Home / General / Dave’s Hot Chicken CEO Sold for $1 Billion. Now He’s Betting on a New Startup

Dave’s Hot Chicken CEO Sold for $1 Billion. Now He’s Betting on a New Startup

Mike’s Red Tacos, a new franchised birria taco business, is taking a page from the Dave’s Hot Chicken playbook.

Unless you live in Southern California, you probably haven’t heard of Mike’s Red Tacos, but that’s likely to change soon. Phelps and his partners have secured franchise development agreements for more than 200 new locations around the country. And he… [1900 chars]

Source: Inc. Magazine | Published: 2026-02-24T10:00:00Z

Credit: Inc. Magazine

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