Management believes that there’s more upside potential by continuing to create more compelling and relevant shopper propositions for both dine-in and off-premise channels. Grocery retailer means any retail institution, the business of which consists of the sale of food, food merchandise, or beverages for consumption off the premises. Opening a franchise is not any less expensive than opening your individual standalone business. It’s important to understand that when you’re considering purchasing a franchise.

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The chef pedigree behind Dave’s—co-founder Dave Kopushyan worked underneath Thomas Keller of French Laundry—and the meals high quality make it stand out, said Hajj. And it’s a “cool model,” he added, which the youthful population in nations such as Saudi Arabia are hungry for. Hajj’s and Alhokair’s mixed experience played a giant position in Dave’s Hot Chicken shifting forward with development within the Arabian Gulf area. Fajr Capital, which has investments throughout the Middle East and Southeast Asia, later acquired Hajj’s remaining 20 % stake.

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