Kona Grill


















































Kona Grill Inc.
Type
 Public
Traded as
NASDAQ: KONA
Founded 1998; 21 years ago (1998)
Headquarters
Scottsdale, Arizona
Number of locations
 46[1] (2017)
Areas served
United States, Puerto Rico, Mexico, United Arab Emirates
Key people
 James Kuhn (CEO)
Net income
US$-22m[2] (2016)
Total assets US$108m[2] (2016)
Website konagrill.com

Kona Grill, Inc. is an upscale casual restaurant company based in Scottsdale, Arizona serving American cuisine, sushi, and cocktails.[3] The company owns and operates 46 restaurants in 23 U.S. states and Puerto Rico, as well as three international locations operating under franchise agreements.[4]



History


Kona Grill first opened its doors on September 18, 1998 at 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, decided to create Kona Grill with more American-themed menu items. The new restaurant was made to have a modern ambiance. McDermott sold Sushi on Shea in 2002 to focus on expanding Kona Grill.[5]


Kona Grill went public on August 16, 2005 with an initial public offering of $11 per share on the NASDAQ. The company raised $28.8 million and grew its restaurant base to 9 locations by December 31, 2005.[6][7]


By 2014, Kona Grill had grown to 26 restaurants in 17 states. In 2014, it saw same-store sales growth in 14 out of its past 15 quarters with an increase of 6.2%, ranking the concept in the top quartile of the casual dining segment and marking it as one of the fastest growing restaurants that year. [8][9]


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, and a location in Vaughan, Canada in December 2017.[10][11][12][13][14]



References





  1. ^ Walters, Gwen (12 June 2017). "Now open: Kona Grill adds restaurant, test kitchen to Scottsdale Quarter". Arizona Central. Retrieved 19 August 2017..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ ab Kona Grill Inc Annual Report 2016 (PDF)


  3. ^ Goldstein, Robin S.; Herschkowitsch, Alexis (1 November 2007). "Fearless Critic Houston Restaurant Guide: Brutally Honest Undercover Chefs and Food Writers Rate More Than 400 Places to Eat". Fearless Critic Media. Retrieved 23 May 2018 – via Google Books.


  4. ^ "Kona Grill makes adjustments to increase sales". SanTan Sun News. June 17, 2017. Retrieved July 14, 2017.


  5. ^ "e10vk". www.wikinvest.com. Retrieved 23 May 2018.


  6. ^ https://www.bizjournals.com/kansascity/stories/2005/06/06/daily6.html


  7. ^ Gelsi, Steve. "Kona Grill prices IPO atop range". marketwatch.com. Retrieved 23 May 2018.


  8. ^ "SEC FILING - Kona Grill Inc Form S-3". services.corporate-ir.net. Retrieved 23 May 2018.


  9. ^ Friedman, Nickey. "Will Kona Grill Be the Fastest Growing Restaurant Chain of 2014?". fool.com. Retrieved 23 May 2018.


  10. ^ "New Kona Grill for Canada - Franchise Advice - Global Franchise". www.globalfranchisemagazine.com. Retrieved 23 May 2018.


  11. ^ Feder, Robert D. (23 May 2018). "Valuing Specific Assets in Divorce". Aspen Publishers Online. Retrieved 23 May 2018 – via Google Books.


  12. ^ "Llega Kona Grill a Monterrey". www.elfinanciero.com.mx. Retrieved 23 May 2018.


  13. ^ "Kona Grill". urbanologie.com. Retrieved 23 May 2018.


  14. ^ "10-Q: KONA GRILL INC". marketwatch.com. Retrieved 23 May 2018.




External links


  • Official website



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