- Muscle Maker Inc GRIL has signed a new Pokemoto franchise agreement for the Hoboken, New Jersey area.
- The agreement marks the first entry for Pokemoto into the New Jersey market.
- The Pokemoto franchise model requires an initial franchise fee of $25,000 per unit when the agreement is signed and provides 6% of net sales as an ongoing monthly royalty rate once each location is opened.
- Pokemoto has signed 32 new franchise agreements since November 2021.
- "Hoboken is a millennial and Gen Z focused community and home to a large population of young professionals," noted Pokemoto CEO Michael Roper.
- Price Action: GRIL shares are trading higher by 1.35% at $0.49 on the last check Wednesday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
