pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release addresses financial projections, information or expectations regarding our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. These forward-looking statements can be identified by the use of words such as “should”, “may”, “intend”, “anticipate”, “believe”, “estimate”, “project”, “expect”, “expects,” “plans,” and “proposes.” Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from these forward-looking statements. You are urged to carefully review and consider all cautionary and other information, including statements made under “Risk Factors” and elsewhere in our filings from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Muscle Maker, Inc. assumes no obligation to update forward-looking statements except as required by law.
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