7/10

Franchimp Summary Rating

6 /10
Lower than 45% of peers

Franchise Summary

Description
The franchisor offers franchises to operate a fast casual restaurant selling Hawaiian poké made using high-quality, sustainably sourced fish, related menu items, sushi dishes, and other items.
Company Background
Pok?works is a fast-casual restaurant franchise serving Hawaiian pok? bowls, sushi and other Asian dishes. Pok?works was founded in 2016 by Christopher Cheung and partners with the goal of creating a sustainable business model that would provide quality food at an affordable price. The company aims to become one of the largest franchised restaurants in the world while also helping us all make better choices about what we eat.
Franchise Opportunity
You want to open a restaurant, but you don't know where to start. Pok?works is the fastest growing Hawaiian pok? chain in the U.S., with over 200 stores in development across all 50 states, Puerto Rico and Canada. We have an experienced team of operators who will help you every step of the way from choosing your location and designing your space, hiring staff, training them how to prepare our menu items and more! With so many locations already up and running we can also provide you with access to our existing supply chain network. If you're interested in learning more about opening a Pok?works franchise please contact us at [email protected] or call (212) 987-6170 for a free consultation today!
Corporate Structure
Beyond Franchise Group LLC was formed as a California limited liability company on March 25, 2016 to operate a franchising business in the United States under the name “Pokéworks.” On May 17, 2018, they converted to a Delaware limited liability company. Their principal business address is 220 Technology Drive, Suite 120, Irvine, California 92618. They began offering Pokéworks franchises in June 2016.
Royalties and Marketing Fees

Royalties : 6% of Gross Sales

Royalties : 1.5% of Gross Sales

Royalties : 2.0% of Gross Sales for Local Marketing; a total of up to 4.0% of Gross Sales on Local Marketing and Advertising Cooperative Contributions

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Quick Service Restaurants (QSR) Industry

$887,611 / unit

Franchise Type: Standard

Average Revenue During 2021

$887,611
$412,032
Industry Low
$1,773,176
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Pokeworks Franchise System Development in 2024

FAQ

How much investment do I need to start my own Pokeworks business?
Franchisees typically require at least $314,699 to $608,955 investment to get their Pokeworks business started
What are the initial franchise fees for Pokeworks?
Franchisees typically need to pay at least $40,000 in fees directly to Pokeworks in order to earn the right to launch their business
How much money can I make with a Pokeworks franchise? What are the average revenues for a typical Pokeworks business?
We estimate that the average revenue of an individual Pokeworks unit is approximately $887,611. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Pokeworks unit? What is my contractual commitment?
Pokeworks franchisees are typically required to sign up to a 10 years year contract initially. The renewal length is 10 years years. You can of course exit early but don’t expect to get any refund!

Accessibility

6 /10
The Franchisor's investment costs ranges from $314,699 to $608,955 which is Much Lower than the $0 to $0 average in the Quick Service Restaurants (QSR) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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