We have all heard the phrase “healthier for you” being thrown around these days. We all strive for it, but let’s face it, sometimes it is just easier (or cheaper) to grab the fast-food option in a busy lifestyle. With inflation steadily on the rise, and fear of financial crisis increasing seemingly every day, not only is it difficult to eat healthy, but it is becoming increasingly difficult to invest healthy. Meet GRIL, a healthy for you franchise model focusing on their Pokemoto stores, but also creating a healthy-for-you outlook on their fundamentals.
Muscle Maker Grill was founded in 1995 in an effort to provide healthier versions of mainstream dishes that are affordable, healthy, and best of all delicious. In 2021 however, they decided to make a company altering move in purchasing a thirteen-unit poke chain concept “Pokemoto” on May 18, 2021, to add to their MMG restaurants and their other newly acquired concept, SuperFit Foods.
Since then, the Pokemoto concept that has been thriving under a franchise model, has rapidly expanded, and is now registered to sell franchises in all 48 Continental States. The success of the franchise model, that requires as little as $25,000 in franchise fees, has proven itself by rapidly expanding to 60 total franchise agreements signed as of January 24, 2023.
In continuation of their company altering moves, on November 28, 2022, MMG entered into an agreement to form a new subsidiary called Sadot which specializes in shipping agricultural commodities and trading. Based on a pay for performance agreement, MMG agreed to issue shares to a consulting company known as AGGIA LLC FZ which has been met with great success.
Recently, MMG has been quite active with their press releases and has been committed to providing monthly updates to the unaudited revenue figures generated by Sadot. The latest announcement came on April 18, 2023, in which they announced that Sadot has generated over $360 million in revenue since its inception in November of 2022. As per the agreement, in which AGGIA would be given up to eight board members for meeting net income thresholds, on April 11, 2023, it was announced that five of the eight board members have been appointed as a result of the net income earned.
On the Pokemoto front, it was announced on January 17, 2023, that MMG is registered to sell franchises in all 48 Continental States. This news was then followed up with an agreement on January 20, 2023, with Saladcraft to be able to license their salad bowl concept as a combo restaurant in Pokemoto restaurants. Then, on January 24th it was announced that three franchise agreements were sold in Houston, Texas, bringing the current franchise agreements sold to 60.
CEO Michael Roper continues to bang the drum to bring attention to MMG and has recently presented at the Sequire Investor Summit in Puerto Rico on April 25th which managed to catch the eye of analysts at Alliance Global Partners who initiated a Buy rating with a $2.40 Price Target following the Summit. Unsatisfied with the current price of its stock, the board has also announced a Share Repurchase Program for up to $2 million of its common stock, which is currently in effect at the time of this article.
Reasons for Optimism:
A case can be made by those bullish on MMG for the fact that with a market cap of just $39.3 million, the company is severely undervalued considering Quarter 1 of 2023 has already been reported to have reached a minimum of $200 million from Sadot revenue alone. The recently announced Repurchase Program is a strong vote of confidence by the board and shows that they are willing to invest profits back into the company’s continued growth. A healthy balance sheet, with minimal debt, and the expectation of positive EBITDA in Q1 should continue to drive the price in an upward direction.
Reasons for Concern:
With inflation steadily on the rise, restaurants will begin to feel a squeeze on trying to maintain profits, without hurting their customers with price hikes. Although Sadot has jumped out to quick success there is fear as to whether it is sustainable in the long run. With an average daily volume of around 100k shares traded, it remains difficult to see sustained growth.
GRIL continues to try and adapt with the times by bringing on new restaurant concepts and expanding its flywheel to multiple revenue streams. Even if you decide that GRIL is not right for your portfolio, hop on over to a Pokemoto near you and you will find the menu will certainly be right for your stomach. Since forming Sadot, GRIL has seen a rise of 188% in share price while continuing to be undervalued based on current revenues. Will GRIL be able to sustain success, or is this just a flash in the pan?
About Muscle Maker Grill Inc.
Muscle Maker, Inc. is the parent company of “healthier for you” brands delivering high-quality healthy food options to consumers through traditional and non-traditional locations such as military bases, universities, delivery and by direct-to-consumer ready-made meal prep options. Brands include Muscle Maker Grill Restaurants, Pokemoto Hawaiian Poke and SuperFit Foods meal prep. The 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 plant-based options. For more information on Muscle Maker, Inc., visit www.musclemakergrill.com, for more information on Pokemoto visit www.pokemoto.com or for more information on SuperFit Foods visit www.superfitfoods.com.
About Sadot, LLC
Sadot is a wholly owned subsidiary of Muscle Maker, Inc. Sadot’s goal is to create a comprehensive , global food company that stretches from sustainable farming, agricultural commodity shipping and trading, distribution, production and ultimately reaches consumers through our restaurant, franchise and meal prep companies. Sadot currently focuses on international agricultural commodity shipping and trading for items such as soybean meal, wheat and corn. Shipments are via commercial cargo ships that can range between 25,000 to 75,000 metric tons.
This press release may include “forward-looking statements” pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as “should”, “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “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 such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in documents that we file 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., does not undertake any duty to update any forward-looking statements except as may be required by law.
Founded in 2009, EmergingGrowth.com quickly became a leading independent small cap media portal. Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community.
The next step in its evolution is the Emerging Growth Conference.
About the Emerging Growth Conference
The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner.
The audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.
All Conferences are first announced on Twitter – Follow us on Twitter
All Conference replays emerge on our YouTube Channel – Subscribe to our YouTube Channel
All sessions are conducted through video webcasts and will take place in the Eastern time zone. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.
If you believe your company, product or service is at the cusp of going mainstream, or you have an idea for an “Emerging Growth” company that might fit our model, contact us here.
This article was written by a guest contributor and solely reflects his/her opinions. All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. The statements in this article are not that of, nor have they been verified by, or are the opinion of, EmergingGrowth.com. All material is for informational purposes only, and should not be construed as an offer or solicitation to buy or sell securities. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. Please consult an investment professional before investing in anything viewed within.