Dave’s hot chicken, which began in 2017, announced on Monday that it was acquired by the private equity firm (and subway owner) Rorak Capital in a $ 1 billion deal.
Chicken shop, which specializes in a hot, Nashville-style of bird, expects to open 155 places this year and finishes 2025 with 400 restaurants worldwide, According to a press release,
It is not bad for a company that began with a group of childhood friends in Eastern Hollywood, California, parking lots.
Connected: ‘It was like a medicine’: How Dave’s hot chicken developed a creed from a parking lot
Bill Phelps, CEO of Dave’s hot chicken, said, “This is one of our great entrepreneurship trips, and now we start the next chapter in the story.” “Our entire organization is excited about Fit between Dave’s hot chicken and Rork, and we are eager to blow up our guests to blow up the minds of our guests and to move forward for our franchise partners to unlock the development and value.”
As Data from Placer.ai, “Big Chicken” is on the up, and the Dave’s hot chicken was the leader of the herd, with “the most important” year-on travel growth (67.2% in Q4 2024 and 60.0% in Q1 2025 of all chicken chains), with enhancing Hui Magu, Super Chicks and Carc.
Dave Kopusian, the name “Dave” in the name is one of the founders and the chef which was now started sliding the famous hot chicken using the portable fryers and folding tables. They told entrepreneur The company’s sharp success in 2022 is making him even more difficult.
“You just have to appear for all this,” said Kopusian. “And you have to trust your product and use that inspiration.”
Connected: Private equity giants Blackstone receives Jersey Mike Subsida for $ 8 billion
In 2019, Dave started franchising, and the company says it has sold rights to more than 1,000 places in the US, Middle East and Canada.
Ror is located in Atlanta and specializes in franchiseed businesses, According to APBought it Subway sandwich In 2023 and up to Jimmy John’s Jamba Juice, a sleep of restaurant chains.
Hot Chicken Sliders of Dave – Courtesy of Dave’s Hot Chicken
Dave’s hot chicken, which began in 2017, announced on Monday that it was acquired by the private equity firm (and subway owner) Rorak Capital in a $ 1 billion deal.
Chicken shop, which specializes in a hot, Nashville-style of bird, expects to open 155 places this year and finishes 2025 with 400 restaurants worldwide, According to a press release,
It is not bad for a company that began with a group of childhood friends in Eastern Hollywood, California, parking lots.
The rest of this article is closed.
Join the entrepreneur, To reach today.
