1851

In what has been a tumultuous year filled with <a href="https://1851franchise.com/kona-grill-announces-two-co-ceo-s-2708403" style="text-decoration-line:none" target="_blank">multiple leadership changes</a> and a <a href="https://www.nrn.com/casual-dining/kona-grill-files-chapter-11-bankruptcy-protection?utm_source=1851franchise.com&utm_medium=article&utm_campaign=two-former-kona-grill-ceos-team-up-in-bid-for-the-brand-2710043" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">bankruptcy filing</a>, Kona Grill is up for sale. <a href="https://www.nrn.com/casual-dining/two-former-ceos-team-kona-grill-bid?NL=NRN-02_&amp%3BIssue=NRN-02__20190523_NRN-02__257&amp%3Bsfvc4enews=42&amp%3Bcl=article_1_2&amp%3Butm_rid=CPG06000007795822&amp%3Butm_campaign=30641&amp%3Butm_medium=email&amp%3Belq2=3cef2c331d0a4d8f8625b4685bfa056d&utm_source=1851franchise.com&utm_medium=article&utm_campaign=two-former-kona-grill-ceos-team-up-in-bid-for-the-brand-2710043" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">And according to a recent article in Nation&rsquo;s Restaurant News</a>, two of the casual dining chain&rsquo;s former CEOs are seeking to purchase the brand. 

Per NRN, court findings revealed that former CEO Berke Bakay, who left the brand in August 2018, has joined forces with (other) former CEO Marcus Jundt, who resigned in March, in Jundt&rsquo;s &ldquo;stalking horse&rdquo; bid to buy Kona Grill.

Jundt&rsquo;s Williston Holding filed its asset purchase agreement for $20.3 million, plus the assumption of $7.1 million in liabilities, the article notes. Now, Bakay&rsquo;s BBS Fund has loaned Williston Holding more than $2 million as part of the asset purchase agreement.

Read the full story <a href="https://www.nrn.com/casual-dining/two-former-ceos-team-kona-grill-bid?NL=NRN-02_&amp%3BIssue=NRN-02__20190523_NRN-02__257&amp%3Bsfvc4enews=42&amp%3Bcl=article_1_2&amp%3Butm_rid=CPG06000007795822&amp%3Butm_campaign=30641&amp%3Butm_medium=email&amp%3Belq2=3cef2c331d0a4d8f8625b4685bfa056d&utm_source=1851franchise.com&utm_medium=article&utm_campaign=two-former-kona-grill-ceos-team-up-in-bid-for-the-brand-2710043" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here</a>. 

Image Source: Kona Grill

Two Former Kona Grill CEOs Team Up in Bid for the Brand

1851 Franchise

Berke Bakay is joining forces with Marcus Jundt in an effort to buy the troubled casual dining brand, court filings say.

two-former-kona-grill-ceos-team-up-in-bid-for-the-brand

Right at Home

Corporate Leader Turned Successful Franchisee: Donn Kramer’s 10-Year Journey With Right at Home

donn-kramer-right-at-home-franchise-success

United Water Restoration Group

After a High-Stakes Career in Finance, This First-Time Franchise Owner Found His Next Chapter With United Water Restoration Group

after-a-high-stakes-career-in-finance-this-first-time-franchise-owner-found-his-next-chapter-with-united-water-restoration-group

Lyricos Learning

IDEA Lab Kids - Santa Ana USD Partnership - STEAM Education - 1851 Franchise

How a Groundbreaking Partnership Between Santa Ana USD and IDEA Lab Kids Is Transforming STEAM Education

idea-lab-kids-steam-on-demand-santa-ana-usd-partnership

Woodhouse Spas

Why This Franchisee Continues To Invest in and Scale With Woodhouse Spas

why-this-franchisee-continues-to-invest-in-and-scale-with-woodhouse-spas

Sola Salons

 How Creighton University Values Shaped Nicole Neesen’s Journey as a Sola Salons Franchisee

From Law School to Salons: How Creighton University Values Shaped Nicole Neesen’s Journey as a Sola Salons Franchisee

sola-salons-franchisee-nicole-neesen-creighton-values

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Dave’s Hot Chicken Sold to Roark Capital in $1 Billion Deal to Fuel Global Expansion

daves-hot-chicken-sold-to-roark-capital-in-1-billion-deal-to-fuel-global-expansion

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises - 1851 Franchise

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises

homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises

Restaurant Business: Crumbl Cools Its Expansion, Refocuses on Profitability

restaurant-business-crumbl-cools-its-expansion-refocuses-on-profitability

District Taco Franchise Costs, Fees, Profit and Data for 2025

franchise-deep-dive-district-tacos-franchise-costs-fees-profit-and-data

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

Franchisee spotlight graphic with photo of Ed Holmes and Papa Murphy's logo

Thirty Years of Take ‘n’ Bake: Ed Holmes Reflects on a Lifetime With Papa Murphy’s

papa-murphys-franchise-ed-holmes-30-years

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

paris-baguette-franchise-rockaway-new-jersey-vishal-junjea

911 Restoration Franchise Costs, Fees, Profit and Data for 2025

911-restoration-franchise-deep-dive

Two Former Kona Grill CEOs Team Up in Bid for the Brand

MORE STORIES LIKE THIS