LemonShark Poke

LemonShark Poke

Poke
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$342K - $866K
Units as of 2020
20 400.0% over 3 years

Here’s what you need to know if you’re interested in opening a LemonShark Poke franchise.

LemonShark Poke is a franchise that serves locally made premium poke. The franchise’s main focus is to improve the general well-being of its customers by serving only the best meals made from high-quality ingredients.

Founded in 2016, LemonShark Poke is headquartered in Santa Monica, California, specializing in serving poke bowls, seafood, and healthy food. The string of restaurants is named after the Lemon Shark, a unique family that only preys on the best fish. Inspired by the fish, LemonShark Poke only uses healthy and mature fish to feed its customers.

Why You May Want to Start a LemonShark Poke Franchise

The mission of LemonShark Poke is to be a leader in the poke restaurant category in the franchise industry. If you are a premium fish lover, want to invest in the restaurant industry, or would like to create a world-class partnership network, becoming a LemonShark Poke franchisee may be an ideal option.

While you do not have to possess any restaurant experience, you do need to have strong business acumen in four key departments: sales/marketing, customer service, employee, and excellent financial management skills. You also need to be passionate about the brand as a whole.

Opening a LemonShark Poke franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

What Might Make a LemonShark Poke Franchise a Good Choice?

LemonShark Poke believes it is more than a place where customers can treat themselves. It is a place where respect and empathy are guaranteed, and everyone feels at home. For franchisees, the franchise offers a protected territory backed by demographic research.

Given that location is a significant factor in determining the potential success of any restaurant, LemonShark Poke has founders with over 25 years worth of experience in lease negotiation to help you secure the best terms possible at suitable locations.

To be part of the LemonShark Poke franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements. 

How To Open a LemonShark Poke Franchise 

Before opting to become a LemonShark Poke franchisee, you must research to ascertain that a LemonShark Poke Bowl restaurant will do well in your community. You should also come prepared with questions to ask the company or look for reviews from experienced franchisees. While competition is healthy, too much of it can inhibit the growth of your business.

If awarded a franchise, franchisees receive a great deal of support from the LemonShark brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. Potential LemonShark Poke franchisees may also receive hands-on training and continued support after their franchise location has opened.

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Company Overview

About LemonShark Poke

Industry
Food
Founded
2016
Parent Company
Lemonshark Franchising LLC
Leadership
Richard Gottlieb, CEO

Franchising Overview

Franchising Since
2017 (5 years)
# of employees at HQ
15
Where seeking

This company is seeking new franchisees in the following US states:

This company is seeking new franchisees in the following international regions:

# of Units
20 (as of 2020)

Franchisor Information

Corporate Address
729 Montana
Santa Monica, CA 90403

Information for Franchisees

Here’s what you need to know if you’re interested in opening a LemonShark Poke 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
$40,000
Initial Investment
$341,950 - $866,400
Net Worth Requirement
$500,000
Cash Requirement
$30,000 - $50,000
Veteran Incentives
15% off franchise fee
Royalty Fee
6%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes
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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
LemonShark Poke has relationships with third-party sources which offer financing to cover the following: 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
112 hours
Classroom Training
36 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2-3
Are exclusive territories available?
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021