Muscle Maker's Pokemoto Enters New Jersey Market

• Muscle Maker Inc (NASDAQ: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.