Popular Bojangles restaurant chain up for sale, report says
CHARLOTTE, N.C. - A Charlotte-based and founded fast food chain is reportedly up for sale.
The Wall Street Journal reported Bojangles – with around 15 locations in the CSRA – is on the market and could sell for more than $1.5 billion.
According to Bojangles’ website, the popular chicken chain was sold to The Jordan Company & Durational Capital Management in 2019. The Wall Street Journal said that sale was for roughly one-third of the current estimated $1.5 billion price tag.
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Bojangles has deep roots in Charlotte, going all the way back to the first restaurant, which opened on West Boulevard in 1977. Since then, the chain has grown to include about 800 restaurants across 17 states.
Known for its chicken and biscuits and seasoned fries, Bojangles’ corporate headquarters are located in south Charlotte.
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The chain has long been associated with the Carolina Panthers, and former team owner Jerry Richardson once had an ownership stake in Bojangles. Bojangles continues to be the Panthers’ “official tailgating partner” and has a deal with quarterback Bryce Young.
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