The funding will help Luna Grill continue its plans to grow to 30 locations by the end of 2015.
November 20, 2014
Luna Grill announced today that the company completed a round of financing from private sources. The new capital will fund the Company's expansion plans over the next two years.
Luna Grill is expanding throughout San Diego and Orange Counties in Southern California, and recently opened its first location outside of California, in Dallas, Texas. With 15 locations currently in operation and an active pipeline of new locations, the company plans to expand to approximately 30 locations by the end of 2015.
"This successful financing gives us the financial flexibility to expand the Luna Grill concept in a meaningful way to new geographies, which we expect to do in a methodical fashion that allows us to stay true to our unique brand of fresh, healthy, authentic Mediterranean cuisine delivered with quality customer care," Co-founder and CEO Sean Pourteymour said in a company press release. "Our talented employees have been committed to providing a quality customer experience and have truly been the ones to establish Luna Grill as an institution in the Southern California region and we are thrilled to expand the concept and our healthy offerings to other regions over the next few years."