Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$143K - $295K
- Units as of 2021
Here’s what you need to know if you’re interested in opening a Poke Mahi franchise.
Poke Mahi, founded in 2019, is a restaurant that serves Hawaiian cuisine. They specialize in the Hawaiian classic, the poke bowl. Poke Mahi may stand out amongst their competition with their dedication to fresh ingredients and infusing all the flavors of Hawaii into each dish. Their bowls are made of crispy vegetables and high-quality seafood. They also offer chicken, BBQ ribs, and tofu options.
Since beginning to franchise in 2020, Poke Mahi has opened several locations in the United States. They are actively seeking to expand their reach in several states, including California, Florida, New York, and Texas.
Why You May Want To Start a Poke Mahi Franchise
The perfect candidate for a Poke Mahi franchise should be organized, ready to grow, implement, and follow a proven business model. Restaurant experience is an advantage but not needed, as training will be provided.
Poke Mahi believes it has built a brand around giving customers an engaging food experience with the freshest ingredients and tastiest recipes. If this idea appeals to you, then you may want to consider starting a Poke Mahi franchise. They may be known for their fresh ingredients and efficient customer service. Using their tasty recipes, your Poke Mahi franchise will attempt to prepare the best bowls that leave people healthy and satisfied.
Poke Mahi's commitment to honoring Hawaiian culture and tradition through their recipes could make them beloved. With your franchise, you may be able to support farmers, butchers, and fisheries and provide delicious, quality, nutrient-dense food to your community.
What Might Make a Poke Mahi Franchise a Good Choice?
Owning a Poke Mahi franchise may offer you an opportunity to have a stake in the health-conscious food industry. More people seem to be choosing healthier food options as time goes on, which may help your Poke Mahi franchise succeed.
To be part of the Poke Mahi 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.
Opening a Poke Mahi 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.
How To Open a Poke Mahi Franchise
As you decide if opening a Poke Mahi franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Poke Mahi franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Poke Mahi franchising team questions.
Poke Mahi supports franchisees with pre-opening development assistance, coaching, and mentoring. Additionally, you will receive the operation manual, policies, procedures and management systems, vendor contracts, menu innovation, roll-out training, and ongoing support and updates.
About Poke Mahi
- Franchising Since
- 2020 (2 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states: California, Florida, New York, Texas
- # of Units
- 9 (as of 2021)
- Corporate Address
7300 N. Kendall Dr., #340
Miami, FL 33156
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Poke Mahi 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $142,770 - $295,000
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Poke Mahi 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
- 28 hours
- Classroom Training
- 16 hours
- Ongoing Support
Grand OpeningSite Selection
- Marketing Support
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Curious to know where Poke Mahi ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to Poke Mahi.
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