Unusual deal for more than 300 units brings together capital, construction and franchisees
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The founders of the Dog Haus chain on Tuesday announced an unusual franchise development agreement that will bring an investment of more than $500 million to fuel the hot dog brand’s growth.
The 21-unit chain has signed with Nashville, Tenn.-based American Development Partners, or ADP, which has pledged to construct more than 300 Dog Haus locations in 11 states over the next seven years. With more than 160 units already in the pipeline, the deal would potentially bring the concept’s unit count to more than 450 restaurants.
Under the deal with ADP, the restaurants will be built on land purchased mostly for “built-to-suit” and standalone Dog Haus locations, which in total have a projected value of more than $500 million.
Capital for the real ...
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