Coming off the success of FAT Brands, Reg A+ crowdfunding round and listing on NASDAQ, Banq is gearing up to raise funds for Muscle Maker Grill. The company is a fast-casual-healthy restaurant that fits nicely in the dining space as consumers turn away from the fast food restaurants from the past. The concept appeals to fitness types as well as individuals that just want to have a healthier existence while eating good tasting food. Muscle Maker Grill currently operates 
53 restaurants in 14 different states with fiscal year 2016 sales standing at $4.05 million. Sales for the first half of 2017 indicate decent growth as Muscle Make generated $3.89 million in top line sales. The company both operates and franchises the concept. Today 12 locations are corporately owned and 41 are franchises. By the end of April 2018, Muscle Maker expects to have opened up to 10 company locations and 9 new franchise locations.
So what do you get if you decide to invest?
According to the Offering Circular, Muscle Maker Grill seeks to sell 4.2 million shares at a per share price of $4.75/each. The total raise expects to be $19.95 million before expenses. The company has a pre-money valuation of $51 million. So if you invest, you expect the company to be worth more than $51 million at some point in the future.
Muscle Maker expects to list on NYSE, under ticker symbol MMB, as early as December. If the company is accepted by NYSE early shareholders will have the option to sell their shares, if they want, providing some liquidity. Alternatively, Muscle Maker said it will list on the OTCQX if the NYSE does not work out.
Muscle Maker Grill is accepting investment reservations now but it should be accepting actual investments soon enough.
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