Koibito Poke has announced the signing of a franchise agreement with True Capital Partners LLC to sell a minimum of 300 franchises across eight states over the next five years. The brand expects the first 120 to be in place within the next 24-30 months according to True Capital Partners’ development schedule.
The 300 locations are expected to be situated in the states of North Carolina, South Carolina, Georgia, Florida, Texas, California, Idaho, and Washington.
“Winning in any endeavor is difficult. Who you pick as your teammates will always determine your level of success. In this case, I truly believe this exciting new initiative will be an integral step in building our all-star team. After spending a year looking for the right development partner, we are very pleased to engage with a group with such a proven track record for success,” said Todd Stottlemyre, former MLB pitcher, co-founder and CEO of Koibito Poke.
“We have been searching for a restaurant concept which could be a real success story and we are convinced that Koibito Poke was the absolute best-positioned brand to dominate the national space going forward,” said Adam Daniel, spokesperson for True Capital Partners LLC.
“Our team had been searching for a dining concept that has dealt with the three huge barriers that are devasting the restaurant industry today: Labor shortages, food cost inflation and rent [cost of location]. Koibito provided the perfect solution to all those barriers of entry and so we immediately committed our resources into development and are looking forward to massive success with Todd and his team. We’re very confident that we will attract experienced and successful franchise developers from around the country to be part of this new and exciting expansion.”
