Muscle Maker, Inc (GRIL) research, news, and more from GeoInvesting

Company description

Thu, 06 Oct 2022 13:58:45 GMT

Muscle Maker, Inc. owns, operates, and franchises Muscle Maker Grill, SuperFit Foods meal prep, and Pokemoto Hawaiian Poke restaurants. The company operates a fast-casual restaurant that specializes in preparing protein-based meals featuring chicken, seafood, pasta, hamburgers, wraps, and flat breads, as well as entrée salads and sides, protein shakes, and fruit smoothies. It also operates under the Meal Plan AF, Muscle Maker Burger Bar, Bowls Deep, Burger Joe's, Wrap It Up, Salad Vibes, Mr. T's House of Boba, and Gourmet Sandwich brand names. In addition, the company offers Muscle Maker meal prep/plans to consumers through direct- to-consumer using musclemakerprep.com. The company was incorporated in 2014 and is based in League City, Texas.

Research

Mon, 12 Dec 2022 14:43:53 GMT

Muscle Maker, Inc (NASDAQ:GRIL) ($0.89; $25.6 M market cap), is the parent company of “healthier for you” brands delivering high-quality healthy food options to consumers through traditional and non-traditional locations, announced its new wholly owned subsidiary, Sadot LLC (“Sadot”), generated $54.19 million in revenue for the month of November, its first month of operation and management by AGGIA LLC FZ (“AGGIA”).

Michael Roper, CEO of Muscle Maker, stated “it has been our belief that the AGGIA agreement could be a game changer for Muscle Maker. To put the $54.19 million into perspective, the total company revenue through Q3, 2022 was $8.67 million. The $54.19 million revenue Sadot generated for November alone pushes the total company revenue for the entire year to date upwards of 725% in just one month, raising our year-to-date revenue to $62.86 million.”

Recall on November 18, 2022 the company issued a press release with details of its agreement with AGGIA. Subsequently, last week the company issued an update on the agreement which you can see here.

From our interpretation of what is going on, it appears that this relationship seems to be some sort of reverse merger transaction, where AGGIA will possibly be the surviving entity.

PodClips

Wed, 12 Oct 2022 13:15:00 GMT

Last night in a PodClip, Maj laid out the things needed to finalize a financial model for Muscle Maker, Inc (NASDAQ:GRIL). Aiden Wilson, an intern for MS Microcaps, joined him to take some notes on some of the primary considerations for the model, and review of part of the Fireside Chat we had with Michael Roper, CEO & Secretary of GRIL.

PodClips

Mon, 10 Oct 2022 14:01:12 GMT

Maj put out a few post-Fireside Chat podclips on Muscle Maker, Inc (NASDAQ:GRIL) ($0.38; $10.9 M market cap) , a company that delivers high-quality healthy food options to consumers through traditional and non-traditional locations such as military bases, universities, ghost kitchens, delivery and direct to consumer ready-made meal prep options.

This purposes of the clips are to

Convey our intention to develop a financial model for the company
Give a consolidated view of the comprehensive FIreside that was conducted with GRIL’s CEO and Secretary, Miachael Roper

In his first clip, Maj states:

“An important task we're going to embark on here in the next few weeks is to develop a financial model for $GRIL. Taking a look at the company's three restaurant concepts, its Muscle Maker Grill concept, which is a legacy company/legacy brand, and also the financials of the 2 acquired companies that Michael Roper embarked on and consummated for the company - a sports fit brand, and a Poke brand We want to see, given that the company has about a two year runway (or maybe 18 month) runway to get to profitability before having to raise money at the current burn rate, if we can develop a financial model that will get them to profitability within that time frame..”

In the other clip, Maj still touches upon the above but goes into a little more detail on his take of the chat with Michael and his plans with the Poke brand.