Kona Grill, Inc. is surely an upscale casual restaurant company situated in Scottsdale, Arizona serving American cuisine, sushi, and cocktails. The organization owns and operates around 40 restaurants in 23 U.S. states and Puerto Rico, along with three international locations operating under franchise agreements.
Kona Grill first opened its doors on September 18, 1998 in the Scottsdale Fashion Square. The restaurant’s predecessor was a sushi concept called Sushi on Shea that opened in Scottsdale in 1994. Restaurant founder, Michael McDermott, chose to create Kona grill menu prices with increased American-themed menu items. The brand new restaurant was made to get a modern ambiance. McDermott sold Sushi on Shea in 2002 to pay attention to expanding Kona Grill.
Kona Grill went public on August 16, 2005 with the initial public offering of $11 per share on the NASDAQ. The business raised $28.8 million and grew its restaurant base to 9 locations by December 31, 2005.
By 2014, Kona Grill had grown to 26 restaurants in 17 states. In 2014, it saw same-store sales development in 14 away from its past 15 quarters having an increase of 6.2%, ranking the idea inside the top quartile in the casual dining segment and marking it among the fastest growing restaurants that year.
In August 2017, Kona opened its first international franchise location at Fashion Drive in Monterrey, Mexico. It opened a location at Al Seef in Dubai, UAE that November, as well as a location in Vaughan, Canada in December 2017. On March 4, 2019, Kona Grill Hired Piper Jaffray to find a merger or the sale of Kona Grill. On April 30, 2019, Kona Grill filed for Chapter 11 bankruptcy protection.]
Corporate – On March 21, 2019, Shawn Hassel took a seat on the Board of Directors as Chair of the Company’s Strategic Alternatives Committee. On March 27, 2019, Kona Grill’s Executive Chairman Berke Bakay resigned. A federal bankruptcy court has approved the sale of 24 Kona Grill polished-causal restaurants for $20.3 million to Williston Holding, reported by Restaurant Business on July 26, 2019.
Scottsdale-based Kona Grill hopes to capture a greater share of dining dollars with all the opening of their fifth Arizona restaurant on Monday, June 12, in one of the Valley’s most upscale malls. Billed being an American grill and sushi bar, the brand new Kona Grill at Scottsdale Quarter ?the 46th branch nationwide ?also will work as the company’s test kitchen for brand new menu items.
Our company is so excited to be opening a Kona Grill in one of the top shopping and dining destinations within the Valley,?said Berke Bakay, the chain’s president and CEO. Located on the northeast side from the sprawling outdoor mall, Kona Grill joins other newcomers: Brown Jordan garden furniture and Flywheel spinning studio.
The restaurant covers a total of 7,770 sq ft of indoor and outdoor space. A water wall feature greets diners on the hostess stand, and the doors to the patio slide open, bringing the outdoors inside. Dine within the main dining-room with a view of the exhibition kitchen, at the sushi bar or on the patio. The menu offers appetizers, salads, soups, flatbreads, sandwiches, noodle dishes and signature entrees, together with a lengthy list of sushi options.
Signature dishes include:
Macadamia nut-crusted chicken served with mashed potatoes, vegetables, shoyu (soy) cream sauce and pineapple-papaya marmalade.
Pan-seared tuna with white rice, baby bok choy and sweet chile sauce.
Big Kahuna burger, a 12-ounce patty with caramelized onion, Cheddar cheese, lettuce and tomato on the brioche bun.
Peppered tuna tataki roll from Kona Grill.
Peppered tuna tataki roll from Kona grill. (Photo: Tonic Photo Studios Images)
Signature sushi includes:
Picasso roll with spicy yellowtail, avocado, jalape?ilantro relish, togarashi (Japanese chile pepper seasoning), Sriracha and yuzu ponzu.
Jalape??ellowtail sashimi with cilantro and yuzu ponzu.
Salmon wasabi sashimi with fresh wasabi root, pickled onions, cucumber salad and yuzu ponzu sauce.
Guests who sign up online for onavore,the company? email list, receive an offer to get a xqdigx appetizer, great at any Kona Grill location. Kona Grill also offers branches at Scottsdale Fashion Square Mall, Chandler Fashion Square, San Tan Village in Gilbert and High Street in northeast Phoenix.