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Well being-focused restaurant firm experiences 190% income beneficial properties as the combination of latest acquisitions begins to be reported
League Metropolis, Texas, Nov. 16, 2021 (GLOBE NEWSWIRE) — by way of NewMediaWire — Muscle Maker, Inc. (Nasdaq: GRIL), the mother or father firm of Muscle Maker Grill, Pokemoto and Superfit Meals, as we speak introduced the posting of its third quarter 2021 monetary outcomes on November 15th for the 13-week interval ending September 30, 2021.
Michael Roper, CEO of Muscle Maker, Inc., commented, “The just lately posted 3rd Quarter web loss narrowed to ($433K) which is one of the best performing quarter since our IPO. Because the affect of Covid falls additional into the rear-view mirror and the restaurant trade continues to get better, we’re beginning to see a constructive affect to our portfolio of “more healthy for you” manufacturers – Muscle Maker Grill, Superfit Meals and Pokemoto. Not solely have we skilled a big prime line income improve, we’re additionally seeing our working metrics enhance yr over yr as the brand new entities are built-in into the general Muscle Maker Inc., portfolio of corporations.”
Roper continued, “We’re very excited to lastly be capable of totally execute towards our development technique. We had our IPO in February 2020 and instantly rolled into full Covid lockdowns and quarantines. As everybody is aware of, the restaurant trade was hit exhausting by these restrictions. Whereas we aren’t totally faraway from Covid and its affect, we’ve been capable of focus extra on our development technique. Over the past seven months, Muscle Maker Inc., has made a number of growth-oriented bulletins, together with: acquisition of Superfit Meals, acquisition of Pokemoto, opening 4 new areas on the Northern Virginia Group School campuses, launching our Pokemoto franchising technique which has already resulted in 5 franchise agreements signed, partnered with Franserve the world’s largest franchising consulting agency and signing a 40-unit improvement deal in Saudi Arabia.”
“Our development plan focuses on strategic acquisitions and franchising. Our group has intensive franchise expertise in gross sales, actual property and operations and we’ll leverage this expertise to focus in on our development technique. Pokemoto, a more healthy for you Hawaiian poke bowl model is trending within the meals section. The idea boasts low construct out and labor prices, ease of operations, small footprints and is extremely favorable with each the Millennial and Gen Z demographics. The entire aforementioned plus the huge gamut of expertise of our administration group makes us consider we’ve a successful mixture that ought to drive franchise development.”
The latest acquisitions and openings deliver the present whole open retailer depend of all entities to 42 corporately owned and franchised areas. The Firm has signed leases, improvement and franchise agreements that symbolize an extra 47 areas, which, if totally executed upon, will greater than double the scale of the present retailer depend.
About Muscle Maker, Inc.
Muscle Maker, Inc. is the mother or father firm of “more healthy for you” manufacturers delivering high-quality wholesome meals choices to customers via conventional and non-traditional areas corresponding to navy bases, universities, ghost kitchens, supply and direct to shopper ready-made prep choices. Manufacturers embody Muscle Maker Grill, Pokemoto, Superfit Meals, Wholesome Joe’s and a number of ghost kitchen manufacturers corresponding to Meal Plan AF, Wrap it up Wraps, Bowls Deep, Burger Joe’s, MMG Smoothies, Mr. Tea’s Home of Boba, Gourmand Sandwich Co and Salad Vibes. Our menus spotlight more healthy variations of conventional and non-traditional dishes and have grass fed steak, lean turkey, hen breast, Ahi tuna, salmon, shrimp, tofu and plant-based choices. For extra data on Muscle Maker, Inc., go to www.musclemakergrill.com, for extra data on Pokemoto go to www.pokemoto.com or for extra data on Superfit Meals go to www.superfitfoods.com.
About Muscle Maker Grill
Muscle Maker Grill (www.musclemakergrill.com) options prime quality, nice tasting meals, freshly ready with proprietary recipes. The menu, created with the visitor’s well being in thoughts, is lean and protein based mostly. It options all-natural hen, grass fed steak, lean turkey, entire wheat pasta, wraps, bowls and extra. It additionally presents a wide array of fruit smoothies in a wide range of assorted flavors, protein shakes and dietary supplements.
About Pokemoto
Pokemoto (www.pokemoto.com) a Hawaiian Poke bowl idea recognized for its trendy culinary twist on a conventional Hawaiian traditional has eighteen open areas in 5 states – Connecticut, Rhode Island, Massachusetts, Virginia and Georgia and presents up chef-driven up to date flavors with recent delectable substances that appeals to foodies, well being fanatics, and sushi-lovers all over the place. Visitors can select from an inventory of signature bowls or be daring and construct their very own distinctive mixture of a base, protein and numerous toppings and 9 totally different sauces. Vegetarian choices can be found, and the bowl mixtures are just about limitless. The colourful dishes and trendy stylish eating rooms present an uplifting eating expertise for visitors of all ages. Prospects can dine in-store or order on-line by way of third get together supply apps for contactless supply. Universities amongst different non-traditional alternatives are a focus in Muscle Maker Grill’s development technique.
About Superfit Meals
Superfit Meals, LLC, (www.superfitfoods.com) a fresh-prepared meal prep service that prepares “more healthy for you” meals in a centrally positioned kitchen in Jacksonville, FL with supply to native gyms and wellness facilities or proper to prospects doorways and presents nation-wide transport. Superfit Meals bought over 220,000 meals in 2020.
Ahead-Trying Statements
This press launch might embody “forward-looking statements” pursuant to the “secure harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. To the extent that the data offered on this press launch discusses monetary projections, data, or expectations about our enterprise plans, outcomes of operations, merchandise or markets, or in any other case makes statements about future occasions, such statements are forward-looking. Such forward-looking statements may be recognized by way of phrases corresponding to “ought to”, “might,” “intends,” “anticipates,” “believes,” “estimates,” “initiatives,” “forecasts,” “expects,” “plans,” and “proposes.” Though we consider that the expectations mirrored in these forward-looking statements are based mostly on affordable assumptions, there are a selection of dangers and uncertainties that might trigger precise outcomes to vary materially from such forward-looking statements. You’re urged to rigorously assessment and contemplate any cautionary statements and different disclosures, together with the statements made below the heading “Danger Elements” and elsewhere in paperwork that we file occasionally with the SEC. Ahead-looking statements communicate solely as of the date of the doc through which they’re contained, and Muscle Maker, Inc., doesn’t undertake any obligation to replace any forward-looking statements besides as could also be required by regulation.
Contact:
Muscle Maker Grill Advertising
marketing@musclemakergrill.com
Investor Relations:
IR@musclemakergrill.com
