Key Investment Facts
About Dave's Hot Chicken
Nashville-style hot chicken concept founded in a Los Angeles parking lot in 2017. Acquired by Roark Capital for approximately $1B in June 2025 with 270+ global units. Celebrity investors include Drake, Usher, and Samuel L. Jackson. Targeting 1,000+ domestic units long-term with active UK and Middle East expansion.
Tags: fast-casual, chicken, hot-chicken, pe-owned, roark-capital, celebrity-backed
Ownership & Private Equity
Roark Capital acquired majority stake in Dave's Hot Chicken in 2023, reportedly valuing the brand at over $1B. Roark portfolio includes Sonic, Arby's, Buffalo Wild Wings, and Inspire Brands.
⚠️ PE ownership can affect franchise support culture and resale terms. Always review the most recent FDD for ownership disclosures.
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⚠️ Data is for educational reference only. Verify all figures with the franchisor's official Franchise Disclosure Document (FDD). FranchiseStack does not provide investment advice. Last reviewed 2026-04-11.