Sadot Group Announces Sale of Superfit Foods

FORT WORTH, TX / ACCESSWIRE / August 6, 2024 / Sadot Group Inc. (NASDAQ:SDOT) has announced the sale of Superfit Foods LLC, a subscription-based meal prep service in Orange Park, FL. This marks the first divestment of three restaurant assets in their portfolio.

Michael Roper, CEO of Sadot Group, stated that this move aligns with their strategy to focus on agri-commodity origination, trading, shipping, and farming. The transaction aims to streamline operations and better allocate resources to high-potential opportunities.

Additionally, Sadot Group has refranchised its last company-owned Muscle Maker Grill in Bronx, NY. This move is expected to reduce corporate expenses and generate royalties, potentially increasing its market appeal. The company continues to seek buyers for Muscle Maker Grill and its Pokemoto chain.