Dave’s Scorching Hen, which started in 2017, introduced on Monday that it was acquired by non-public fairness agency (and Subway proprietor) Roark Capital in a $1 billion deal.
The hen store, which makes a speciality of a sizzling, Nashville-style of the chook, expects to open 155 areas this yr and finish 2025 with 400 eating places worldwide, based on a press launch.
Not dangerous for an organization that started with a gaggle of childhood buddies in an East Hollywood, California, parking zone.
Associated: ‘It Was Like a Drug’: How Dave’s Scorching Hen Grew a Cult Following From a Parking Lot
“This is without doubt one of the nice entrepreneurial journeys of our time, and now we start the following chapter within the story,” mentioned Invoice Phelps, Dave’s Scorching Hen’s CEO, in a press launch. “Our total group is happy in regards to the match between Dave’s Scorching Hen and Roark, and we’re wanting ahead to persevering with to blow our friends’ minds and unlocking progress and worth for our franchise companions.”
In line with information from Placer.ai, “Large Hen” is on the up, and Dave’s Scorching Hen was the chief of the flock, with the “most vital” year-over-year go to progress (67.2% in This fall 2024 and 60.0% in Q1 2025) of all of the hen chains, together with Huey Magoo’s, Tremendous Chix, and Elevating Cane’s.
Dave Kopushyan, the “Dave” within the identify, is without doubt one of the founders and the chef who started slinging the now-famous sizzling hen utilizing moveable fryers and folding tables. He informed Entrepreneur in 2022 that the corporate’s quick success is making them work even tougher.
“You simply should be current for all of it,” Kopushyan mentioned. “And you must consider in your product and use that motivation to maintain going.”
Associated: Non-public Fairness Big Blackstone Acquires Jersey Mike’s Subs for $8 Billion
In 2019, Dave’s started franchising, and the corporate says it has bought the rights to greater than 1,000 areas within the U.S., the Center East, and Canada.
Roark is predicated in Atlanta and makes a speciality of franchised companies, per the AP. It bought Subway sandwiches in 2023 and backs a slew of restaurant chains, from Jimmy John’s to Jamba Juice.
Dave’s Scorching Hen Sliders – Courtesy of Dave’s Scorching Hen
Dave’s Scorching Hen, which started in 2017, introduced on Monday that it was acquired by non-public fairness agency (and Subway proprietor) Roark Capital in a $1 billion deal.
The hen store, which makes a speciality of a sizzling, Nashville-style of the chook, expects to open 155 areas this yr and finish 2025 with 400 eating places worldwide, based on a press launch.
Not dangerous for an organization that started with a gaggle of childhood buddies in an East Hollywood, California, parking zone.
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