Fast-casual chain Slim Chickens received a private-equity investment to fuel expansion, with the goal of opening 600 new units over the next decade, the chain announced Wednesday.
The Fayetteville, Ark.-based chain, which currently has more than 80 units across 14 states and internationally, received funding from 10 Point Capital, an Atlanta-based private-equity firm that has also invested in Tropical Smoothie Cafe. Terms of the deal were not disclosed.
Slim Chickens has 350 locations under development deals, the company said, and is slated to open new restaurants across the Southeast and Midwest this fall.
“Our growth is really starting to reach the velocity we’ve been working towards,” COO Sam Rothschild said in a statement.
Slim Chickens was founded 16 years ago by Tom Gordon and Greg Smart. It saw its year-over-year sales grow 15.3% in 2018, to $129.4 million, according to Technomic.
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