Luna Grill to expand after securing $30M financing
SAN DIEGO – San Diego-based Luna Grill announced Wednesday that it is moving its headquarters to Carmel Mountain Ranch and plans to add 18 locations next year.
The chain, which specializes in Mediterranean cuisine, will locate nearly 40 employees at 13520 Evening Creek Drive N. The offices are twice as large as the previous headquarters.
The planned new eateries will expand the number of locations by nearly two-thirds. The growth is being funded with almost $30 million in financing from CapitalSpring, a private investment firm.
“We have seen too many operators expand too quickly without the back- end infrastructure and knowledge in place to guide growth,” said Luna Grill co- founder and CEO Sean Pourteymour.
“As a result, we have always been very strategic with our growth strategy, mindfully adding the infrastructure and executive team required to manage our expansion in a successful manner,” Pourteymour said. “Now, that time is here and we have simply outgrown our previous corporate headquarters.”
The company operates 29 restaurants in Southern California and Texas.