Kona Grill, Inc. is surely an upscale casual restaurant company based in Scottsdale, Arizona serving American cuisine, sushi, and cocktails. The business owns and operates around 40 restaurants in 23 U.S. states and Puerto Rico, in addition to 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, decided to create Kona grill hours with more American-themed menu items. The newest restaurant was created 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 with an 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 increase in 14 out of its past 15 quarters with the increase of 6.2%, ranking the concept inside the top quartile of the casual dining segment and marking it as one of 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, and a location in Vaughan, Canada in December 2017. On March 4, 2019, Kona Grill Hired Piper Jaffray to find a merger or even 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 larger share of dining dollars with the opening of the fifth Arizona restaurant on Monday, June 12, within the Valley’s most upscale malls. Billed as an American grill and sushi bar, the newest Kona Grill at Scottsdale Quarter ?the 46th branch nationwide ?also will serve as the company’s test kitchen for brand new menu items.
Our company is so excited to become opening a Kona Grill at 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 garden furniture and Flywheel spinning studio.
The restaurant covers a total of 7,770 square feet of outdoor and indoor space. A water wall feature greets diners in the hostess stand, and the doors to the patio slide open, bringing the outdoors inside. Dine in the main dining-room having 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 set 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 menu. (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 for 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.