TL;DR
CapitalSpring invests nearly $30 million in Luna Grill's finances to support the brand's growth strategy. Luna Grill will use the investment to expand and relocate corporate offices and advance its growth strategy.
Chad Spaulding, managing director at CapitalSpring, expressed to QSR Magazine how he was immediately impressed with how Luna Grill co-founder and CEO Sean Pourteymour was able to create a world-class team and culture that has allowed for rapid growth while maintaining financial results.
With the help of CapitalSpring’s proceeds, Luna Grill was able to expand and relocate corporate offices thanks to its strategic infrastructure and further advance the company’s successful growth strategy.
"Our growth has been measured and strategic, and we wanted a financing partner who understood our needs and mindset. We chose CapitalSpring based on their team’s expertise in the restaurant industry, accessing their wealth of knowledge and resources as we continue to branch into new markets—the type of invaluable information you just don't get from a large financial institution," said Luna Grill co-founder and CEO Sean Pourteymour.
In this story
This story was originally published in 1851 Franchise on March 16, 2021. Burnaze summarizes and links to the original reporting.
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