A popular chicken chain is now under the property of the same variable income company that owns a metro after a great trade agreement.
Roark Capital, owner of the subway, has closed a $ 1 billion agreement to buy Hot chicken from Dave, The Associated Press informed.
Roark bought the subway by 2023 for $ 9.6 billion. The firm also supports two titular companies that have several restaurant chains, such as inspire Brands, the parent of Arby’s, Dunkin ‘, Jimmy John’s, Sonic and Buffalo Wild Wings, along with Goto Foods, who owns Auntie Anne, Carvel, Cinnabon and Jamba Juice.
Although Dave Hot Chicken has been sold, the chain said that its leadership team will remain and will continue to lead the innovation of the menu, food quality, operations and marketing.
“This is one of the great entrepreneurial journeys of our time, and now we begin the next chapter of the story.” said bill phelpsCEO of Dave’s Hot Chicken. “Our organization is excited about the adjustment between the hot chicken of Dave and the Roark, and we hope to continue to exploit the minds of our guests and unblock the growth and value of our franchise partners.”
The hot chicken of Dave started in 2017 as an emergency in a Los Angeles car park, specializing in hot chicken in the Nashville style. Has grown since then and hopes to end this year with 400 restaurants worldwide, the chain he said.
According to Dave’s hot chicken WebsiteIt currently has 10 locations operating in Massachusetts.