Acquisition Marks Third Corporate Owned Philadelphia Location
League City, Texas, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Muscle Maker, Inc. (Nasdaq: GRIL) the parent company of Muscle Maker Grill, Healthy Joe’s and MMG Burger Bar, a fast-casual concept known for serving “healthier for you” meals, today announced the acquisition of one of its previously franchise-owned locations in the Northeast neighborhood of Philadelphia. The now corporate-owned restaurant is located at 2550 Grant Avenue. The location has been a stable presence in the market for over eight years and is currently open and operating today. The acquisition will be immediately accretive to top line company revenue and represents the third corporately owned and operated location in the Philadelphia market when combined with the previously announced two ghost kitchen locations.
This now corporate owned Philadelphia market location is located near many fast-casual food businesses and conveniently located next to a large LA Fitness giving easy access to “healthier for you” food options for locals working out and looking to eat healthy. This location will offer dine in, take out, delivery, convenient online ordering through its mobile app – MMG Rewards, meal plans, smoothies, shakes and more.
“This acquisition further supports our effort to offer our brands to the Philadelphia community looking for healthier options. With our two ghost kitchens projected to open in November and December this year we are well positioned to capture the attention of the Philadelphia market.” said Michael Roper, CEO of Muscle Maker Grill. “Similar to our recent Chelsea NYC purchase, this location already has brand awareness which should help with the rollout of our ghost kitchens over the balance of this year. The company will continue to look for opportunities to grow our corporately owned location portfolio including individual locations and potentially larger acquisitions. This acquisition made a lot of sense given its proximity to a large fitness facility and stable history of providing “healthier for you” options to the local market.”
About Muscle Maker Grill
Founded in 1995 in Colonia, New Jersey, Muscle Maker Grill features high quality, great tasting food, freshly prepared with proprietary recipes. The menu, created with the guest’s health in mind, is lean and protein based. It features all-natural chicken, grass fed steak, lean turkey, whole wheat pasta, wraps, bowls and more. It also offers a wide selection of fruit smoothies in a variety of assorted flavors, protein shakes and supplements. For more information on Muscle Maker Grill, visit www.musclemakergrill.com.
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Muscle Maker Grill Marketing