Kona Grill, Inc. is 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 on the Scottsdale Fashion Square. The restaurant’s predecessor had been a sushi concept called Sushi on Shea that opened in Scottsdale in 1994. Restaurant founder, Michael McDermott, chose to create Kona grill happy hour with more American-themed menu items. The brand new restaurant was developed to have 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 having an initial public offering of $11 per share on the NASDAQ. The organization 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 increase in 14 from its past 15 quarters with the increase of 6.2%, ranking the reasoning 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 spot at Al Seef in Dubai, UAE that November, along with a location in Vaughan, Canada in December 2017. On March 4, 2019, Kona Grill Hired Piper Jaffray to seek 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 using the opening of its fifth Arizona restaurant on Monday, June 12, within the Valley’s most upscale malls. Billed being an American grill and sushi bar, the newest Kona Grill at Scottsdale Quarter ?the 46th branch nationwide ?also will function as the company’s test kitchen for brand new menu items.
We have been so excited to get opening a Kona Grill in one of the top shopping and dining destinations inside the Valley,?said Berke Bakay, the chain’s president and CEO. Located on the northeast side of the sprawling outdoor mall, Kona Grill joins other newcomers: Brown Jordan patio furniture and Flywheel spinning studio.
The restaurant covers an overall of 7,770 sq . ft . of indoor and outdoor space. A water wall feature greets diners in the hostess stand, and also the doors for the patio slide open, bringing the outdoors inside. Dine inside the main dining area with a view of the exhibition kitchen, in the sushi bar or on the patio. The menu offers appetizers, salads, soups, flatbreads, sandwiches, noodle dishes and signature entrees, together with a lengthy listing 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 over a brioche bun.
Peppered tuna tataki roll from Kona Grill.
Peppered tuna tataki roll from Kona happy hour. (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 business? subscriber list, get an offer for any xqdigx appetizer, good at any Kona Grill location. Kona Grill also has branches at Scottsdale Fashion Square Mall, Chandler Fashion Square, San Tan Village in Gilbert and High Street in northeast Phoenix.