"Derrick Hayes, the millennial founder and CEO of multimillion-dollar chain Big Dave's Cheesesteaks, grew up in "survival mode" selling bean pies and newspapers in Philadelphia. Once he hit success by selling a $12 cheesesteak every 58 seconds, he decided to splurge on luxury cars, including Bentleys, a McLaren, Audi R8, and G-Wagon. But in this economy, he says, people should spend wisely as everything is too uncertain."
"In 2014, the Philly native launched the chain after his ailing dad wished for him to start his own business-so he opened the first location, named after his late father, in a Shell gas station in Dunwoody, Georgia. And ten years later, the restaurant has exploded across the U.S. with 12 locations, with two of Big Dave's hotspot locations in Atlanta bringing in $1.1 million to $1.8 million in net sales last year alone."
Derrick Hayes grew up in "survival mode" selling bean pies and newspapers in Philadelphia. He launched Big Dave's Cheesesteaks in 2014, opening the first location in a Shell gas station in Dunwoody, Georgia, named after his late father. Over ten years the chain expanded to 12 U.S. locations. Two Atlanta locations generated $1.1 million to $1.8 million in net sales last year. The restaurants sell cheesesteaks every 58 seconds, with sandwiches priced from $11.99 to $46.99 for specialty options. After success, Hayes purchased luxury cars but has recently scaled back discretionary spending due to economic uncertainty.
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