Veggie Grill, the popular West Coast restaurant concept known for craveable, plant-based food, has completed its fourth successful round of equity funding, supporting its continuing rapid expansion. Armed with 16% same-store-sales growth, a more than doubling of restaurant locations in the most recent year, and strong investor confidence, the company quickly secured the $20 million common stock funding from both current shareholders and new investors. Chief Energizing Officer Greg Dollarhyde confirmed that the company is on track to double store count again within the next 18 months.
A substantial part of the capital raise came from California-based Brentwood Associates, a leading private equity firm experienced in successful restaurant investing. Dollarhyde added, “”We are fortunate to have this sizable interest and commitment from Brentwood. They are truly building an expertise and experience base in our industry and we look forward to enjoying the benefit of their counsel for years to come. ”
For more information about Veggie Grill visit www.veggiegrill.comand become a fan on Facebook www.facebook.com/veggiegrill.
posted by Anna Nguyen