Operators of the San Diego-headquartered Luna Grill restaurants have secured nearly $30 million in financing to aid its ongoing growth strategy. The fast-casual eatery has 29 current locations, with another 18 in the pipeline for 2017.
A statement from Luna Grill Restaurants LLC said the financing was obtained from CapitalSpring, a private investment firm focused solely on the branded restaurant sector. W Partners was the investment banking advisor in the transaction.
Luna Grill officials announced that the company also recently relocated to a new 10,500-square-foot headquarters office at 13520 Evening Creek Drive North Suite 400-A in Carmel Mountain Ranch, after outgrowing its former office at University Towne Center. Officials said the new headquarters is more than double the size of the prior location.
The company was founded in 2004 by Sean and Maria Pourteymour, with Sean currently serving as CEO. Nearly 40 employees are now based at the new headquarters, supporting 700 employees at restaurants in San Diego, Orange, Riverside and Los Angeles counties, as well as the Dallas-Fort Worth metro area in Texas.
Luna Grill serves Mediterranean-style cuisine, including kabobs, salads and wraps.
Additional stories from the San Diego Business Journal are available here. Sign up for their free daily email newsletter.
