Poke Bar Dice & Mix Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$157,800 - $438,000
Franchise Fee
$30,000
Total US Locations
51
Business Summary
Poké Bar Dice & Mix operates quick-service restaurants that primarily sell poké bowls to the general public. Franchisees establish and operate these restaurants under the Poké Bar brand, logos, trademarks, and business methods.
Corporate History
JB Brothers, Inc., doing business as Poké Bar Dice & Mix, was incorporated in California on January 6, 2015, by co-founders Jason Park and Jeong Hi Ju. The company began operating Poké Bar restaurants on April 1, 2015, and started offering franchises for sale in July 2016.
Financial Overview
Investment Range
$157,800 - $438,000
Franchise Fee (Low)
$30,000
Franchise Fee (High)
$30,000
Royalty %
6%
Marketing %
1%
Equipment Costs (Low)
$69,000
Equipment Costs (High)
$260,000
Working Capital
$55,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The franchisor's financial condition, as shown in its financial statements, raises questions about Poké Bar Dice & Mix's ability to provide services and support to its franchisees.
Financing Details
Poké Bar Dice & Mix does not offer any direct or indirect financing options to its franchisees. Additionally, it does not guarantee any notes, leases, or other financial obligations that franchisees might have with third parties.
Performance Metrics
Total US Locations
51
Franchised Units
32
Corporate Units
19
Avg Square Footage
1,200
Franchising Since
2016
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Count
1
Litigation Summary
Poké Bar Dice & Mix, along with Jason Park, Jeong Hi Ju, and Yoon Ho Ju, were involved in one lawsuit filed in 2019 by former franchisees, Fusion Capital 1, LLC and Fusion Capital 2, LLC. The lawsuit, filed in the United States District Court for the District of Maryland, alleged violations of Virginia and Maryland franchise registration laws and common law fraud. The Defendants' Motion to Dismiss Complaint was granted on April 13, 2020, and the case has since been closed.
Bankruptcy History
Poké Bar Dice & Mix has no bankruptcy history to disclose.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their Poké Bar Dice & Mix franchise, franchisees must provide written notice of their intent to renew between 90 days and 1 year before their current term expires. They must be in substantial compliance with their franchise agreement, including any updated standards for décor, signage, or equipment. Additionally, none of the franchisee's members should have felony convictions or crimes involving moral turpitude, consumer fraud, or any other offense that could negatively impact the Poké Bar brand. A renewal fee of $10,000 is also required.
Training & Support Program
Franchisor Assistance
Poké Bar Dice & Mix provides franchisees with various forms of assistance throughout the franchise lifecycle. Before opening, Poké Bar helps with designating a non-exclusive area and provides criteria for site selection, reviewing and approving the franchisee's proposed location and lease agreement. The franchisor provides written specifications for remodeling, equipping the location, and necessary blueprints. Initial training is provided for up to 10 days, typically for one senior trainer, covering food preparation, sales, maintenance, customer service, and record-keeping. Franchisees also receive a copy of the Confidential Operations Manual. After opening, Poké Bar offers ongoing guidance and consultation by phone, email, and newsletters on operational methods, accounting, and marketing strategies. They may also conduct site visits and prepare reports with suggestions for improvement, offer additional training as needed, and approve local advertising materials. Franchisees also receive updates to the Operations Manual.
Initial Training Hours
80
Training Location
Corporate location Los Angeles
Ongoing Support
After a Poké Bar Dice & Mix restaurant opens, the franchisor provides ongoing support through periodic advice and general guidance via telephone, email, fax, and newsletters. Franchisees receive consultation, assistance, and guidance on various operational and management aspects, including potential written reports with suggestions for improvement. Operations assistance and ongoing training are made available as deemed necessary by the franchisor. Additionally, franchisees receive modifications to the Confidential Operations Manual as they are updated.
Franchise Requirements
Ideal Candidate Profile
Poké Bar seeks franchisees who meet their financial, professional, operational, and other standards, and are willing to operate in a market where the brand wants to be represented. Ideal candidates should demonstrate they meet educational, personal, managerial, and business standards, possess good moral character and a good business reputation. They must have the aptitude and ability to conduct the franchised business, as shown by prior related experience, and possess adequate financial resources and capital. Franchisees need to be financially responsible with a good credit rating and have the ability to obtain any required liquor licenses. Poké Bar looks for individuals who are likely to comply with the terms of the franchise agreement and operating manuals, and who have no direct or indirect connection with any actual or potential competitor. While personal participation in daily operations is not strictly required, a qualified Designated Manager must be appointed and successfully complete initial training.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
Absentee Allowed
Territory Type
Non-Exclusive
Staffing Notes
Poké Bar Dice & Mix requires franchisees to either personally manage the restaurant or appoint a "Designated Manager" who will be responsible for its operation. This Designated Manager must successfully complete the initial training program before the restaurant opens, and will be qualified to train other store-level managers and employees. All employees, including the Designated Manager, who have access to trade secrets or confidential information, will be required to sign non-disclosure and non-competition agreements. The franchisor also provides training on hiring procedures and specific training for both back-of-house (prep cook) and front-of-house staff, including Point of Sale (POS) system operation. The number of employees hired and their pay rates will affect operating costs.