Hopdoddy is being sold to the owner of Chopt and Dos Toros
Founders Table Restaurant Group, which also owns Protein Bar, Fieldtrip, and Sweet Chick, will now have a roster of brands with 200 locations and nearly $500 million in revenue.
June 24, 2026
Founders Table Restaurant Group said on Wednesday that it is acquiring the Austin, Texas-based Hopdoddy. Terms of the deal were not disclosed.
Hopdoddy is a fast-casual burger chain with 47 locations across the U.S., including 30 in Texas. The company generated $138 million in system sales and its restaurants average nearly $2.9 million in sales per location, according to data from Restaurant Business sister company Technomic.
The “better burger” chain is known not just for its burgers but for a bar menu that enables it to sell boozy shakes, margaritas, and local craft beer.
Founders Table, meanwhile, is quietly building an interesting roster of fast-casual chains. The company already owns Chopt, Dos Toros, Field Trip, and Protein Bar.
The company was founded in 2020. Its restaurant chains develop regionally, while the platform approach provides the benefits of scale. Founders Table’s chains now operate more than 200 locations and generate nearly $500 million in annual revenue.
Nick Marsh, the CEO of Founders Table, in a statement called Hopdoddy “a standout brand with all the ingredients we look for: a differentiated concept, passionate guest loyalty, and a commitment to quality that resonates across markets.”
Marsh said his company’s platform will enable Hopdoddy to accelerate growth. Founders Table shares back-end infrastructure across brands, including operations, technology, real estate, and supply chain.
Jeff Chandler, who has been CEO of Hopdoddy for the past decade, will step aside. He announced on LinkedIn earlier this week that he will move into a board advisory role at the chain and will pass the torch to Kenny Jett, the chain’s VP of operations, who will serve as Hopdoddy’s president.
Harrington Park Advisor was the financial advisor to Hopdaddy during the transaction.
About the Author
Jonathan Maze
Editor in Chief, Restaurant Business
Restaurant Business Editor-in-Chief Jonathan Maze is a longtime industry journalist who writes about restaurant finance, mergers and acquisitions and the economy, with a particular focus on quick-service restaurants. He writes daily about the factors influencing the operating environment, including labor and food costs and various industry trends such as technology and delivery.
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