Type Public Industry Food Founder Jack Fulk Number of locations 600 | Traded as NASDAQ: BOJA Key people Clifton Rutledge (CEO) Motto It's BoTime! | |
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Founders Jack Fulk
Richard Thomas Products Fast food, including fried chicken, biscuits, french fries aka seasoned fries Stock price BOJA (NASDAQ) US$ 20.65 +0.15 (+0.73%)3 Mar, 4:00 PM GMT-5 - Disclaimer Headquarters Charlotte, North Carolina, United States Founded 1977, Charlotte, North Carolina, United States CEO Clifton Rutledge (24 Jan 2014–) Profiles | ||
Bojangles' Inc. is a Southeastern regional chain of fast food restaurants based in Charlotte, North Carolina, specializing in mild cajun seasoning, "Cajun" fried chicken and buttermilk biscuits. The company was founded in Charlotte, in 1977 by Jack Fulk and Richard Thomas.
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In April 2015, the company filed with the US regulator for an initial public offering of its common stock, expecting to raise $372 million.
Ownership history
Jack Fulk sold the Bojangles' concept to a now-defunct New York company, The Horn & Hardart Company, in 1981.
During the time of Horn and Hardart's ownership the chain grew rapidly and expanded to 335 restaurants including 100 restaurants in Florida. Part of this growth was fueled by acquisitions including the Florida-based Biskits chain.
In 1990, Horn and Hardart sold most of its interest to Sienna Partners and Interwest Partners. The company was then headed by former KFC executive, Dick Campbell. In 1994 the company attempted a public offering. Dick Campbell was subsequently replaced by CEO Jim Peterson. The company was sold to a group of investors headed by former Wendy's executive Joe Drury and financed by FMAC in 1998.
Bojangles' was purchased once again in 2007 by Falfurrias Capital Partners, a private equity firm. In August 2011, Falfurrias sold Bojangles' to Boston-based Advent International, another private equity firm, after a competitive bidding process with other investors.
The company has restaurants in 11 states and the District of Columbia and three restaurants in Roatan Island, Honduras. At various times Bojangles' has franchised restaurants in Grand Cayman Island, Jamaica, Mexico, Ireland and China, as well as restaurants on mainland Honduras.
The company opened its 600th restaurant on July 8, 2014, on Galleria Road in Charlotte with Charlotte mayor Dan Clodfelter cutting the celebratory ribbon.
Menu items
Bojangles' serves a variety of Southern staples, including fried chicken (tenders or bone-in pieces), mashed potatoes, green beans, coleslaw, and other similar dishes. The restaurant's signature items include dirty rice (sausage and specially seasoned rice), chicken supremes (chicken strips), and Cajun pinto beans along with its signature biscuits and sweetened iced tea. The restaurant also produces its own signature dipping sauce, Bo Sauce.
Cheddar Bo, with cheddar cheese in a buttermilk biscuit, was available only in eastern North Carolina and Virginia. In January 2015, it was offered at 500 locations in the Southeastern United States for a limited time.