
Pokeworks
Poke and Asian fusion bowls- 2023 Franchise 500 Rank
-
#481 Ranked #378 last year
- Initial investment
-
$375K - $611K
- Units as of 2022
-
65 41.3% over 3 years
Pokeworks is a Hawaiian-inspired fast and casual restaurant that opened its first store in midtown Manhattan, New York, in 2015. Pokeworks started franchising in 2016 and partnered with global brand development giant Toridoll Holdings Corporation. It serves Hawaiian poke bowls made with locally or overseas-sourced fish.
From its humble beginnings as a tiny takeout and delivery location in New York, Pokeworks has dramatically expanded its corporate operations with over 40 franchise units and restaurants all over the United States. Today, Pokeworks works with small startup developments and larger restaurant groups in order to continue to try to grow.
Why You May Want to Start a Pokeworks Franchise
You may be able to count on Pokeworks' business model as a solution for every diet to drive your success. Its menu caters to a broad market, serving those with special dietary needs, including those with gluten or nut restrictions, vegans, vegetarians, high-protein eaters, and so on. The Hawaiian fusion restaurant brand is aesthetically partial to the social media-intensive Millennials and Gen Zs—they advertise your product for you.
Pokeworks may not only be a hit among consumers, but also for restaurant owners. As a franchisee, you may appreciate the business model's ease of execution, the flexible menu, and the basic kitchen setup. As a franchisee, you will also receive extensive support from the Pokeworks franchise team, who will help you get started and keep achieving your goals. From national site selection and lease negotiation to training and grand opening marketing, they will take the lead when you need them to. Business development support is also a comprehensive package and includes:
Online third-party delivery ordering and management technology
Traditional and online advertising
Menu development
Community fundraisers
Buying power
What Might Make a Pokeworks Franchise a Good Choice?
One advantage of opening a Pokeworks franchise may be its preference for multiple unit location developments for primary and secondary markets. The company is still open to single-unit development in small but thriving North American markets. Pokeworks also welcomes large, experienced, and well-funded restaurant groups that are well-positioned in their communities.
To be part of the Pokeworks team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's liquid capital requirements.
How To Open a Pokeworks Franchise
As you decide if opening a Pokeworks location is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
You can review the Pokeworks Franchise Disclosure Document for complete financial performance information as part of your research. This document will help you make a more informed decision before investing in a Pokeworks franchise.
If you like what you see, you can soon own and operate your very own Pokeworks franchise.
Company Overview
About Pokeworks
- Industry
- Food
- Related Categories
- Poke, Asian Food, Seafood , Miscellaneous Quick-Service Restaurants
- Founded
- 2015
- Parent Company
- Beyond Restaurant Group LLC
- Leadership
- Larry Sidoti, CDO
- Corporate Address
-
220 Technology Dr., #120
Irvine, CA 92618
Business Overview
- Franchising Since
- 2016 (2023-2016 years)
- # of employees at HQ
- 30
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
- # of Units
- 65 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Pokeworks franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $35,000
-
Initial Investment
Information Circle - $374,764 - $610,709
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Net Worth Requirement
Information Circle - $750,000 - $1,200,000
-
Cash Requirement
Information Circle - $350,000 - $500,000
-
Veteran Incentives
Information Circle - 25% off franchise fee
-
Royalty Fee
Information Circle - 6%
-
Ad Royalty Fee
Information Circle - 1.5%
-
Term of Agreement
Information Circle - 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Pokeworks has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 170 hours
- Classroom Training
- 24 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 12
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Pokeworks? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Pokeworks landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Pokeworks ranked on other franchise lists? Find out below.
Ranked #1 in Poke in 2022
These are the companies that not only ranked in this year’s highly competitive Franchise 500, but ranked #1 in their respective industry categories.
Ranked #481 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #1 in Poke in 2022
Our annual list of the top restaurant and other food franchises, divided up by category, is the perfect place to start if you’re craving a food-based business opportunity.
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