Dave's Hot Chicken, known for its Nashville-style hot chicken, has been acquired by Roark Capital for $1 billion. Founded in 2017 by a group of childhood friends in a parking lot, the company witnessed exceptional growth, with a goal of reaching 155 new locations this year and 400 by 2025. CEO Bill Phelps expressed enthusiasm about this new phase with Roark, while founder Dave Kopushyan emphasized the importance of being present and believing in their product to drive continued success as they transition into franchising globally.
This is one of the great entrepreneurial journeys of our time, and now we begin the next chapter in the story.
You just have to be present for all of it, and you have to believe in your product and use that motivation to keep going.
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