A Boston-based burger chain has plans to expand, but not before raising $15 million in equity. Tasty Burger filed with the SEC indicating that the chain has raised $2.6 million so far, The Boston Globe reported, which will be used for these future (but as yet unspecified) plans.
With five locations in the Boston area, including its most recent addition in Dudley Square, Tasty Burger has steadily grown since it was first founded in 2010. The chain has restaurants in Fenway, Harvard Square, Back Bay, and Southie — and a new location in Washington, D.C. coming soon, which will be the first Tasty Burger outside of Massachusetts.
Tasty Burger is part of The Franklin Restaurant Group, which includes The Franklin Cafe and Citizen Public House. Phil Audino, a partner, chef, and CFO of the group, told the Globe that the company was reorganizing to raise funds for future expansions, but he did not share further details of what those expansions may entail.