{"id":860171,"date":"2025-07-04T22:12:31","date_gmt":"2025-07-05T03:12:31","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/04\/daves-hot-chicken-entering-next-phase-of-growth-innovation-with-roark\/"},"modified":"2025-07-04T22:12:31","modified_gmt":"2025-07-05T03:12:31","slug":"daves-hot-chicken-entering-next-phase-of-growth-innovation-with-roark","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/04\/daves-hot-chicken-entering-next-phase-of-growth-innovation-with-roark\/","title":{"rendered":"Dave\u2019s Hot Chicken Entering Next Phase of Growth & Innovation with Roark"},"content":{"rendered":"
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\"Dave's<\/a><\/p>\n

From a Parking Lot to Beloved International Brand, Restaurant Leader to Continue on Global Growth Path<\/strong><\/p>\n

\"Dave'sLos Angeles, CA\u00a0 (RestaurantNews.com<\/u><\/a>)\u00a0 From a parking lot in 2017, to a global sensation which expects to end the year with more than 400 restaurants across the globe; Dave\u2019s Hot Chicken<\/u><\/strong><\/a> has chosen an investment from Roark, entering its next phase of growth and innovation. \u00a0<\/p>\n

Dave\u2019s Hot Chicken has had years of incredible unit and sales growth and leading guest satisfaction metrics. The company remains committed to delivering an exceptional experience for its guests, team members and its franchise partners around the globe.\u00a0 \u00a0<\/p>\n

\u201cThis is one of the great entrepreneurial journeys of our time, and now we begin the next chapter in the story,\u201d said Bill Phelps, Dave\u2019s Hot Chicken\u2019s CEO. \u201cOur entire organization is excited about the fit between Dave\u2019s Hot Chicken and Roark, and we\u2019re looking forward to continuing to blow our guests\u2019 minds and unlocking growth and value for our franchise partners.\u201d<\/p>\n

The leadership team, who have architected the elements which have made Dave\u2019s Hot Chicken an internationally beloved brand, will continue in their roles running the company. This includes the founders of Dave\u2019s Hot Chicken, who began this American dream story in a parking lot almost exactly eight years ago, will continue to drive the Company\u2019s menu innovation, food quality, in-store experience, operations, marketing, branding, digital and more. A social media leader in the hospitality industry, its marketing strategy will also remain unchanged. Dave\u2019s Hot Chicken is closing in on six million followers across its platforms, and hundreds of millions of views of user generated content.<\/p>\n

Looking ahead, the Dave\u2019s Hot Chicken team is focused on bringing the best of Dave\u2019s Hot Chicken to guests both domestically and abroad, with a focus on delivering for its guests every day, just as the brand has been doing since the early parking lot days in 2017.<\/p>\n

North Point Mergers & Acquisitions served as Dave\u2019s exclusive financial advisor.<\/p>\n

\"Dave's<\/a><\/p>\n

About\u00a0Dave\u2019s\u00a0Hot\u00a0Chicken<\/strong><\/p>\n

In a modern-day American dream story, three childhood friends, Chef Dave Kopushyan, Arman Oganesyan and Tommy Rubenyan, scraped together $900 to\u00a0launch\u00a0Dave\u2019s\u00a0Hot\u00a0Chicken\u00a0in a parking lot, portable fryers and folding tables in tow, in 2017.\u00a0Dave\u2019s\u00a0Hot\u00a0Chicken\u00a0quickly took off, opening an East Hollywood brick-and-mortar restaurant shortly after, with support from Tommy\u2019s brother,\u00a0Gary. In 2019, the team struck a deal with Wetzel\u2019s Pretzels co-founder and former CEO, Bill Phelps, to begin franchising the Dave\u2019s Hot Chicken concept. The company has sold the rights to more than 1,000 franchise locations in the U.S., Middle East and Canada and will open 155-plus locations this year. Harkening back to an Eater LA blog that helped propel early interest in the brand, the company\u2019s mission is to \u201cblow their minds.\u201d<\/p>\n

About Roark<\/strong><\/p>\n

Roark is an\u00a0Atlanta-based private\u00a0equity firm with\u00a0$40 billion\u00a0in equity under management.\u00a0Roark focuses on investments in consumer and business service companies, with a specialization in franchise and multi-location businesses. For more information, please visit\u00a0RoarkCapital.com<\/u><\/strong><\/a>.<\/p>\n

Media Contact:<\/strong>
Joshua Levitt
PR for Dave\u2019s Hot Chicken
jo**<\/span>@************<\/span>ve.com<\/span><\/p>\n