Southern California

Everbowl Secures $3 Million in Funding from Serruya Private Equity

The company plans to use the funding towards in 2019 expansion plan in California and possibly to other states in the region

San Diego-based Everbowl, a craft superfood chain founded in 2016 with 17 stores in Southern California, has secured $3 million in funding from Toronto-based private equity firm, Serruya Private Equity, by way of its subsidiary, International Franchise Inc.

According to a press release, the company will use the funding towards its 2019 expansion plan in California and possibly entering the Arizona, Nevada market along with other states in the region.

Jeff Fenster, CEO of Everbowl, at the company’s Scripps Ranch store. Fenster says he sells more than 55,000 bowls a month at his locations.

The growth will include the opening of as many as 45 locations this year as well as the hiring of 15-20 employees per store.

In the past, Serruya Private Equity has worked with companies like Pinkberry, Jamba Juice, Yogen Fruz and Cold Stone Creamery among others.

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