Arman Oganesyan

16 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Jun 10, 2024 by Arman Oganesyan · across every show →

On the record as a speaker too: Arman Oganesyan's record, appearances and statements → this page counts the times other people say the name.

Everything said about Arman Oganesyan, oldest first

Jun 10, 2024 positive
Disclosure
Celebrity investors helped convince large multi-unit operators to buy franchises
“I think what it really helps with this franchise sales, right? Because as you're going after these really big franchise groups that own hundreds of stores, you know, they don't want to take a risk on a one store or two store concept, you know, as popular as th…”
Arman Oganesyan Jun 10, 2024 ▶ 58:29 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024
Insight
Oganesyan: Scaling restaurants is almost impossible without experienced partners
“The amount of, like, overhead you need, the training, the Scaling. It's almost impossible to do, I think, if you haven't done it before or have people with you that have done it before. It can be really easy to mess it up.”
Arman Oganesyan Jun 10, 2024 ▶ 50:21 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024 negative
Insight
Oganesyan: Major press before operations are ready harms a business
“We knew as much as a Farley article would help us, if it came at the wrong time where we weren't ready for it and we got an influx of customers and we couldn't serve them, then it was actually going to be detrimental to us and not help us.”
Arman Oganesyan Jun 10, 2024 ▶ 30:46 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024 neutral
Disclosure
Founders took zero upfront cash in their 2019 investment deal
“Yeah, but we earned no upfront cash. No, no. We just, the money we raised kind of just went to you know, hiring, you know, operations people and, you know, our head of sales and.”
Arman Oganesyan Jun 10, 2024 ▶ 55:20 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024 positive
Disclosure
Dave's Hot Chicken was built from day one specifically for franchising
“We wanted it to be a franchise, and we wanted it to be this thing, and we were trying to develop it From the ground up as a foundational restaurant to be very franchisable, yet maintain very high quality.”
Arman Oganesyan Jun 10, 2024 ▶ 20:14 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024
Assertion Not checkable as stated
Founders paid themselves $10,000 each in their second month of operations
“The second month was the first month that we actually paid ourselves. And at the end of the month, we had each made like, I think it was like 10 or 11 in cash.”
Arman Oganesyan Jun 10, 2024 ▶ 39:36 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024
Assertion Not checkable as stated
Dave's Hot Chicken launched its original pop-up without operating permits
“Me and Dave were like, oh, we should apply for like all of our like paperwork before we get started. And then Tommy was like, he's like, we're not going to get paperwork. He's like, nobody's going to use paperwork to open up on a street. He's like, we either d…”
Arman Oganesyan Jun 10, 2024 ▶ 27:29 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024 negative
Insight
Oganesyan: Scalable franchise concepts cannot require franchisees to bake fresh bread
“If we're going to be a franchise concept, you know, you can't ask your franchisee to make their own bread.”
Arman Oganesyan Jun 10, 2024 ▶ 20:02 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024
Assertion Not checkable as stated
Founders hid nightly cash in styrofoam to-go containers to prevent robbery
“What we do is we put our cash away in like a styrofoam container, like one of our to-go containers. At the end of the night, we take that home with us.”
Arman Oganesyan Jun 10, 2024 ▶ 40:55 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024 neutral
Assertion Not checkable as stated
Dave's signature brine was discovered accidentally in a Vlasic pickle jar
“And then obviously we added a little bit more recipes to the to the pickle juice, but the pickle juice eventually became our brine. And it was like accidental discovery.”
Arman Oganesyan Jun 10, 2024 ▶ 23:50 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024 positive
Insight
Brands should only franchise to established multi-unit operator groups
“That's actually a much better idea is you only franchise to groups with multiple other stores. That are running really good operations where this is exactly what they do, where when you give them the store and the training manuals and everything, they're going…”
Arman Oganesyan Jun 10, 2024 ▶ 57:28 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024
Disclosure
Oganesyan faked a 'no line' post to pack the restaurant for investors
“On social media, if we ever posted that we didn't have a line, we'd get like hundreds of people coming in because we always had a line. So I fake posted that we didn't have a line just because I wanted to be extra packed up. So when they came in, there was lik…”
Arman Oganesyan Jun 10, 2024 ▶ 53:45 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024
Assertion Not checkable as stated
Dave's Hot Chicken founders launched their original pop-up with a $900 budget
“I had like a few hundred bucks that I had saved up. Dave's like, well, I'm getting my paycheck in like a day or two, and he was going to quit anyway. So he's like, I'll have like a few hundred bucks. And then Tom's like, okay, I'll cover whatever's left, you k…”
Arman Oganesyan Jun 10, 2024 ▶ 27:01 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024 neutral
Disclosure
Founders acquired the Los Angeles territory and own 11 franchise stores
“So we kind of bought the territory of, like, Los Angeles, and with the founders, we own, like, I think, 11 stores now.”
Arman Oganesyan Jun 10, 2024 ▶ 56:18 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024
Insight
Oganesyan: Restaurant operational excellence requires fast throughput on long lines
“What shows like a true quality of a restaurant is having a long line, but getting through it really fast, because that means you have, besides having a lot of customers, you have really good operations. You're able to get all these customers, their food, In, i…”
Arman Oganesyan Jun 10, 2024 ▶ 13:02 Dave’s Hot Chicken: Arman Oganesyan
Jun 10, 2024 neutral
Assertion Not checkable as stated
Dave's Hot Chicken logo originated from a swap meet rubber chicken
“So we bought that chicken and obviously that's eventually what ended up becoming our logo was that rubber chicken.”
Arman Oganesyan Jun 10, 2024 ▶ 22:54 Dave’s Hot Chicken: Arman Oganesyan
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