Dave’s hot chicken, which began as a humble street food stand in East Hollywood, could soon become a celebrity-backed industry giant and become a ten-digit company.
According to a recent report from the Wall Street Journal, the Pasadena-based company sells to private equity firm Roark Capital for around $1 billion.
Since being created as a pop-up in 2017, the Nashville-style chicken company has exploded in popularity and currently boasts around 270 locations. About a quarter of them are in California.
Dave’s hot chicken is approaching nearly $1 billion in sales, according to the Wall Street Journal. (IG/Dave’s Hot Chicken)
Currently, he will be participating in a Rourke portfolio filled with other brands such as Irby, Auntie, Buffalo Wild Wings, and Sonic. According to WSJ, in 2023 he bought a sandwich chain subway for $9 billion.
Large sales could lead to further expansion of popular chicken spots. Currently, they are located in Canada, the UK, and even Qatar, Saudi Arabia and the Middle East of the United Arab Emirates.
Since its founding in 2017, Dave’s Hot Chicken has suffered from celebrities such as rapper Drake and actor Samuel L. Jackson.
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