Here in Boston, we’re eagerly awaiting the Wahlburgers’ restaurant expansion in and around the Hub. News broke earlier this spring that the Hingham-based burger joint (and subject of the A&E TV network series) will add several new locations, including one in Lynnfield, Mass., as well as another in Boston’s Fenway neighborhood.

According to the Boston Business Journal, CEO Rick Vanzura “scouted more than 40 locations in the Boston area” and finally signed a lease at Lynnfield’s MarketStreet lifestyle center.

Now it looks as though the restaurant’s founders Mark, Donnie and Paul Wahlberg are raising money for their upcoming Lynnfield Wahlburgers location. On August 6, 2014, the founders filed an SEC Form D, seeking angel investment in their new project.

According to the form, the company is seeking $1.4 million in investment. As of August 6, 10 angel investors had already invested a total of $640,000.

Wahlburgers CEO Rick Vanzura tells BostInno that the funds will be used to build and open the Lynnfield restaurant. “The Wahlbergs wanted to give friends and colleagues the opportunity to participate,” Vanzura claims. “We are not involving unknown investors.”

But while Vanzura won’t disclose the investors’ names, he did inform us that “Mark, Donnie and Paul will all have stakes in the restaurant.”

Vanzura explained to BostInno in an email that “restaurants get funded in many different ways; angel investment is not uncommon.” Ed Doyle of Real Food Consulting agrees, telling BostInno that many restaurants seek funding from outside sources. “People who have been very successful on TV and have good visibility can take advantage of that to solicit the broader market … it’s not uncommon at all.”

Boston diners can expect to see the new Wahlburgers joints opening soon. Vanzura adds that they expect both the Wahlburgers locations in Fenway and Lynnfield “to open early-mid second quarter of next year.”

Image courtesy of Wahlburgers