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Start-up led by ex-Lululemon CEO planning IPO?

Is a public offering in the cards for Luvo, a healthy foods start-up headed by former Lululemon CEO Christine Day?

The company is currently recruiting a chief financial officer who would "lead fundraising for an IPO," one potential financing option Luvo is considering, Steve Sidwell, its founder and president, confirmed Thursday in a phone interview.

Luvo's Orange Mango Chicken with whole grains, kale and broccoli
Source: Luvo
Luvo's Orange Mango Chicken with whole grains, kale and broccoli

"As any smart company that's growing as fast as we are, we are preparing for all financing options in the future, including private equity, strategic and an IPO," said Sidwell, who is also CEO of boutique investment banking firm Devante Capital.

(Read more: Why Christine Day chose Luvo)

Sidwell was interviewed by phone by CNBC to elaborate on an ad placed by the Vancouver, British Columbia-based company seeking a CFO whose duties will include "lead fund raising for IPO" and will be someone who "enjoyed your prior experience as a CFO of a publicly traded company."

All potential options are "three to five years away," Sidwell said. "Preparing for any of these financing options is a part of building the team right now."

(Read more: Skip the tip,restaurant CEO says)

Luvo began as "Lyfe Kitchen" last year as the retail arm of Lyfe Kitchen, a restaurant chain serving healthy meals that launched in 2011. Luvo meals, which are free of artificial ingredients and transfats, are available at more than 6,000 locations of several large retailers, including Target, Publix, Safeway, Fred Meyer, ShopRite, Amazon and HSN.com.

Luvo, whose foods became available nationwide in November, has raised more than $25 million from such investors as Sidwell and Day and other high-net worth individuals, including New York Yankee Derek Jeter and actress Jennifer Garner.

Day is no stranger to accelerated growth at companies, having spent two decades at Starbucks before leading yoga apparel-maker Lululemon through a period of fast-paced growth.

—By CNBC's Katie Little. Follow her on Twitter @KatieLittle.

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