Sadot Group (SDOT) Sells Superfit Foods

Sadot Group Inc. (NASDAQ: SDOT) today announced the sale of one of its restaurant assets, Superfit Foods LLC, a subscription-based meal prep concept located in Orange Park, FL, servicing the Jacksonville market.

Michael Roper, CEO of Sadot Group, stated, "We are pleased to announce the sale of Superfit Foods LLC, an important step in our portfolio optimization plan to focus on our strategically advantaged businesses of agri-commodity origination, trading, shipping, and farming. This transaction is the first of three restaurant concepts to be sold from our portfolio and is the first step in our plan to exit the restaurant business. We expect that the divestment of these non-core assets will drive operational savings and simplification along with ensuring our resources are firmly aligned around the highest potential opportunities."

Additionally, as part of the optimization plan, Sadot announced that it has refranchised its final company-owned Muscle Maker Grill (MMG) location in Bronx, NY, thereby lowering corporate G&A expenses and generating royalties for the restaurant division. As a result, the MMG restaurant concept, being a fully franchised concept, is now positioned to potentially attract a wider audience base of interested parties. The Company continues to pursue the divestiture of Muscle Maker Grill along with its 39-unit Pokemoto chain.

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