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Hopper, Steven A. 1959-2025 St. Joseph, Mo.

Hopper, Steven A. 1959-2025 St. Joseph, Mo.

Yahoo15 hours ago

Steven Allen Hopper, a cherished soul whose gentleness and kindness knew no bounds, passed away on May 26, 2025, at the age of 65. He was born on Dec. 16, 1959, to the late Herschel Allen and Marion Josephine (Benrud) Hopper, in St. Joseph.
His dedication to the people of Choices reflected his unwavering resolve to make a difference. Steven was not just a member but a pillar within the community, leaving a void that will be deeply felt by many friends and a loving family.
Steven's love for holidays was renowned, his infectious enthusiasm turning every festive occasion into a treasured memory. He loved the Wizard of Oz, watching the movie daily. Steven's gentle nature earned him the affectionate moniker of a 'gentle giant' -a testament to the tender yet profound impact he had on those around him. Among his most memorable characteristics was Steven's humble self-appraisal, encapsulated in his personal saying, 'I'm a good man.'
Survivors include his nephews, Dale (Melissa) and Corey Wright; and brother, Tommy Hopper.
Farewell Services and Public Livestream 10 a.m. Friday, June 13, Meierhoffer Funeral Home & Crematory. Interment Ashland Cemetery. The family will gather with friends 6 to 8 p.m. Thursday, Meierhoffer Funeral Home & Crematory.
Online guest book and obituary at www.meierhoffer.com. As published in the St. Joseph News-Press.

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Hopper, Steven A. 1959-2025 St. Joseph, Mo.
Hopper, Steven A. 1959-2025 St. Joseph, Mo.

Yahoo

time15 hours ago

  • Yahoo

Hopper, Steven A. 1959-2025 St. Joseph, Mo.

Steven Allen Hopper, a cherished soul whose gentleness and kindness knew no bounds, passed away on May 26, 2025, at the age of 65. He was born on Dec. 16, 1959, to the late Herschel Allen and Marion Josephine (Benrud) Hopper, in St. Joseph. His dedication to the people of Choices reflected his unwavering resolve to make a difference. Steven was not just a member but a pillar within the community, leaving a void that will be deeply felt by many friends and a loving family. Steven's love for holidays was renowned, his infectious enthusiasm turning every festive occasion into a treasured memory. He loved the Wizard of Oz, watching the movie daily. Steven's gentle nature earned him the affectionate moniker of a 'gentle giant' -a testament to the tender yet profound impact he had on those around him. Among his most memorable characteristics was Steven's humble self-appraisal, encapsulated in his personal saying, 'I'm a good man.' Survivors include his nephews, Dale (Melissa) and Corey Wright; and brother, Tommy Hopper. Farewell Services and Public Livestream 10 a.m. Friday, June 13, Meierhoffer Funeral Home & Crematory. Interment Ashland Cemetery. The family will gather with friends 6 to 8 p.m. Thursday, Meierhoffer Funeral Home & Crematory. Online guest book and obituary at As published in the St. Joseph News-Press.

America250 Announces 2025 America's Field Trip Awardees: Celebrating Students Across the Nation
America250 Announces 2025 America's Field Trip Awardees: Celebrating Students Across the Nation

Business Wire

time15 hours ago

  • Business Wire

America250 Announces 2025 America's Field Trip Awardees: Celebrating Students Across the Nation

WASHINGTON, D.C.--(BUSINESS WIRE)--America250, the official national organization charged by Congress with commemorating the 250th anniversary of the United States, today proudly announced the 2025 'America's Field Trip' awardees. America's Field Trip is a nationwide contest inviting students in grades 3–12 to reflect on the question: 'What does America mean to you?'​ The 150 America's Field Trip awardees hail from 41 states and 4 U.S. territories and were selected by a panel of current and former educators. Thousands of students from all 50 states, 5 U.S. territories, and the District of Columbia submitted writing and artwork to the 2024-2025 America's Field Trip contest. The seventy-five first-place awardees will embark on immersive, unforgettable field trips to iconic American historical and cultural sites this summer, with seventy-five second-place awardees each receiving a $500 cash award.​ This marks the second group of America's Field Trip awardees recognized by America250 and follows the successful pilot program launched in 2024. 'America's Field Trip is a transformative opportunity for students across the country to engage with our nation's history in meaningful, lasting ways," said Rosie Rios, Chair of America250. 'Our tentpole programs are intentionally designed to be hands-on, educational and engaging. America's Field Trip truly brings the story of America to life and allows a once-in-a-lifetime opportunity for these students to experience American history and national treasures up-close.' Each first-place awardee will choose one of the following specially-curated experiences:​ Private tours of Boston Revolutionary War sites, including the Old North Church, the Paul Revere House, and Bunker Hill Monument Behind-the-scenes tour of the National Air and Space Museum's Steven F. Udvar-Hazy Center and sleepover at the Smithsonian Natural History Museum in Washington, DC Exclusive visits to two Washington, DC, institutions: a trip into the National Archives Vault and private tour of the Smithsonian's National Zoo Exclusive tour of Thomas Jefferson's Monticello in Charlottesville, Virginia, and visit to the Library of Congress in Washington, DC Walking tour of historic Lower Manhattan and a performance and opportunity to meet the company of HAMILTON in New York CityStorytelling, history, and commemoration under the stars at Mount Rushmore National Memorial Private tours of Patriots Point Naval & Maritime Museum, the International African American Museum, and the South Carolina Aquarium in Charleston, South Carolina Exclusive tours of the Alamo in San Antonio and the LBJ Presidential Library in Austin, Texas Backstage tour of the Rock & Roll Hall of Fame in Cleveland, Ohio Beyond the ropes tour of Independence National Historical Park in Philadelphia, Pennsylvania Guided visit to Angel Island Immigration Station and candlelight tour of Fort Point at the foot of the Golden Gate Bridge in San Francisco, California Private guided tour of Yellowstone National Park in Montana and Wyoming Ranger-led hikes and tours of the cliff dwellings of Mesa Verde National Park in Colorado Private tour of the Kennedy Space Center in Florida The 2024-2025 contest was made possible through the support of Founding Sponsor BNY Mellon and educational partner Discovery Education. 'We are thrilled to celebrate the achievements of this year's awardees,' said Jayee Koffey, Chief Enablement and Global Affairs Officer at BNY. 'The creativity and passion of these students encapsulates the future spirit of our nation. As BNY continues to support America's 250th anniversary celebrations, we are proud to cheer on the future leaders of America.' For a full list of awardees and a selection of winning submissions, please visit First Place Awardees Alabama Jaid S., 9th Grade, Helena Ava H., 12th Grade, Madison Arizona Samarthya S., 3rd Grade, Chandler Arkansas Katherine Q., 12th Grade, Nashville California Melanie G., 4th Grade, Rancho Cordova Mirabelle G., 4th Grade, Pasadena Aadya K., 5th Grade, San Jose Emelynn M., 5th Grade, Temecula Parker S., 5th Grade, Murrieta Sharon X., 5th Grade, Arcadia Sophia C., 6th Grade, San Diego Mason M., 7th Grade, Los Angeles David K., 8th Grade, Manhattan Beach Evelyn B., 10th Grade, Sacramento Agnes Q., 12th Grade, South San Francisco Colorado Justin Y., 4th Grade, Denver Annie S., 7th Grade, Thornton Ava S., 7th Grade, Colorado Springs Yufan L., 11th Grade, Colorado Springs Delaware Grace S., 9th Grade, Milton Vivian W., 10th Grade, Hockessin Florida Abigail C., 3rd Grade, Ponte Vedra Angel G., 4th Grade, Saint Augustine Singita C., 8th Grade, Palm Beach Gardens Georgia Corrina T., 7th Grade, Winterville Josiah C., 12th Grade, Lithonia Guam Yaxin L., 9th Grade, Dededo Idaho Tonya H., 6th Grade, Orofino Haley H., 8th Grade, Orofino Kanghyeon B., 8th Grade, Meridian Illinois Olivia H., 6th Grade, Aurora Margot K., 11th Grade, Northbrook Jack J., 12th Grade, Elgin Kansas Eleanor P., 5th Grade, Eastborough Kentucky Daanya R., 8th Grade, Lexington Louisiana Emory D., 3rd Grade, Madisonville Nicholas N., 6th Grade, Metairie Auralia S., 12th Grade, Barksdale Air Force Base Massachusetts Freya H., 4th Grade, Boston Johan C., 8th Grade, Weston Saachi M., 11th Grade, Hingham Mississippi Benjamin P., 11th Grade, Corinth Brianna H., 11th Grade, Corinth Missouri Austin F., 8th Grade, Weldon Spring New Jersey Arjun K. , 5th Grade, Towaco Nikita D., 5th Grade, Marlboro Jayden A., 7th Grade, South Amboy Anish G., 8th Grade, Basking Ridge Yuna J., 8th Grade, Moorestown Megan W., 12th Grade, Westfield Parinita C., 12th Grade, Bridgewater New York Asia S., 7th Grade, Rifton Eric B., 7th Grade, Rifton Hannah B., 11th Grade, Chester North Carolina Zadie B. , 4th Grade, Charlotte Kahlan V., 6th Grade, Hickory Annie B., 8th Grade, Fayetteville Northern Mariana Islands Aileen K., 5th Grade, Tamuning Ohio Eva H., 5th Grade, Pataskala Pennsylvania Santino W., 4th Grade, McMurray Toluwanimi F., 4th Grade, Philadelphia Clara C. , 5th Grade, Fogelsville Regan S., 7th Grade, Pittsburgh Tennessee Leslie C., 12th Grade, Antioch Texas Mia L., 3rd Grade, Arlington Rehanika D., 4th Grade, Northlake Liam B., 5th Grade, Houston Emil M., 8th Grade, Houston Lydia I., 8th Grade, San Antonio Atharva E., 9th Grade, Wylie U.S. Virgin Islands Mirza B., 11th Grade, St. Thomas Virginia Aggie J., 4th Grade, Roanoke Gloria A., 11th Grade, Midlothian Simone H., 11th Grade, Haymarket West Virginia Juliann H., 10th Grade, Elkins Second Place Awardees American Samoa Janae R., 5th Grade, Pago Pago Fiao'o L., 11th Grade, Pago Pago Arizona Colton Z., 5th Grade, Mesa Joanna H., 8th Grade, Chandler Arkansas Joah S., 8th Grade, Altus California Jackson W., 4th Grade, Hayward Giovanni B., 6th Grade, Upland Ian C., 7th Grade, Sylmar Colorado Grace H., 5th Grade, Colorado Springs Elizabeth A., 7th Grade, Colorado Springs Lucy L., 11th Grade, Colorado Springs Connecticut Miriam M., 6th Grade, Westport Saige M., 12th Grade, Haddam Florida Savannah T., 4th Grade, Land O' Lakes Madison R., 7th Grade, Lutz Jessenia T., 11th Grade, Homestead Hawaii Peyton H., 8th Grade, Ewa Beach Illinois Maia S., 10th Grade, Belleville Indiana Jacob K., 5th Grade, Fishers Kayla B., 10th Grade, Indianapolis Kansas Emerald R., 5th Grade, Wichita Emma S., 5th Grade, St. Johns Louisiana Princeton H., 3rd Grade, Shreveport Luke B., 4th Grade, Lockport Paris N., 7th Grade, Gretna Weston W., 9th Grade, Franklinton Addison B., 12th Grade, Shreveport Lily W., 12th Grade, Monroe Maryland Rachel K., 4th Grade, Ellicott City Charlotte L., 8th Grade, Crofton Massachusetts Katherine C., 11th Grade, Hingham Michigan Aubreigh H., 9th Grade, New Hudson Paytyn E., 9th Grade, South Lyon Lucia H., 11th Grade, Augusta Minnesota Natalie S., 3rd Grade, Waverly Mississippi Chloe A., 11th Grade, Corinth Kinley P., 11th Grade, Corinth Camden L., 12th Grade, Corinth Jayden T., 12th Grade, Corinth Madison G., 12th Grade, Corinth Missouri Jase S., 5th Grade, Preston Jody B., 7th Grade, St. Clair Montana Ethan K., 5th Grade, Belt Nevada Ian K., 10th Grade, Las Vegas New Jersey Ximena L., 5th Grade, Linwood Christopher M., 6th Grade, Florham Park Madison S., 8th Grade, Flanders New Mexico Alejandro G., 11th Grade, Albuquerque New York Kenneth Z., 4th Grade, Walden Ava A., 5th Grade, Rifton Aviana S., 5th Grade, Walden Anmo G., 6th Grade, Manlius Sabine S., 12th Grade, Goshen North Carolina McKenzy G., 6th Grade, Kinston Brianna G., 12th Grade, Wilson North Dakota Korri C., 10th Grade, Drake Northern Mariana Islands Taemin P., 11th Grade, Saipan Ohio Aria H., 5th Grade, Springboro Oklahoma Miles S., 5th Grade, Broken Arrow Pennsylvania Quinton P., 7th Grade, North East Judy A., 8th Grade, Willow Street South Carolina Titus W., 4th Grade, Bluffton South Dakota Hannah E., 7th Grade, Flandreau Tennessee Tilly B., 8th Grade, Knoxville Texas Logan H., 3rd Grade, Coleman McKenna G., 5th Grade, Merkel Langston B., 6th Grade, Leander Maira S., 8th Grade, Sugarland Utah Audrey S., 5th Grade, Salt Lake City Liam G., 6th Grade, Farmington Virginia Lincoln N., 4th Grade, Stafford Mohammad O., 7th Grade, Vienna Ivah K., 8th Grade, Henrico Washington Madeline J., 11th Grade, Bremerton Wisconsin Willow A., 8th Grade, Cassville America250: America250's mission is to celebrate and commemorate the 250th anniversary of the signing of the Declaration of Independence, marking America's Semiquincentennial. We aim to inspire our fellow Americans to reflect on our past, strengthen our love of country, and renew our commitment to the ideals of democracy through programs that educate, engage, and unite us as a nation. America250 will foster shared experiences that spark imagination, showcase the rich tapestry of our American stories, inspire service in our communities, honor the enduring strength, and celebrate the resilience of the United States of America. America's Field Trip Contest: America's Field Trip Contest is a creative opportunity for students in grades 3-12 to reflect on what America means to them through original artwork or written responses. The contest encourages students from across the U.S. and its territories to share their vision of America's values, history, and future. Open until April 16th, 2025, this free contest invites students to participate and contribute to the national celebration of America's 250th anniversary.

The Unlikely Group Getting Rich Off Dave's Hot Chicken's $1 Billion Deal
The Unlikely Group Getting Rich Off Dave's Hot Chicken's $1 Billion Deal

Forbes

time3 days ago

  • Forbes

The Unlikely Group Getting Rich Off Dave's Hot Chicken's $1 Billion Deal

'How late did you guys stay out last night?' jokes Dave's Hot Chicken CEO Bill Phelps. The 69-year-old, who joined the Los Angeles-based spicy chicken chain in 2019 after leading Blaze Pizza and Wetzel's Pretzels, is sitting next to his second in-command, Dave's president and COO Jim Bitticks, another Blaze alumnus, on one side of a large conference room table in Forbes' Jersey City office. On the other side are two of Dave's four cofounders, Arman Oganesyan, 33, and Dave Kopushyan, 34, who do indeed look like they're on their way to (or from) a big night out. Kopushyan, a cook who is the brand's namesake, is coolly dressed in a white T-shirt and blue-washed jeans covered in Black stars. Oganesyan, meanwhile, dons a bright pink and orange Versace silk shirt, matching pink sunglasses and a Hermes belt with shorts, his arms and legs exposed to show intricate tattoos. Though both claim no mischief the night prior, the duo have plenty to celebrate. Their visit to Forbes is the last stop on a whirlwind two-day press tour following the June 2 announcement that Dave's sold 70% of its business to Roark Capital – the private equity giant that owns Subway, Dunkin', Buffalo Wild Wings among other restaurant brands – at a $1 billion valuation. After the interview, they're hopping on a private jet from Teterboro Airport back to Los Angeles. Dave's was founded in 2017 by Oganesyan, Kopushyan, and brothers Tommy and Gary Rubenyan. All four were children of Armenian immigrants who grew up together in East Hollywood and high school dropouts. They started the business as a pop-up in a parking lot near where they grew up. Their cayenne-coated, Nashville-style chicken, which comes in six different spice levels (the hottest of which, 'The Reaper' requires buyers to sign a waiver), gained an immediate cult following. Continued social media hype around the brand, which says its brand organically generates millions of views a week on TikTok, along with a cadre of celebrity investors including rapper Drake helped turn Dave's into a $620 million (2024 systemwide sales) business with over 300 global locations — and a prime takeover target. The Dave's original pop-up was set up in the parking lot of a random apartment building in East Hollywood. Dave's Hot Chicken The four cofounders, who were at one time so broke they say they struggled to pool together the $900 needed to launch the first Dave's popup, are now richer than they ever imagined. Each owned roughly 10% of the business prior to the sale and is selling around 80% of their stakes, amounting to around $80 million (pre-tax). 'The money's in our accounts,' says Oganesyan, who admits he Googled whether Roark could request the money back. 'Wires are permanent. Even if you mistakenly wire money to somebody, you can't take it back.' (The day before announcing the Roark deal, Oganesyan, a former standup comedian who is Dave's chief business officer, posted a photo of himself sitting on the hood of an electric blue McLaren with the caption: 'Patiently waiting for all my relatives in Armenia to call and ask me for money.') It's quite a jump from the last time they cashed out. The founders previously sold half the business – Dave's had just one location at the time – for $2 million in 2018 to an investor group led by CEO Phelps and the Hollywood producer John Davis, son of billionaire oil and entertainment tycoon Marvin Davis (d. 2004) who is now a prominent food investor. (The pair had having previously worked together on Wetzels, which Phelps founded, and on Blaze Pizza.) 'I fell in love with the boys. There was something about them,' says Davis, who claims he knew from the beginning: 'This is a $1 billion company.' It was really Phelps and Davis who helped it grow so big so fast and, while the duo have worked on the other two restaurant concepts together, this one is the most successful concept to date in terms of the company's ultimate valuation. Phelps and Davis both made 250 times their initial investment. According to Davis, he and Phelps were the largest shareholders in the company at the time of the sale to Roark, with roughly equal stakes. (Davis declined to share his ownership stake but says he still kept some after the sale.) Phelps, who also declined to reveal his ownership stake, says he sold off half of his shares and adds that he and the rest of his investment group voted to give away a chunk of their earnings to create a bonus pool for Dave's executives and employees, around 20 of whom will become millionaires. 'The average bonus for the support people all the way down to assistant restaurant manager level was about $100,000,' adds COO Bitticks. A lot of things had to go right for Dave's to end up where it did. One important factor was the founders' timely bet on chicken. 'The two hottest new concepts in the restaurant world are coffee and chicken,' says John Gordon, a restaurant industry expert who is the founder of Pacific Management Consulting Group. In 2010, chicken overtook beef as the most popular meat in the U.S., according to the U.S. Department of Agriculture. A seemingly insatiable appetite for the protein has helped chicken joints including Raising Cane's, Wingstop and Dave's rank among the fastest growing restaurant chains in America in recent years. Oganesyan says it was this burgeoning trend that prompted him to approach his friend Kopushyan, who he met in middle school, back in 2017. It was a tough sell at first. Kopushyan, who previously worked as a line cook at famed chef Thomas Keller's Bouchon restaurant in Los Angeles, was a vegetarian working at Elf Cafe, a veggie restaurant on Sunset Boulevard. But after a month of lobbying, Oganesyan managed to convince his friend, who developed a recipe he says is 98% the same as the one Dave's currently sells. The pair recruited Tommy Rubenyan and his older brother Gary, who would later help put up the money to open the first store. The operation was extremely scrappy. Though they initially floated the idea of selling out of a food truck, they decided to do the pop-up instead, borrowing tables and chairs from their families and using the $900 to buy a fryer and heat lamps. Dave's is known for its nuggets and sliders, which it sells with pickles, fries and Dave's signature sauce. Dave's Hot Chicken A rave review from local food blog Eater LA five days into business made Dave's an overnight sensation. Within a year, they opened their first restaurant in East Hollywood. Despite being in an area Phelps describes as a 'dump' – 'we would never approve that site today,' adds Bitticks – Dave's food went so viral that the founders claim the restaurant ended the year doing $5 million in sales. 'It was the cult following,' says Phelps. 'It was what they created through Instagram, the [Eater LA] article… It drew people to the restaurant like crazy and there would be two hour lines for that store.' The brand initially relied heavily on marketing its products through Instagram. But it's also become a big hit on TikTok, where it's trendy for people to post videos of themselves eating and reviewing Dave's' sliders, nuggets and fries. Not surprisingly, the founders say there was immediate interest from investors. They shrugged off most inquiries but one stood out: A post-it note left with the restaurant's manager. 'It just said 'founders call John Davis,' recalls Kopushyan. Davis is one of Hollywood's most prolific producers with more than 115 credits – including 'Predator' and 'Doctor Dolittle' – and $8 billion in box office earnings for the films he's backed. Over the past three decades, he's also made a name for himself as a successful early backer of early-stage fast-casual concepts. In 1997, Davis bought into Wetzel's Pretzels, an Auntie Annie's competitor founded by Phelps and Rick Wetzel (Davis and his investment group sold their stake in the business in 2008 at a valuation of $36 million). Davis and Phelps teamed up again in 2012 when they became two of the earliest investors in Blaze Pizza, another restaurant concept founded by Wetzel and his wife Elise. They sold their minority stake in the 380 restaurant chain for an estimated $250 million in 2017. Davis, who is also an investor in Pop-up Bagels, has a simple formula for building winning restaurant brands: bring on board his posse of trusted investors including Phelps, actor Samuel L. Jackson and celebrity investment advisor Paul Wachter ('we just go from deal to deal'), take the biggest ownership stake, install his own management team and install a celebrity to help rep the brand. Davis did exactly this with Dave's, convincing Phelps, who he'd worked with at both Wetzel's and Blaze, to run the brand instead of retiring. Immediately after the deal, Dave's began franchising with the help of a management team almost entirely carried over from Blaze. A recent text exchange between Dave's Hot Chicken investor John Davis and cofounder Arman Oganesyan, who kept the post-it note Davis left at the first restaurant in August 2018. John Davis Dave's second restaurant opened in 2019 and then six more the next year, according to data from the restaurant industry data collector Technomic. They targeted franchisors who had owned a Blaze, Wetzel's or another fast casual restaurant previously. Phelps also helped several executives, including Bitticks and Dave's CFO James McGehee, buy franchise locations (Bitticks owns three currently and has plans to open up two more). Dave's founders now own a combined seven locations. By 2022, a year after Dave's announced rapper Drake as its big celebrity backer (Drake is a client of Wachter's, who helped bring him into the deal, according to Davis), they'd opened nearly 100 locations, many of them in California. They've since more than tripled that number, expanding into 46 different states and seven countries. Dave's systemwide sales hit $617 million last year, up from $392 million in 2023, the Technomic data shows. In 2020, sales were just $22 million. It's not uncommon for trendy food restaurants to hit the gas too quickly on their brick and mortar growth, then suffer when they fall out of style. This is what happened with Subway, which was acquired by Roark last year for over $9 billion after shuttering nearly a quarter of its locations over the past decade. Blaze, Phelps and David' previous venture, shut 30 locations, or 10% of its total stores, last year, according to Kevin Schimpf, senior director of industry research at Technomic. Blaze's sales also dropped from $400 million in 2023 to $357 million in 2024. When asked whether their chain has any reservations about growing too quickly, Dave's leadership is dismissive. 'We understand this business really well,' says Bitticks of Dave's. 'We're going to go from opening 80 restaurants last year to roughly 155 this year, to almost 165 or 170 next year. That's the kind of growth we can maintain.' The company isn't worried about competitors. 'I went into a Popeye's and had their spicy chicken sandwich and said, 'We're going to be rich,' says Phelps. Even beloved brands like Chick-Fil-A and Raising Cane's don't rattle him, citing the eating patterns of his two young adult sons. 'They eat out twice a day,' he says. 'It's not like you only have one shot to eat out this week and it's either Dave's or Raising Cane's.' They're talking a big game but, at least for now, Dave's is still a small fry. According to Phelps, the average Dave's restaurant brings in around $3 million a year in sales (EBITDA margins are between 18% and 20%); data from Technomic suggests that number is closer to $2.5 million. This outpaces the likes of Popeyes, which recorded around $1.9 million in average sales at its more than 2,400 locations last year. But Dave's sales pale in comparison to some of its more ferocious competitors: Chick-Fil-A averaged $9.3 million at its free-standing and drive-thru restaurants last year, while Raising Cane's reportedly hit $6.2 million in average unit volume. Roark began circling Dave's five years ago when it had just 15 locations. The owners joked that the private equity firm was 'stalking' the brand as they were constantly being courted at conferences or, in Phelps' case, even one time on the golf course. Before Dave's Hot Chicken, Bill Phelps cofounded and ran Wetzel's Pretzels until 2019. Dave's Hot Chicken In the end, the owners were keen enough on the $1 billion offer and worried enough about Trump's tariffs and ensuing economic uncertainty that they rushed to close the deal through a 'truncated sales process' after agreeing to the deal initially in January, according to Bitticks. 'The [mergers & acquisitions market] has been very quiet,' echoes Gordon, the restaurant analyst. Plus, there's another good reason for Dave's to get the deal done now: 'Eating out is a form of entertainment,' says Gordon. 'You need to sell when the concept is hot.' What's trending one day may not be trending the next. And as a business deeply rooted in trends, Dave's may be particularly vulnerable to changing cultural tides. Davis, for his part, says it was largely his decision for Dave's owners to cash out when they did. 'We have to take care of our investors and give them the opportunity to get out what they want,' he says. 'What I recommended to all of them is when everything is perfect, that's the time to get out.' He adds that Roark's experience is going to 'open up' Dave's to foreign markets, which his team doesn't have as much expertise in. 'This concept is going to be really good in foreign countries.' Dave's has already sold the rights to open more than 1,000 franchise locations in the U.S., the U.K., the Middle East and Canada over the next five years. Despite the celebratory parade around the sale, Dave's founders and execs insist they are not walking away any time soon. None are contractually obligated to stay on now the Roark deal is done, but they all say they're planning to do so. Oganesyan remains Dave's chief brand officer, while Kopushyan is chief culinary officer. They highlight that they continue to hold a stake in the brand as well as multiple franchise locations. Plus, they say none of the now 55 employees at Dave's HQ have left the company since it was founded seven years ago. As for the customers who may be concerned about what will happen to Dave's in the hands of private equity: 'Our whole journey, when we were in the pop up, people were saying 'Oh when you guys get a store the quality is going to go down.' Then when we started franchising, people were like 'Oh my gosh, the franchising quality is going to go down,'' says Oganesyan. 'Every step of the way, people were always like that. And I think what I was always trying to get across to people is, as long as you have founders and people within the brand who care about the food, they care about the experience, the quality will never go down.'

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