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General

Industry

Food and Beverage

Category

Food and Beverage

SBA Identifier

S2061

Year of Founding

2015

Fees

Marketing Fee

2.0% or $400 per month

Royalty Fee

6% or $1,000 per month

Franchise Fee

$40,000-$40,000

Investment Range

$286K-$866K

Location units

Total U.S. Locations

14

U.S. Franchised Units

11

U.S. Corporate Units

3

Headquarters (City)

-

Other

Item 19 - Franchise Financials

-

Financing Availability

-

Started Offering Franchises

2017

Issuance of FDD Data

04/22/2019

What to know about LemonShark Poké franchise?

LemonShark Franchising, LLC, a California limited liability company, offers franchises for the operation of LemonShark Restaurants that offer freshly prepared mainland sustainably sourced Hawaiian style ahi tuna and salmon known as "poke," with proprietary sauces and marinades, toppings and rice, salads, other food products, side dishes, craft beer and wine and non-alcoholic beverages for on-premises and off-premises consumption

LemonShark Poké is based in Santa Monica, CA. Scroll down to learn more!

How Much Does a LemonShark Poké Franchise Cost?

Are you wondering how much is a LemonShark Poké franchise? Before starting a LemonShark Poké franchise, it is important to know the LemonShark Poké franchise fee ($40,000) working capital and other costs required to start the business.

The minimum investment amount required to open a LemonShark Poké franchise is $286,450 and can go all the way up to $866,400. Keep in mind, you should also allocate additional funds to live off of while the LemonShark Poké business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 LemonShark Poké franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a LemonShark Poké business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your LemonShark Poké franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare LemonShark Poké. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2018 2 9 0 11

Additional Details

How much does a LemonShark Poké franchise owner make?

LemonShark Poké franchise earnings and revenue can vary significantly from one franchisee to another. The LemonShark Poké franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors. LemonShark Poké unfortunately does not disclose financials on how much LemonShark Poké franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S. Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, LemonShark Poké does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with LemonShark Poké franchisees. Do note that LemonShark Poké is not alone as about 40% of franchises do not disclose franchisee financial performance. At Vetted Biz, we suggest you to speak with 5 to 10 LemonShark Poké franchisees to understand how much money they are making from their LemonShark Poké business. You should also speak to former LemonShark Poké franchisees to understand why they left the system. Did they sell their LemonShark Poké at a profit? Were they forced to close their LemonShark Poké franchise down because it kept losing money?

What is the LemonShark Poké Franchise Fee?

Owning a LemonShark Poké franchise requires a variable royalty fee and a 2.0% or $400 per month marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. Keep in mind, there is also an initial LemonShark Poké franchise fee of $40,000 that is included in the initial investment amount of $286,450 to $866,400. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the LemonShark Poké franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the LemonShark Poké franchise fee of $40,000. Visit the LemonShark Poké metrics tab to explore how the franchise, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was LemonShark Poké founded?

LemonShark Poké was founded 7 years ago in 2015. LemonShark Poké started offering franchises in 2017. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many LemonShark Poké locations are in the U.S.?

As of Issuance of 2019, there were 11 LemonShark Poké locations owned and operated by franchisees across the U.S. There are also 3 corporate locations owned and operated by LemonShark Poké. Most Food and Beverage franchises like LemonShark Poké have more franchised locations than corporate locations.

How many LemonShark Poké franchises opened over the past few years?

Over the prior 3 years we have data for, LemonShark Poké has opened 11 outlets throughout the U.S. Visit the LemonShark Poké metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many LemonShark Poké franchises closed over the past few years?

Over the prior 3 years we have data for, LemonShark Poké has closed 0 outlets throughout the U.S. Visit the LemonShark Poké metrics tab to explore how the closures compare to other Food and Beveragefranchises.

Is LemonShark Poké growing? Are they opening more locations than they are closing?

The net unit growth rate for LemonShark Poké over the past 3 years is N/A. Over the last year we have data for, LemonShark Poké had a net unit growth rate of 450%. Without a comparison, this number doesn’t mean much. Compare how the LemonShark Poké growth rate compares to 2,000+ other franchises and Food and Beverage franchises like LemonShark Poké. More info in the LemonShark Poké metrics tab.

Is LemonShark Poké franchise eligible for an SBA Loan?

LemonShark Poké is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here. LemonShark Poké franchise was assigned the SBA Franchise ID of S2061 on May 30, 2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like LemonShark Poké that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is LemonShark Poké a franchise in the United States?

According to the SBA, LemonShark Poké meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that LemonShark Poké provides you with an FDD if you are in discussion to buy a LemonShark Poké.

What is the LemonShark Poké Franchise for Sale Rate?

The LemonShark Poké systemwide health and franchisee satisfaction can be measured by the LemonShark Poké franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor. The franchise for sale rate for LemonShark Poké over the past 3 years is 0%. Over the last year we have data for, LemonShark Poké had a franchise for sale rate of 0%. Without a comparison, this number doesn’t mean much. Compare how the LemonShark Poké franchise for sale rate compares to 2,000+ other franchises and Food and Beverage franchises like LemonShark Poké. More info in the LemonShark Poké metrics tab.

What is the LemonShark Poké Franchise Failure Rate?

LemonShark Poké franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise! LemonShark Poké failure rate over the past 3 years is 0%. Over the last year we have data for, LemonShark Poké had a franchise failure rate of 0% Without a comparison, this number doesn’t mean much. Compare how the LemonShark Poké failure rate compares to 2,000+ other franchises and Food and Beverage franchises like LemonShark Poké. More info in the LemonShark Poké metrics tab.

How can I find out more details on LemonShark Poké franchise?

Visit the LemonShark Poké metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!

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General

Industry

Food and Beverage

Category

Food and Beverage

SBA Identifier

S2061

Year of Founding

2015

Fees

Marketing Fee

2.0% or $400 per month

Royalty Fee

6% or $1,000 per month

Franchise Fee

$40,000-$40,000

Investment Range

$286K-$866K

Location units

Total U.S. Locations

14

U.S. Franchised Units

11

U.S. Corporate Units

3

Headquarters (City)

-

Other

Item 19 - Franchise Financials

-

Financing Availability

-

Started Offering Franchises

2017

Issuance of FDD Data

04/22/2019

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

LemonShark Poké

[0%]

450%

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Not Available

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

LemonShark Poké

NA

NA

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

LemonShark Poké

NA

NA

Industry median

All franchises median

Unlock premium content

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Total U.S. Units
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Jimano’s Pizzeria
Investment range
-
Founding year
-
Total U.S. Units
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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

LemonShark Poké

$576,425

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

LemonShark Poké

6% or $1,000 per month

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

LemonShark Poké

[0%]

450%

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

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Business details

Company name

-

Business email

info@vettedbiz.com

Mailing address

-

State headquarters

-

Key leadership

LemonShark Poké

Phone

+1 (000) 000-00-00

City

-

Zip code

-

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