Native Grill & Wings Signs Private Investment Deal
New Ownership Group Takes Majority Control Of The Company Lead By CEO Dan Chaon
September 16, 2015 // Franchising.com // CHANDLER, AZ – Native Grill & Wings, an award winning Arizona-based restaurant chain known for its 20 wing flavors that guests can order by the individual wing, has announced its new majority ownership after a private investment deal was signed, leading the way for increased national expansion.
The deal was led by current Native Grill & Wings CEO Dan Chaon, together with Brad Williams, one of the largest Freddy’s Frozen Custards and Steakburgers franchisees in the nation and a small group of various real estate and franchise experts. The group will operate under the name Wingtime LLC.
“This is a major step for Native Grill & Wings becoming the next national powerhouse when it comes to full-service restaurants and chicken wings,” said Chaon. “We have already expanded into several states outside of Arizona and the momentum raised from this deal will open additional doors throughout the country.”
Williams, who formerly practiced law, secured the rights to 60 Freddy’s Frozen Custards and Steakburgers four years ago and has been involved in numerous other business and real estate transactions. “As soon as I had my first experience at Native Grill & Wings, I knew the family-oriented business was something I was interested in,” said Williams.
The original family members will remain owners of a small legacy percentage in the company.
Native Grill & Wings (or, “Native,” as the regulars called it) focuses on food and being family-friendly unlike competitors such as Hooters, Twin Peaks and Buffalo Wild Wings. The polished sports grill proudly offers 20 wing flavors – from Strawberry Hot to Ancho Chile Lime, Asian Garlic to Honey Chipotle – that guests can order by the individual wing, as well as an extensive menu of burgers, sandwiches, salads and more. Most of the sauces and rubs can be used to customize other menu items.
The restaurants are divided into a bar and restaurant, with approximately 30-40 flat screen TVs throughout, offering sports coverage for families and serious fans, and a customer base spanning all generations – baby boomers, Generation Xers and Millennials.
About Native Grill & Wings
Based in Chandler, Arizona, Native Grill & Wings is a family-friendly, polished sports grill with 32 restaurants throughout Arizona, Colorado and Texas. Native, as the brand’s legion of fans call it, serves 20 award-winning wing flavors that guests can order by the individual wing, as well as an extensive menu of burgers, sandwiches, salads and more. Today, combined with a strong leadership team and a growing group of franchisees, Native Grill & Wings is gaining national recognition as one of the fastest-growing concepts in the more than $202 billion full-service restaurant industry. For more information, visit http://nativegrillandwings.com/.
SOURCE Native Grill & Wings