The In Da Club hitmaker was hoping Jones would lend his expertise to help launch English pub-style diners in the U.S., saying "Vinnie would be ideal."
But Jones would rather go into business with his Snatch co-star Statham - and he's keen to kick-start the business venture in Los Angeles.
He says, "Me and Jay (Statham) have been talking about it for about a year. We were thinking The Snatch Bar or something like that down in Santa Monica. We're going to do it, it's just a question of us finding the time.
"Jay has been working so much and so have I. The pubs will happen. We had a great spot right opposite the pier in Santa Monica. They just wanted too much rent. Me and Jay went to look at it and we had three other investors, all Brits."