{"id":13337,"date":"2024-06-11T15:14:20","date_gmt":"2024-06-11T15:14:20","guid":{"rendered":"https:\/\/www.l3corp.net\/wordpress\/?p=13337"},"modified":"2024-06-21T14:45:03","modified_gmt":"2024-06-21T14:45:03","slug":"quickly-growing-nashville-style-hot-chicken-concept-to-open-7-stores-in-st-louis-region","status":"publish","type":"post","link":"https:\/\/www.l3corp.net\/wordpress\/2024\/quickly-growing-nashville-style-hot-chicken-concept-to-open-7-stores-in-st-louis-region\/","title":{"rendered":"Quickly Growing, Nashville-Style Hot Chicken Concept To Open 7 Stores In St. Louis Region"},"content":{"rendered":"

Original Article By: St. Louis Business Journal<\/a><\/p>\n

Author: Connor Hart<\/a><\/p>\n

\"\"<\/p>\n

Dave\u2019s Hot Chicken will open seven eateries in the St. Louis region, with hopes to open at least one location by the end of this year.<\/p>\n

The Hari Group, a Naperville, Illinois-based franchise and real estate development group, hopes to open all seven of its in-development Dave\u2019s Hot Chicken locations in the St. Louis metro in the next four years, President Raj Patel said.<\/p>\n

The company is \u201cactively looking\u201d at real estate and \u201ctrading papers on a few deals,\u201d Patel said. He declined to share specifically in which municipalities the group hopes to open its restaurants, but he offered that the company has looked at properties in both Missouri and Illinois.<\/p>\n

\u201cI wouldn\u2019t say that we\u2019re targeting specific cities,\u201d Patel said. \u201cWe\u2019re targeting specific real estate.\u201d<\/p>\n

The group is ideally looking for endcap retail spaces \u2014\u00a0a term for those located at the end of a row of stores or a shopping center \u2014 that are between 2,500 square feet and 3,500 square feet, and in \u201chigh-energy centers,\u201d he said. A retail space with a drive-thru would be preferred but isn\u2019t necessary, he added.<\/p>\n

Patel said he hopes the group\u2019s first St. Louis-area location will open before the end of this year. For that to happen, he said the company will need to finalize a lease in the next 30 days or so, and construction will need to go off without a hitch.<\/p>\n

The Hari Group, which already operates several Dave\u2019s Hot Chicken locations throughout Illinois, is working with Rick Spector of Brentwood-based real estate agency L3 Corp. to secure its real estate, Patel said.<\/p>\n

Dave\u2019s Hot Chicken estimates the initial investment required to open a restaurant is between $619,800 and $1.96 million, company materials show. Patel declined to share how much The Hari Group expects to spend on the buildout of its St. Louis-area restaurants, citing that there are too many variables to consider seeing as the company still hasn\u2019t finalized any leases.<\/p>\n

<\/div>\n

\u201cYou really don\u2019t know what costs are going into a market. You have to take them deal by deal,\u201d Patel said.<\/p>\n

A “vanilla box” endcap, a new space unblemished space, “costs substantially more than second-gen restaurant space,\u201d he said.<\/p>\n

Dave\u2019s Hot Chicken requires its franchisees to develop five or more restaurants at a time, have $2.5 million in liquid assets and a net worth of at least $5 million, according to its website.<\/p>\n

Founded in Hollywood in 2017, Dave’s Hot Chicken is known for its jumbo chicken sliders and tenders, which are served at seven different spice levels with sides such as its house-made kale slaw, mac and cheese or French fries.<\/p>\n

The concept since its founding has\u00a0quickly gained in popularity<\/a>\u00a0and expanded to more than 700 franchise locations in the U.S., Canada and the Middle East. It plans to open another 90-plus restaurants in 2024. The company, which announced earlier this year that\u00a0R&B singer Usher partnered with a franchise group to bring the concept to Atlanta<\/a>, is backed by several high-profile investors, including rapper Drake, actor Samuel L. Jackson, and former National Football League player and TV personality Michael Strahan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Original Article By: St. Louis Business Journal Author: Connor Hart Dave\u2019s Hot Chicken will open seven eateries in the St. Louis region, with hopes to open at least one location by the end of this year. The Hari Group, a<\/p>\n","protected":false},"author":15,"featured_media":13338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[3,4],"tags":[],"jetpack_featured_media_url":"https:\/\/www.l3corp.net\/wordpress\/wp-content\/uploads\/2024\/06\/Daves-Chicken.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paJlAd-3t7","_links":{"self":[{"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/posts\/13337"}],"collection":[{"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/comments?post=13337"}],"version-history":[{"count":1,"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/posts\/13337\/revisions"}],"predecessor-version":[{"id":13339,"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/posts\/13337\/revisions\/13339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/media\/13338"}],"wp:attachment":[{"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/media?parent=13337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/categories?post=13337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.l3corp.net\/wordpress\/wp-json\/wp\/v2\/tags?post=13337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}