The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 23 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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 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…”
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 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 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 Brown: Chicken Salad Chick generates $75 million a year in revenue
“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 do…”
Chicken Salad Chick reached profitability in 2009, one year after opening
“So we opened January seventh of 2008, and we were making money by 2009.”
Stacy Brown: Inbound Franchise Interest Surpassed 100 People
“And that list quickly grew to over a hundred people that wanted franchises.”
Stacy Brown: Chicken Salad Chick sold out in two hours on day one
“And then people start coming. And a line forms, the line goes out the door, down the sidewalk, and we sell out in two hours.”
Health department shut down Stacy Brown's home-based chicken salad business
“They said this woman is cooking chicken salad out of her home, which was illegal.”
Chicken Salad Chick grew from a home kitchen to $75M annual revenue
“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.”
Stacy Brown owned 51% and Kevin Brown 49% in Chicken Salad Chick
“And we decided to partner on paper, so I was 51%, he was 49, and we were gonna open up a little takeout spot.”
Guy Raz: Chicken Salad Chick is among fastest-growing US restaurant chains
“Now, today, Chicken Salad Chick is one of the fastest growing restaurant chains in America.”
Chicken Salad Chick focused on lunch to avoid extreme restaurant hours
“So the first thing we did that was smart was we primarily serve lunch. So we're not going to be there at four o'clock in the morning Preparing breakfast, and we're not going to be there at two o'clock in the morning closing down a bar.”
Raz: Chicken Salad Chick is among fastest-growing US restaurant chains
“Now, today, Chicken Salad Chick is one of the fastest growing restaurant chains in America.”
Brown: Chicken Salad Chick co-founder Kevin Brown diagnosed with stage 4 cancer at 38
“And so at age 38, Kevin was diagnosed with stage four colon cancer, and it had metastasized to his liver.”
Stacy Brown sold chicken salad door-to-door for $8 per pound
“It was a pound.
[788] Guy Raz: A pound, ok, and how much were you selling it for?
[789] Stacy Brown: I think it was eight dollars”
Chicken Salad Chick funded early expansion solely with first restaurant revenue
“Through the revenue of the first restaurant.”
Chicken Salad Chick reached profitability within one year of its 2008 opening
“So we opened January seventh of 2008 and we were making money by 2009.”