July 25, 2019
Chicken Salad Chick reported this week that it closed Q2 by achieving its 14th consecutive quarter of positive same-store sales growth and opening 20 restaurants. Additionally, the brand signed 12 franchise agreements to develop 34 locations throughout Illinois, Texas, Florida, North Carolina, Kentucky and Arkansas.
"We're projecting to have 149 restaurants open and operating by the end of the year, more than tripling the size of our system since 2015, which would make 2019 our most successful year yet," CEO Scott Deviney, said in a company press release.
This accelerated growth comes on the heels of a successful 2018, where Chicken Salad Chick reported more than $110 million in systemwide revenue and a 10% increase in average unit volume year over year.
As part of its growth strategy, Chicken Salad Chick is targeting franchise development throughout the South and Midwest, specifically Virginia, Texas, Nebraska and Iowa, and is seeking individuals with an entrepreneurial spirit who possess high energy and enthusiasm about the brand, marketing skills and the ability to manage a strong team.
Interested candidates should have a minimum net worth of $600,000 and liquid assets of at least $150,000, the company said. Franchisees can expect the initial investment to be about $515,000-683,000 with a $50,000 initial franchise fee, according to the release.
Chicken Salad Chick opened in 2008, and now has 124 units.