The Habit Burger Grill was founded on November 15, 1969 in Santa Barbara, California as a family-owned business. In 2007, it was purchased by KarpReilly, a private equity firm that began to rapidly expand the chain, including franchising. Multiple newspapers reported in 2013 that Habit Burger LLC, the parent company to the chain, was planning an IPO. On November 19, 2014 the company raised $83. 7 million in an initial public offering (IPO).
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