Muscle Maker Grill franchise complaints include struggling, failing and unhappy franchise owners.
Are you a Muscle Maker Grill franchise owner, employee or customer? Please share your view of the Muscle Maker Grill franchise below.
According to a recent company press release:
Muscle Maker Grill®, a fast-casual restaurant franchise that serves freshly prepared meals with its guests’ health in mind, announces it has signed 13 franchise agreements to develop 22 locations throughout the country.
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Among the 22 franchises, which raises the total number of Muscle Maker Grill locations under development to 220, are the brand’s first Nebraska, Arizona, Nevada and North Carolina restaurants.
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“This is a significant achievement for Muscle Maker Grill and we are thrilled to report our steady growth and continued expansion into the Midwest and West,” said Rod Silva, founder of Muscle Maker Grill. “Our truly unique concept of great food with your health in mind is gaining popularity throughout the U.S. We look forward to helping each of our new franchisees grow their local presence with unparalleled corporate support.”
Muscle Maker Grill has 70 locations listed as open on its website.
It’s press release states that it has 220 locations “under development” and will open 100 locations in the next few years.
But is Muscle Maker Grill’s hunger for growth stronger than its concern that every franchise location succeed?
The franchise failure/termination rate already appears to have reached about 14%.
The 2013 Muscle Maker Grill Franchise Disclosure Document (FDD) indicates that of the73 Muscle Maker Grill franchise restaurant locations that opened between 2010 and 2012, 10 (14%) failed or were terminated.
As some of those franchises were newly opened, it seems likely that failure rate will increase.
Each Muscle Maker Grill franchise represents an investment between $179,500 – $430,000.
Some of the franchise locations that have been deleted from the Muscle Maker Grill location list include:
We hope Muscle Maker Grill franchise owners, employees and customers will share their thoughts and experiences (anonymous is fine) so prospective franchisees can make more informed decisions.
See the full Muscle Maker Grill press release here:
MUSCLE MAKER GRILL Franchise Announces Aggressive Growth Plans
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TAGS: Muscle Maker Grill, Muscle Maker Grill franchise, Muscle Maker Grill franchise complaints, Muscle Maker Grill complaints, healthy fast food, Rod Silva
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This is not good.
NOTE 2 - GOING CONCERN AND MANAGEMENT’S PLANS
As of December 31, 2016, the Company had a cash balance, a working capital deficiency and an accumulated deficit of $335,724, $1,723,852 and $3,841,637 respectively. For the year ended December 31, 2016, the Company incurred a pre-tax net loss of $4,092,405. For the period from January 23, through December 31, 2015 and the period from January 1 through January 22, 2015, the Company incurred a pre-tax net loss of $839,530 and $62,866, respectively. These conditions indicate that there is substantial doubt about the Company’s ability to continue as a going concern for at least one year from the date of this filing.
Not only will they use the $19.9M and do nothing to change their business model to support their franchisee's.
First they force you to use Sysco. Is this because they want consistency in their product? Might be a small portion of their rationale, the bigger issue here is that Sysco is in bed with MMG. The prices they charge MMG Franchisees is outrageous. Chicken goes from $40.00 a case to $70.00 a case. How does that happen? I'll tell you...Rod and his cronies are taking their cut of all food sales. Again, beating the franchisees and supporting HQ (an still showing a 4M loss. Then again, this kick back is probably off the books.
Have to start considering all other vendors that we are forced to use. Paper Goods, Soda, Software support, etc. How much kick back is going back to the Franchise?
please don't invest... Please
PLEASE READ BELOW AND SEE WHAT MR MORGAN IS SAYING... THE NONSENSE...
This week, we talked with Robert Morgan, the company’s enthusiastic CEO, who said the warning was a natural consequence of the investments Muscle Maker is making in its business to generate growth. He said the company’s future is “guaranteed” and is hardly in the danger that the warning would suggest.
“The company is extremely strong,” Morgan said. “We have some good things going on in 2017.”
But Muscle Maker Grill also has some challenges with its growth trajectory and its financials as it takes its case to potential investors.
http://www.nrn.com/finance/muscle-maker-grill-mini-ipo-are-investors-buying-pain-or-gain
Hey Bob Morgan, you douchebag. How many people lives do you ruin?
https://www.sec.gov/Archives/edgar/data/1701756/000149315217013381/part2-3.htm#a_019
Imagine buying MMG stock at $4.75 a share..... what do you think the shares will be worth in 3 months..
Please give me your Two cents!!!
RIP HOBOKEN
https://www.sec.gov/Archives/edgar/data/1701756/000149315218003152/form253g2.htm
Ok folks, MMG is dying slowing. Look at this recent Sec filing. They have been borrowing money from people to stay alive. Watch our for MMG closing forever!