Just Poke
Franchising since 2016 · 2 locations
The initial franchise fee is $35,000. Ongoing royalties are 6%. Just Poke currently operates 2 locations (2 franchised). The top SBA 7(a) lenders for Just Poke are KeyBank and U.S. Bank. PeerSense FPI health score: 44/100.
$35,000
2
2 franchised
Proprietary PeerSense metric
FairActive capital sources verified for Just Poke financing
SBA
7(a) Eligible
21d
Avg Funding
P+2.25%
Best Rate
No retainers · Referral fee at closing
FPI Score Breakdown
New/Niche (1-2 loans)
SBA Lending Performance
SBA Default Rate
0.0%
0 of 2 loans charged off
SBA Loans
2
Total Volume
$0.4M
Active Lenders
2
States
1
Top SBA Lenders for Just Poke
What is the Just Poke franchise?
Deciding whether to invest in a fast-casual restaurant franchise is one of the most consequential financial decisions an entrepreneur will make, and the central question is always the same: does this concept align with where consumer behavior is actually going, or is it riding a trend that has already peaked? Just Poke answers that question with a compelling origin story grounded in authenticity. Founded in 2016 by two Seattle natives, Norman Wu and Danny Brawer, the brand was born after a trip to Hawaii inspired the pair to transplant the fresh poke bowl concept to the Pacific Northwest. Operating under the parent company Graceful Bowls LLC and headquartered in Bellevue, Washington, Just Poke built its reputation on sustainably-caught sushi-grade fish, compostable packaging, and a fast-casual experience designed to satisfy health-conscious consumers who refuse to choose between speed and nutritional quality. The chain expanded to 11 stores within its first five years, reached 31 brick-and-mortar locations across western Washington by 2022, and surpassed 35 locations by December 2023, including its first international expansion into Richmond, British Columbia, Canada. As of early 2026, Just Poke reports 32 or more active locations throughout the Puget Sound region with continued growth into British Columbia. The brand's total addressable market spans two high-growth categories simultaneously: the global poke food market, valued at $7.8 billion in 2023, and the broader limited-service restaurant market, valued at $737.31 billion in 2024. For franchise investors, that dual market exposure means Just Poke is not a single-trend bet but a structurally positioned concept sitting at the intersection of health food demand and fast-casual dining growth. This analysis is produced independently by franchise intelligence researchers and is not affiliated with or compensated by Just Poke or Graceful Bowls LLC.
The macroeconomic backdrop for a Just Poke franchise investment is unusually favorable across multiple dimensions simultaneously. The limited-service restaurant market, the broader category in which Just Poke competes, is projected to expand from $737.31 billion in 2024 to $1,214.93 billion by 2032, growing at a compound annual growth rate of 5.71% through 2035. Within that broad market, fast-casual restaurants are identified as the fastest-growing segment, driven by consumers who demand higher ingredient quality and more customization than traditional quick-service restaurants offer but who are unwilling to pay full-service restaurant prices or invest the time a sit-down experience requires. The poke food market specifically is even more dynamic: valued at $7.8 billion in 2023 and projected to reach $12.8 billion by 2032 at a CAGR of approximately 5.66%, with a separate forecast modeling an even more aggressive expansion of $5.2 billion in incremental market value between 2024 and 2029 at a CAGR of 9.9%. The secular tailwinds benefiting Just Poke directly include the rising consumer prioritization of omega-3 fatty acids, lean protein, and fresh produce, all of which are core attributes of a poke bowl. The grab-and-go consumption pattern accelerated significantly during the pandemic and has not meaningfully reversed, reinforcing demand for fast-casual formats that deliver nutritionally complete meals in minutes. North America specifically is expected to see robust poke market growth due to consumer appetite for innovative and healthy food options. The competitive landscape in premium fast-casual poke remains relatively fragmented outside the Pacific Northwest, creating genuine white-space opportunity for a brand with eight years of operational history and a recognized franchise system. The one material headwind to acknowledge is the escalating cost of tuna and other seafood ingredients driven by declining global fish stocks and rising global demand, a supply-side pressure that could compress margins if not managed through disciplined sourcing contracts and menu engineering.
The Just Poke franchise cost structure is designed to be more accessible than full-service restaurant franchises while still representing a meaningful capital commitment that filters for serious operators. The initial franchise fee is a flat $35,000, a figure that sits at the lower end of the fast-casual restaurant franchise fee range, where fees commonly run between $30,000 and $50,000 for established concepts. Importantly, Just Poke offers a 50% discount on the franchise fee for military veterans, reducing the entry cost to $17,500 for qualifying candidates, a meaningful recruiting signal that also reflects the brand's stated people-before-profits philosophy. Total initial investment has evolved as the brand has matured: a December 2022 disclosure cited a range of $186,000 to $299,500, while a more recent February 2026 figure reflects a range of $250,000 to $500,000, an upward revision that likely reflects inflation in construction costs, equipment, and real estate, as well as the expansion of the brand into higher-cost markets beyond its original Seattle base. This investment covers the franchise fee plus real estate, equipment, supplies, business licenses, and working capital. Liquid capital requirements are set at a minimum of $150,000, and net worth requirements are generally cited in the range of $200,000 to $500,000, with some sources specifying a $250,000 floor, positioning Just Poke as a mid-tier franchise investment rather than an ultra-premium concept that demands seven-figure net worth. Ongoing fees consist of a 6.0% royalty on gross sales and a 1.0% advertising fund contribution, for a combined ongoing fee burden of 7.0% of gross revenue. That combined rate is consistent with the fast-casual restaurant franchise category average, where royalties typically range from 4% to 8% and ad fund contributions add 1% to 3%. The overall Just Poke franchise investment thesis benefits from a structurally lean operating model: because poke bowls are assembled rather than cooked, Just Poke locations do not require full commercial kitchens, which meaningfully reduces both the upfront build-out cost and ongoing overhead compared to traditional restaurant franchises.
The daily operating reality of a Just Poke franchise is significantly simpler than most food-service businesses of comparable revenue potential. Because the menu is built around fresh fish, rice, and assembled toppings rather than cooked-to-order entrees, the kitchen footprint is compact, ventilation and hood requirements are minimal, and food preparation workflows are streamlined enough to operate efficiently with fewer employees than a traditional restaurant of equivalent volume. This operational simplicity is a core part of Just Poke's franchise value proposition, allowing new owners to train staff more quickly, reduce labor costs per transaction, and serve high customer volumes during peak lunch and dinner windows with a lean team. The corporate team provides assistance with site selection and lease negotiation, a critical support function given that location quality is the single most important variable in fast-casual restaurant performance. Training programs are comprehensive, covering food preparation standards, customer service protocols, food safety compliance, and restaurant management, and the company maintains an open-door policy for ongoing inquiries from franchisees. Continuous operational support is provided after opening, supplemented by brand awareness initiatives, marketing assistance, and construction guidance. Just Poke has also invested in format diversification to expand the addressable real estate universe for franchisees: in addition to traditional inline and micro-format stores, the brand has introduced Catch by Just Poke, a flexible-format concept designed for non-traditional and high-traffic environments, including a partnership with Walmart. The Just Poke Market format, which places branded locations inside Wow Wow Lemonade establishments in California, Arizona, Florida, and Texas, represents a co-tenancy model that reduces standalone real estate risk while accelerating geographic expansion. Franchisees are not required to have prior restaurant industry experience, but demonstrated ability to lead teams, engage local communities, and follow a proven operational system is emphasized in the brand's candidate profile.
Item 19 financial performance data is not disclosed in the current Franchise Disclosure Document for Just Poke based on the database record reviewed for this analysis. This is a material consideration for prospective investors conducting due diligence, as Item 19 disclosure is voluntary under FTC franchise rules, and its absence means franchisees cannot rely on the FDD alone for revenue projections. However, Just Poke has made average unit revenue data available through other public channels: the brand reported an average unit revenue of $902,587 for 2022, a figure that provides a meaningful benchmark for investment modeling. At $902,587 in average annual gross revenue, applying the 6.0% royalty rate produces an estimated royalty payment of approximately $54,155 per year per location. Combined with the 1.0% advertising fund contribution of approximately $9,026, total ongoing fee obligations at the average revenue level would be approximately $63,181 annually. Industry benchmarks for fast-casual restaurant operating margins typically fall between 10% and 18% before owner compensation, suggesting that a location performing at the $902,587 average revenue level could generate pre-owner-draw operating income somewhere between $90,000 and $162,000, though actual results will vary materially based on rent, labor market, local competition, and operator execution. With a total initial investment range of $250,000 to $500,000, a hypothetical payback period at average revenue and mid-range margin assumptions falls between two and five years, which is consistent with well-performing fast-casual franchise concepts across the category. Investors should note that 2022 average revenue data predates the brand's current scale of 35-plus locations and its entry into new formats and geographies, and should request the most current Item 19 data directly from Just Poke during the formal FDD review process with a qualified franchise attorney.
Just Poke's unit growth trajectory over its eight-year operating history is one of the more compelling data narratives in the Pacific Northwest franchise market. From its 2016 founding, the brand reached 11 stores within five years, then accelerated sharply to 31 locations across western Washington by 2022, representing a pace of roughly four to five net new units per year in the early expansion phase. A 2022 data point noted 15 total units with four new openings in that calendar year alone, while the brand reported 31 brick-and-mortar locations later the same year, suggesting either rapid mid-year expansion or differing counting methodologies across sources. By December 2023, the location count surpassed 35, including the debut Canadian location in Richmond, British Columbia. The brand's projection to exceed 40 restaurants by 2026 is supported by its appearance on 1851 Franchise's 2026 Fastest Growing Emerging Franchises list and the award of more than eight new franchise units in the twelve months leading into February 2026. Co-founder Norman Wu was named to the Puget Sound Business Journal's 40 Under 40 list, and the brand has been recognized on Entrepreneur Magazine's Top New Franchises, Top Food Franchises, and Top 50 Franchise Companies lists, the latter specifically for championing diversity, equity, and inclusion in the workplace. Just Poke's competitive moat is built on several reinforcing advantages: a Surfrider Foundation certification as an ocean-friendly restaurant, sustainably-caught sushi-grade fish sourcing, recycled construction materials and energy-efficient lighting in store buildouts, and a brand identity that resonates with the Pacific Northwest's environmentally conscious consumer base. The 2024 menu refresh introduced chef-inspired proteins, new sauces, and signature bowls developed through collaborations with local and national chefs, influencers, and fitness instructors. The Kraken Bento, launched in partnership with the Seattle Kraken NHL franchise, features rotating quarterly chef-inspired specials and crispy Kraken rice, deepening the brand's roots in Seattle's sports and entertainment culture. Just Poke is also present at T-Mobile Park and Climate Pledge Arena, giving the brand premium venue visibility that supports both consumer awareness and catering revenue opportunities for franchisees.
The ideal Just Poke franchise candidate is an energetic, community-engaged operator who is more interested in leading a team and growing a local brand presence than in reinventing a concept from scratch. Prior restaurant industry experience is beneficial but not required, as the brand's operational simplicity and comprehensive training infrastructure are specifically designed to onboard candidates from adjacent business backgrounds. Just Poke's emphasis on a people-before-profits philosophy, which includes commitments to fair wages, healthcare, training, and mentorship for hourly employees, means that franchisees who share those values will find stronger cultural alignment and likely better staff retention outcomes. The brand's multi-format expansion strategy, spanning traditional inline stores, micro-format locations, Catch by Just Poke flexible-format units, and Just Poke Market co-tenancy sites, means that territory and format options are more varied than in a single-format franchise system, and candidates should evaluate which format aligns with their available capital, preferred geography, and targeted customer demographics. Geographically, the brand's core strength remains in western Washington and the Puget Sound region, with active expansion into British Columbia and early-stage U.S. market penetration through the Just Poke Market concept in California, Arizona, Florida, and Texas. Franchisees interested in the core Pacific Northwest markets will be entering an established brand environment with meaningful consumer recognition, while those exploring southern U.S. or Canadian markets will be entering at an earlier brand-building stage. The company's ambitious projection of exceeding 40 locations by 2026, alongside its recognition on multiple emerging franchise growth lists, suggests that prime territories in growth markets are being awarded actively, making timing a relevant consideration for serious candidates. The brand also recommends that franchisees explore catering services as a revenue enhancement strategy, which could meaningfully supplement in-store sales particularly in markets with active corporate campuses and event venues.
For investors conducting serious due diligence on health-focused fast-casual restaurant franchises, Just Poke presents a franchise opportunity that combines an authentic founding story, a documented track record of unit growth, and alignment with two of the most durable consumer macro trends of the current decade: the demand for fresh, protein-rich, customizable meals and the preference for fast-casual dining formats over both traditional fast food and full-service restaurants. The brand's $902,587 average unit revenue figure, $35,000 initial franchise fee with veteran discounts available, and total investment range of $250,000 to $500,000 position it as an accessible mid-market entry into the $7.8 billion global poke food category and the $737.31 billion limited-service restaurant market. The FPI Score of 44 assigned to Just Poke in the PeerSense database reflects a Fair rating that warrants thoughtful analysis rather than either automatic enthusiasm or dismissal, and underscores why independent research is essential before signing a franchise agreement. PeerSense provides exclusive due diligence data including SBA lending history, FPI score, location maps with Google ratings, FDD financial data, and side-by-side comparison tools that allow investors to benchmark Just Poke against comparable fast-casual and poke-category franchise concepts across every financial and operational dimension. The brand's recognition on Entrepreneur's Top New Franchises and Top Food Franchises lists, its Surfrider Foundation ocean-friendly certification, its Seattle Kraken partnership, and its multi-format expansion into Walmart and co-branded Wow Wow Lemonade locations all signal a management team that is actively investing in the brand's long-term competitive position rather than simply collecting royalties. Explore the complete Just Poke franchise profile on PeerSense to access the full suite of independent franchise intelligence data.
FPI Score
44/100
SBA Default Rate
0.0%
Active Lenders
2
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Just Poke based on SBA lending data
SBA Default Rate
0.0%
0 of 2 loans charged off
SBA Loan Volume
2 loans
Across 2 lenders
Lender Diversity
2 lenders
Avg 1.0 loans per lender
Just Poke — Deep SBA Data
Brand-specific metrics derived directly from SBA 7(a) approval records — peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2023
2 approvals — best year on record for Just Poke.
Top SBA State
Washington
2 SBA-financed Just Poke locations — the densest operator footprint.
Average Loan Size
$195K
Median $195K — use as a sizing anchor when modeling your own $Just Poke unit.
Lender Concentration
100%
Concentrated
Share of Just Poke approvals captured by the top 3 SBA lenders.
Just Poke's SBA lending pipeline peaked in 2023 (2 approvals). The last five fiscal years account for 100% of cumulative volume ($390K approved). Operator density is highest in Washington with 2 SBA-financed locations. Average funded ticket sits at $195K, with the median at $195K. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals — credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$5,176
Principal & Interest only
Locations
Just Poke — unit breakdown
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