Stacy Brown, founder of Chicken Salad Chick, describes the company's revenue growth from its early startup days.
0:00 / 0:18exact quote · 19.0s
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“The one thing that raises heads of the students are when I say remember about what you're capable of when your passion is involved, because this was a business that only needed to make 500 dollars a month to make ends meet is now making seventy five million dollars a year.”
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More from Stacy Brown
AssertionNot checkable as stated
Stacy Brown: Partners demanded $1.3M within 30 days to be bought out
“And they said, here's our price, which was three times the amount that they had purchased four months earlier.
And not only is this is our price, but you have 30 days to get it to us.
How much were they asking for?
1.3.
1.3 million.”
Stacy BrownDec 30, 2019▶ 37:02Chicken Salad Chick: Stacy Brown (2018)
Disclosure
Stacy Brown: Chicken Salad Chick sold a 51% stake to franchising partners
“They wanted 51% of the business.
And Kevin was, you know, completely no.
That's not going to happen.
But, you know, I rationalized it out by saying, we really didn't have plans of getting into the franchising business, and so our exit strategy is probably goin…”
Stacy BrownDec 30, 2019▶ 34:52Chicken Salad Chick: Stacy Brown (2018)
AssertionNot checkable as stated
Partners demanded $1.3M buyout before any Chicken Salad Chick franchises opened
“1.3 million. And keep in mind that at this point, we didn't have a single franchise open.”
Stacy BrownJul 2, 2018▶ 37:23Chicken Salad Chick: Stacy Brown
Insight
Stacy Brown: Hairstylists and teachers are the gateway to local communities
“The gateway to communities are hairstylists and teachers. If you can get a good product in the mouths of hairstylists and teachers, you will be connected to every family in town.”
Stacy BrownDec 30, 2019▶ 15:50Chicken Salad Chick: Stacy Brown (2018)
AssertionSupported
Stacy Brown: Investor Erlen McCorder funded their entire emergency buyout
“And Kevin's phone rang, and one of the gentlemen in that meeting, his name was Erlen McCorder, and he said, can you two come back to the restaurant?
And we said, sure, and we whipped the car around.
We get back to the restaurant, and we sit in a booth with thi…”
Stacy BrownDec 30, 2019▶ 40:05Chicken Salad Chick: Stacy Brown (2018)
Insight
Stacy Brown: Hairstylists and teachers are the gateway to local community marketing
“The gateway to communities are hairstylists and teachers. If you can get a good product in the mouths of hairstylists and teachers, you will be connected to every family in town.”
Stacy BrownJul 2, 2018▶ 15:52Chicken Salad Chick: Stacy Brown
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