Franchising

Koibito Poke signs 300-unit deal

Provided

January 5, 2022

Koibito Poke, a six-unit concept based in Arizona, has signed a franchise sales agreement with True Capital Partners LLC, which has committed to selling a minimum of 300 locations in eight states over the next five years. The first 120 stores will be in place in the next 24-30 months, according to a company press release.

"Winning in any endeavor is difficult," said founder Todd Stottlemyre, a former MLB pitcher, three-time World Series champion and two-time bestselling author. "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."

Adam Daniel, a spokesperson for True Capital Partners, said the company had been searching for a dining concept that has dealt with the three huge barriers that are devastating the restaurant industry today: Labor shortages, food cost inflation and rent.

"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," he said in the release. "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."

In addition to this franchise sales agreement, Koibito Poke is concentrating on expanding the brand throughout Arizona, Nevada, Utah, New Mexico and Colorado.