Kona Grill, Inc. is an upscale casual restaurant company located in Scottsdale, Arizona serving American cuisine, sushi, and cocktails. The company 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 actually a sushi concept called Sushi on Shea that opened in Scottsdale in 1994. Restaurant founder, Michael McDermott, made a decision to create Kona grill catering menu with additional American-themed menu items. The brand new restaurant was developed to get a modern ambiance. McDermott sold Sushi on Shea in 2002 to concentrate on expanding Kona Grill.
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.
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 with the increase of 6.2%, ranking the concept in the top quartile from the casual dining segment and marking it as 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 perhaps 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 in 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 the opening of their fifth Arizona restaurant on Monday, June 12, within the Valley’s most upscale malls. Billed as an American grill and sushi bar, the new Kona Grill at Scottsdale Quarter ?the 46th branch nationwide ?also will work as the company’s test kitchen for new menu items.
Our company is so excited to become opening a Kona Grill within the top shopping and dining destinations within 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 on the hostess stand, and the doors for the patio slide open, bringing the great outdoors inside. Dine within the main dining room with a look at 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 over a 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 register online for onavore,the company? 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 Street in northeast Phoenix.