In an exciting shake-up in the fast-food industry, Roark Capital, the powerhouse behind the popular Subway sandwich chain, has just snagged the sizzling sensation known as Dave’s Hot Chicken in a staggering $1 billion deal!

With this acquisition, Dave’s Hot Chicken has officially sold the rights for over 1,000 franchise locations, with 155 more set to launch by 2025. The move is a game-changer for the brand and its ambitious growth plans.

CEO Bill Phelps calls the sale "one of the great entrepreneurial journeys of our time," stating that he's thrilled about the synergy between Dave’s Hot Chicken and Roark Capital. He emphasized their commitment to continuing to impress customers while maximizing value for franchise partners.

Founded just eight years ago, Dave’s Hot Chicken has already established over 400 locations worldwide, tantalizing taste buds with its menu featuring chicken tenders, sliders, hot bites, fries, and more.

This deal follows Roark's monumental acquisition of Subway in 2023 for a whopping $9.6 billion. With investments in renowned brands like Arby’s, Baskin Robbins, Buffalo Wild Wings, Dunkin, and Sonic, Roark Capital is clearly on a mission to dominate the fast-food landscape.

Stay tuned; the future looks bright and spicy for Dave’s Hot Chicken and its new owner!