69-year-old CEO says he turned 19 employees into millionaires after selling the company in a $1 billion deal
Bill Phelps made 19 of his employees millionaires after selling a majority stake in Dave's Hot Chicken.
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3 friends launched chicken finger stand in LA parking lot with $900—it just sold in deal worth ‘close’ to $1 billion
Dave's Hot Chicken first launched in a Los Angeles parking lot. On Monday, Roark Capital bought a majority stake in a deal worth "pretty close" to $1 billion.
Private equity firm Roark Capital invests in fast-growing restaurant chain Dave's Hot Chicken
Roark's investment follows a boom for chicken-focused restaurants and a rising tolerance for spice among younger consumers.
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