Dave’s Hot Chicken, which began in 2017, announced on Monday that it was acquired by a private equity firm (and the owner of the subway) in a $ 1 billion deal.
The chicken store, which specializes in the hot, nashwill style of the birds, expects to open 155 places this year and end 2025 with 400 restaurants worldwide, According to a press release.
It is not bad for a company that started with a group of childhood friends in East Hollywood, California, Parking.
Related: ‘It was like a drug’: How did Dave’s hot chicken grow a sect from the parking lot
“This is a great business journey of our time, and now we start the next chapter of the story,” said Bill Phelps, CEO of Hot Chicken. “Our entire organization is passionate about Dave’s hot chicken and fit between the rock, and we look forward to blowing up the minds of our guests and opening up the development and value for our franchise partners.”
According to Data from Pulisar. The “Big Chicken” is on UP, and Dave’s hot chicken was the leader of the flock, which was one of the years of development (67.2 % in Q4 2024 and 60.0 % in Q1 2025), which was nurtured by Hua Mago, Super Chex, and Ken.
Dave Coposian, named “Dave”, is one of the founders and chefs that now started throwing the famous hot chicken using portable freshers and folding tables. He told Businessman In 2022, they are working harder than the company’s fast success.
“You just have to be present for all of them,” said Poshanian. “And you have to believe your product and use it to continue this stimulus.”
Related: Private Equity Giant Blackstone received Jersey Mike’s Subs for $ 8 billion
In 2019, Dave started franchising, and the company says it has sold rights to more than 1,000 locations in the United States, the Middle East and Canada.
Reward is based in Atlanta and specializes in franchised business, According to the app. He bought Subway sandwich In 2023 and Jimmy Jan to Jamba’s juice, many restaurant chains are backed.
Dave’s hot chicken sliders – Dave’s hot chicken courtesy
Dave’s Hot Chicken, which began in 2017, announced on Monday that it was acquired by a private equity firm (and the owner of the subway) in a $ 1 billion deal.
The chicken store, which specializes in the hot, nashwill style of the birds, expects to open 155 places this year and end 2025 with 400 restaurants worldwide, According to a press release.
It is not bad for a company that started with a group of childhood friends in East Hollywood, California, Parking.
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