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 focuses on a sizzling, Nashville-style of the hen, expects to open 155 places this yr and finish 2025 with 400 eating places worldwide, in response to a press launch.
Not unhealthy for a corporation that started with a gaggle of childhood associates 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 among the nice entrepreneurial journeys of our time, and now we start the subsequent chapter within the story,” stated Invoice Phelps, Dave’s Scorching Hen’s CEO, in a press launch. “Our total group is happy concerning the match between Dave’s Scorching Hen and Roark, and we’re wanting ahead to persevering with to blow our visitors’ minds and unlocking development and worth for our franchise companions.”
In line with information from Placer.ai, “Huge 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 development (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 title, is among the founders and the chef who started slinging the now-famous sizzling hen utilizing moveable fryers and folding tables. He instructed Entrepreneur in 2022 that the corporate’s quick success is making them work even more durable.
“You simply need to be current for all of it,” Kopushyan stated. “And it’s important to imagine in your product and use that motivation to maintain going.”
Associated: Non-public Fairness Large Blackstone Acquires Jersey Mike’s Subs for $8 Billion
In 2019, Dave’s started franchising, and the corporate says it has offered the rights to greater than 1,000 places within the U.S., the Center East, and Canada.
Roark relies in Atlanta and focuses on 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 focuses on a sizzling, Nashville-style of the hen, expects to open 155 places this yr and finish 2025 with 400 eating places worldwide, in response to a press launch.
Not unhealthy for a corporation that started with a gaggle of childhood associates in an East Hollywood, California, parking zone.
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