Muscle Maker Grill Highlights 2017 Brand Achievements Following Recent Announcement Of Initial Public Offering Via Jobs Act Regulation A+
October 18, 2017 // Franchising.com // HOUSTON, TX - Muscle Maker, Inc. (anticipated stock symbol: MMB), the owner of Muscle Maker Grill, the rapidly expanding fast-casual restaurant brand promoting a healthy lifestyle by offering nutritious alternatives to traditional dishes, today released a number of the brand’s notable accomplishments thus far in 2017, following last week’s announcement of its intention to launch a Regulation A+ initial public offering allowing any qualified investor the opportunity to invest in its health-focused concept. TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), will act as the lead managing selling agent and sole bookrunner for the offering.
Muscle Maker, Inc. started with an investment of $5 million dollars from a private equity restaurant group, which was used to acquire talent, strengthen its corporate management team and stabilize its operations. The Company is led by strong entrepreneurial ownership possessing a vision and desire to support Muscle Maker Grill’s aggressive domestic and international expansion plan, working capital and general corporate purposes via initial public offering.
Notable Muscle Maker Grill achievements in 2017 include:
- Corporate revenues are up 86.4 percent for the first nine months of 2017 over first nine months of 2016
- Growth from two to 12 corporate locations in the last 15 months
*With some stores posting year over year sales growth of over 50 percent for restaurants that have been open 15 months, 2017 over 2016
- 12.44 percent sales growth for the third quarter of 2017 over third quarter 2016 for corporate store restaurants that have been opened 15 months prior to September 30, 2017
- Five U.S. military locations under contract
*Fort Bliss (TX) open and currently operating
*Fort Benning (GA) opening in less than 30 days
*Additional locations currently in development
- Will achieve international status, with its first location in Kuwait opening in the next 30 days
*Additional international opportunities currently in development
- Ranked 18 out of 100 in Fast Casual’s Top Movers and Shakers Awards in 2017
“In 2017, Muscle Maker Grill has achieved significant milestones, including increasing our revenues and adding talent to our corporate team to growing to 52 total units – 12 corporately owned and 40 franchised locations, as of October 13, 2017,” said Robert E. Morgan, President and Chief Executive Officer of Muscle Maker, Inc. “The significant growth is proof that consumers are seeking healthier versions of mainstream dishes that taste great, making it convenient, affordable and enjoyable to eat healthy – which is why we strongly believe that the Regulation A+ initial public offering is the right step to raise the necessary capital that will help us take Muscle Maker Grill to the next level.”
Muscle Maker, Inc. seeks to raise up to $19,999,998 in its Initial Public Offering (IPO) under Regulation A+ of the JOBS Act. In succession and subject to New York Stock Exchange (NYSE) requirements, the Company plans to list its securities on the NYSE American under the ticker “MMB.” Muscle Maker, Inc. intends to use the proceeds from the offering to fund domestic and international expansion, working capital and other general corporate purposes. Individuals interested in learning more about Muscle Maker, Inc.’s Regulation A+ investment opportunity and placing an indication of interest can visit www.MuscleMakerGrill.com/Invest or www.banq.co/listings/mm.
Founded in 1995, Muscle Maker Grill’s diverse menu was created for the masses, including fitness enthusiasts, those starting their journey to a healthier lifestyle, and people trying to eat better while on-the-go. Providing “Great Food with Your Health in Mind,” Muscle Maker Grill’s menu features items with grass-fed steak and all-natural chicken, as well as options that satisfy the most popular dietary preferences – from the carb-free consumer to guests following gluten-free and vegetarian diets. Muscle Maker Grill does not sacrifice taste to serve healthy options. Now, guests can have delicious, nutritionally balanced food without the regret. More than just food, Muscle Maker Grill restaurants are a friendly, relaxed and social environment where guests can enjoy great-tasting food and engage with fellow health enthusiasts in their local area.
About Muscle Maker, Inc.
Muscle Maker, Inc. is the owner of the restaurant concept Muscle Maker Grill. Muscle Maker Grill features high-quality, great-tasting food, freshly prepared with the guest’s health in mind. Its lean, protein-based menu features chicken, steak, seafood, pasta, wraps, and entrée salads. Muscle Maker Grill also offers a wide selection of fruit smoothies with a variety of assorted flavors, protein shakes and supplements. With offices in Colonia, NJ and Houston, TX, Muscle Maker Grill has more than 50 franchised and corporate restaurants in 12 states. For more information on Muscle Maker Grill, including how to become a franchise partner, visit www.musclemakergrill.com.
This press release may include ''forward-looking statements.'' 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 the offering statement that we will file with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Muscle Maker Grill does not undertake any duty to update any forward-looking statements except as may be required by law.
The offering will be made only by means of an offering circular. An offering statement on Form 1-A, as amended, relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become qualified. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
No money or other consideration is being solicited at this time with respect to such an offering, and if sent in response to these materials for such an offering, it will not be accepted. No securities may be sold, and no offer to buy securities can be accepted and no part of the purchase price can be received for an offering under Regulation A+ until an offering statement is qualified by the U. S. Securities and Exchange Commission, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date. An indication of interest made by a prospective investor in a Regulation A+ offering is non-binding and involves no obligation or commitment of any kind. Muscle Maker, Inc. intends to list its securities on a national exchange and doing so entails significant ongoing corporate obligations including but not limited to disclosure, filing and notification requirements, as well compliance with applicable continued quantitative and qualitative listing standards.
For additional information on Muscle Maker, Inc., the offering and any other related topics, please review the Form 1-A, as amended, offering circular that can be found at the following location:
Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found at the following location (http://banq.co/listings/mm#documentation) and select the Risk Factors Tab.
Porter, LeVay & Rose
Brian M. Lowe/Laurie Pepitone
BML Public Relations
SOURCE Muscle Maker, Inc.