Lemonshark Poke Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
Fast-casual restaurants are profitable franchises because of their tried-and-tested business model. Big-name fast-casual restaurants like Subway, McDonald’s, and KFC can become an easy choice. However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.
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So, if you’re interested in franchising and learning more about the restaurant, here’s what to expect in franchising a LemonShark Poke restaurant.
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Lemonshark Poke Franchise Wiki
Tobi Miller and Richard Gottlieb, owners of LemonShark Poke, have a deep connection to Hawaiian culture. Before starting LemonShark Poke, they had separate restaurants, but eventually formed the fast-casual restaurant franchise after meeting with Hawaiian chef, Brunson Achiu.
They started franchising LemonShark Poke in 2017 and currently have 12 locations, with 60 under development in the coming years.
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Lemonshark Poke Franchise Benefits
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Lemonshark Poke Franchise Training
LemonShark Franchising, LLC (the franchisor) will provide a training program to its franchisees. Firstly, they can find and access training information in the LemonShark system. Moreover, operation methods in their California training offices or the franchisee’s location. Up to two supervisory or managerial personnel can attend alongside the general manager and principal owner. Meanwhile, for operating a TurnKey Makai restaurant, the franchisee will undergo a two-week training program.
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The franchisor will provide another six-day training for managerial and supervisory personnel after opening the franchise on the franchisee’s first opened restaurant. Plus, the franchisor also has the right to conduct extra training for the principal owner and general manager after opening the franchise.
Additional training or conferences may be held. At times, the franchisor will require the principal owner and general manager to attend the annual conference.
Lemonshark Poke Franchise Cost
| Name of Fee | Low | High |
|---|---|---|
| Utility Deposits, Fees, Permits & Licenses | $5,500 | $12,500 |
| Architects’ and Permit Expediter Fees | $15,000 | $42,000 |
| Construction Management Fee | $3,500 | $17,500 |
| Other Pre‐Construction Costs | $12,000 | $30,000 |
| Leasehold/Construction | $114,500 | $395,000 |
| Exterior Signage | $5,000 | $18,000 |
| Interior Signage | $4,000 | $9,500 |
| POS System and Software; Back Office Computer, Printer and Related Hardware and Software; Sound System; Televisions and Office Supplies | $6,000 | $8,500 |
| Equipment/Smallwares | $45,000 | $59,000 |
| Designated Furniture, Millwork and Countertops, Sneeze Guard, Trash Can Caddies & Trash Cans, Lighting Fixtures, Menu Boards & Ad Boxes, Drink Station and Beer Wall (if applicable) | $37,500 | $101,200 |
| Opening Inventory | $11,000 | $15,000 |
| Beer & Wine License Costs | $750 | $1,500 |
| Grand Opening Marketing and Promotion | $2,500 | $5,000 |
| Franchised Location (Lease Deposit/3 Months’ Rent) | $10,000 | $60,000 |
| Insurance – Liability & Workers Compensation (initial deposit) | $1,200 | $1,200 |
| Legal Fees/Organizational Expenses | $5,000 | $15,000 |
| Training Expenses (Travel and Living Expenses) | $3,500 | $5,500 |
| Initial Franchise Fee | $40,000 | $40,000 |
| Additional Funds (3 months) | $20,000 | $30,000 |
| ESTIMATED TOTAL (for a regular restaurant or Makai by LemonShark restaurant)* | $341,950 | $866,400 |
Lemonshark Poke Franchise Requirements
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- Site Size 1,500 to 2,500 (smaller or larger will be entertained)
- High Density Urban and Suburban
Lemonshark Poke Franchise Territory
The franchisee can only operate under the terms agreed on the Franchise Agreement, but they won’t have an exclusive territory. However, they will be granted a one to five-mile protected territory as arranged in the Franchise Agreement.
The franchisor has the following considerations in determining the protected territory:
- Demographics
- Population size and age
- Income levels
- Neighboring locations
- Traffic
- Road visibility
- Nearby LemonShark locations
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Lemonshark Poke Franchise Obligations and Terms of Agreement
The franchisee must appoint a principal owner, one who has the capabilities to handle the operational responsibilities. Their responsibilities only extend to a managerial capacity, to which they are expected to dedicate their full time to. They should also at least own 50% of voting rights and equity.
Aside from that, the franchise should also designate a general manager, who will take over as the principal owner in case they can’t fulfill their duties. They’re also not required to have any voting rights or equity.
As for selling, the franchisees must strictly follow what is mandated by the franchisor. Items such as gaming, vending machines, payphones, ATMs, internet kiosks, mechanical and electrical items are prohibited unless approved by the franchisor.
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An initial franchise term for any LemonShark Poke franchise is 10 years. But, the franchisor can grant an additional 10-year period if a franchisee fulfills all requirements.
Lemonshark Poke Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
How to Apply For Lemonshark Poke Franchise
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To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Lemonshark Poke Franchise Contact details
Website
FAQ
Is it profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
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Did You Know?
- LemonShark Poke has earned a spot in Entrepreneur’s list of The Best Of: Asian Food and (#7) and the 2021 Top New Franchise Ranking (#86).
- They offer catering services to selected states: California, Florida, Illinois, Louisiana, North Carolina, New York, and Texas.
- They’ve sponsored over 1225 lbs of ocean clean-up as well.
- They have created 850+ jobs since franchising their restaurant.
Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
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