- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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