Muscle Maker Signs 40 Unit Franchise
Deal
Muscle Maker
Grill continues rapid expansion with Saudi Arabia deal. This
represents the second international agreement after 10-unit Kuwait
agreement. Deal, if fully executed, could potentially increase
international footprint by up to 400%
LEAGUE CITY,
TEX. (November 1,
2021) -- InvestorsHub NewsWire -- Muscle
Maker Inc
(Nasdaq: GRIL)
the parent company of Muscle Maker Grill, Pokemoto and SuperFit
Foods today
announced that it has
inked a Master Franchise Agreement for 40 units in the Kingdom of
Saudi Arabia; solidifying the company's second multi-unit
international deal. Saudi Arabia is the largest country in the
Middle East and the newly signed 40 unit agreement will grow the
company's international footprint by 400%. Muscle Maker Grill
previously signed a 10 unit deal in Kuwait.
Muscle Makers' current
Kuwaiti international franchise partners Abrar Kadhem Almatrouk,
Abdullah Kadhem Almatrouk, Yousef Kadhem Almatrouk and Essa Kadhem
Almatrouk will expand the healthier for you brand across the
Kingdom of Saudi Arabia by selling franchise units in packs of 10
units. They will be responsible for all facets of development for
new locations in Saudi Arabia including but not limited to opening,
training, distribution, operations and marketing.
"We are pleased to
announce our 40 unit Master Franchise Agreement, our second
international deal, quadrupling Muscle Maker Grill's future
presence in the Middle East," said Mike Roper, Chief Executive
Officer of Muscle Maker, Inc. "We're thrilled that growth plans
with our Kuwaiti partners are coming to fruition by expanding
healthier for you options into the Kingdom of Saudi Arabia.
According to research, the Kingdom of Saudi Arabia Fitness Service
Market is expected to reach $1.3 billion by 2022, stressing the
need for healthier dining options. We look forward to the brand
coming to life in a new region as our international partners
accelerate on local and regional levels."
"We are
excited to continue our partnership with Muscle Maker, Inc. and to
be the franchisor that develops the brand in Saudi Arabia," said
Abdullah Kadhem Almatrouk, the Muscle Maker Grill international
partner in Kuwait on behalf of his partnership that includes Abrar
Kadhem Almatrouk, Yousef Kadhem Almatrouk and Essa Kadhem
Almatrouk, "We were attracted to the brand for its ability to offer
a healthier for you alternative that doesn't sacrifice taste and
have since opened two units in
Salmiya and Mubarak Alkabir
Governorate Kuwait. The brand
is well received locally and we're ready to make some moves in both
Kuwait and the Kingdom of Saudi Arabia."
About
Muscle Maker Grill
Muscle Maker Grill was Founded in 1995 in Colonia, New
Jersey and features "healthier for you" high quality, great tasting
food, freshly prepared with proprietary recipes. Muscle Maker, Inc.
is the parent company of Superfit Foods (www.superfitfoods.com),
a Jacksonville, Florida, based fresh-prepared meal prep company
focused on delivering dietary specific meals direct to consumer
homes or designated pick-up locations. In addition, Muscle Maker,
Inc. is the parent company of Pokemoto, a "healthier for you" fresh ingredient poke bowl concept. Pokemoto (www.pokemoto.com)
features fresh Atlantic salmon, sushi-grade tuna, fresh fruits and
vegetables and propriety recipes. For more information on Muscle
Maker Grill, visit www.musclemakergrill.com.
Forward-Looking
Statements
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.
Contact:
Muscle Maker
Grill Marketing:
marketing@musclemakergrill.com
Investor
Relations:
IR@musclemakergrill.com
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