Dave’s Hot Chicken, which began in 2017, announced on Monday that it was acquired by private equity firm (and Subway owner) Roark Capital in a $1 billion deal.
The chicken shop, which specializes in a hot, Nashville-style of the bird, expects to open 155 locations this year and end 2025 with 400 restaurants worldwide, according to a press release.
Not bad for a company that began with a group of childhood friends in an East Hollywood, California, parking lot.
Related: ‘It Was Like a Drug’: How Dave’s Hot Chicken Grew a Cult Following From a Parking Lot
“This is one of the great entrepreneurial journeys of our time, and now we begin the