After 2 years in business for Everbowl, the company has secured $3 Million in funding. The funding comes from Toronto-based private equity group, Serruya Private Equity. Serruya also played a big role in the success of other brands like Pinkberry, Jamba Juice, and Cold Stone Creamery.
Everbowl will use the funding to help support its aggressive 2019 expansion. The company plans to open 45 locations in 2019. These 45 new spots will add to the 17 currently open. Expansion plans will start in California with potential entry into states like Arizona and Nevada.
“We are thrilled to be working with SPE and IFI to help fuel our growth. They have a proven track record of massive success working with other brands,” says Everbowl Founder & CEO, Jeff Fenster.
With over 300 employees, Everbowl looks to add 15-20 new employees with each new location. Everbowl is definitely on trend when it comes to healthier eating. It will be interesting to watch and see what happens as the concept moves outside of California!