After Bill Phelps and investors built Dave’s Hot Chicken into the fastest-growing franchised restaurant chain and sold it last year in a $1 billion deal, the big question was what they would do next.
The answer: birria tacos.
Phelps and partner Andrew Feghali on Tuesday announced an early-stage investment in the San Diego-based concept Mike’s Red Tacos, which was born in 2021 initially as a food truck known for its birria tacos boasting “the dip is worth the drip.”…