Charlotte-based Bojangles may soon be changing ownership, as the fast-food chain explores a possible sale that could exceed $1.5 billion. The fried chicken and biscuit brand has reportedly enlisted investment bankers to evaluate offers, according to The Wall Street Journal.
Founded in 1977, Bojangles is one of the most iconic brands in the Carolinas, with hundreds of restaurants nationwide.
According to the company’s website, they were sold in 2019 to Jordan Company & Durational Capital Management for roughly $500 million.
company may ultimately decide not to sell. Bojangles has not publicly commented on the matter.
Meanwhile, the chain continues its national growth. It’s now planning to expand to California for the first time, planning 30 new LA locations over the next few year.
