Fried-chicken chain Bojangles explores potential – Business News
Popular Southern-based fast-food chain Bojangles is exploring a potential sale of its business as demand for fried chicken heats up, in line with a report on Wednesday.
The company might fetch more than $1.5 billion – 3 times what it bought for in a 2019 buyout, sources acquainted with the matter advised the Wall Street Journal.
The chain — identified for its chicken, biscuits and cavity-inducing candy tea — would possible draw curiosity from restaurant operators and private-equity traders, although it might nonetheless resolve in opposition to the sale, sources added.
Fried-chicken chain Bojangles is reportedly exploring a potential sale of its business. Alamy Stock Photo
Bojangles didn’t instantly reply to The Post’s request for remark.
Private-equity companies Durational Capital Management and TJC took Bojangles personal in an all-cash deal in 2019 that valued the company at more than $590 million.
Bojangles, based in Charlotte, NC, in 1977, boasts about 800 places principally throughout the southern US, with more than 100 eating places in Georgia alone, although it has began to develop to the northeast. It opened its first New Jersey location in April and its second Pennsylvania restaurant in 2022.
The company is probably going trying to take benefit of an advantageous market as fried chicken eating places proceed to outperform rivals.
That’s largely due to chicken’s versatility, in line with R.J. Hottovy, head of analytical analysis at Placer.ai.
“This adaptability has enabled a number of brands to stand out by offering a wide range of customizable spice levels, sauces and sides that appeal to a broader customer base,” Hottovy advised The Post.
A Bojangles meal together with fried chicken, biscuits, candy tea and sides.
Total gross sales at US chain eating places grew 3% final 12 months, in line with Technomic. Sales at burger chains rose simply 1% – whereas chicken eating places largely outperformed with 9% growth.
Sales at fast-casual chicken chains like Raising Cane’s and Wingstop elevated 24% in comparison with the 12 months earlier than, in line with Technomic.
Visits to eating places like Raising Cane’s, Dave’s Hot Chicken, Super Chix and Huey Magoo’s Chicken Tenders far outpaced total visits to fast-casual chains within the first quarter of 2025, in line with Placer.ai knowledge.
The growth was pushed partly by expansions as scorching demand for chicken allowed eating places to open new places.
Dave’s Hot Chicken lately introduced a sale to Roark Capital that values the company at $1 billion. AP
Dave’s Hot Chicken – which lately clinched a $1 billion deal to sell to Subway proprietor Roark Capital – noticed essentially the most vital year-over-year go to growth of 60% within the first quarter, in line with Placer.ai.
That adopted go to growth of 67.2% within the fourth quarter of 2024.
Other fast-food chains have tried to hop on the chicken trend. McDonald’s added its McCrispy Strips to the everlasting menu this spring, whereas Taco Bell re-launched its chicken nuggets.
Several different restaurant mergers and acquisitions have been reached over the previous few months.
Blackstone took a majority stake in Jersey Mike’s Subs that valued the company at $8 billion, whereas Sycamore Partners purchased acai bowl chain Playa Bowls. The phrases of the Playa Bowls deal haven’t been introduced.
