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🟢 NOT PRIVATE EQUITY OWNED

Culver's

fast food · Prairie du Sac, WI

“Family-owned. Cheese curds are sacred.”

Why It's Different

  • •Founded in 1984 by Craig and Lea Culver in Sauk City, Wisconsin; Craig still serves as board chairman
  • •Sold a minority stake to Roark Capital in 2017, but the Culver family retains majority ownership and operational control
  • •1,000+ locations across 26 states with an average unit volume of $3.79 million; uses an owner-operator model where franchisees must work in their own restaurants
  • •Mentorship program turns long-tenured general managers into franchise owner-operators — organic growth, not PE-style rapid expansion