One of the biggest names to come out of the Nashville-style hot chicken trend of the past decade actually started in a California parking lot. Now, the 8-year-old fast food chain is parlaying its early business acumen into a brand deal that could be worth a staggering $1 billion.

The private equity firm is in advanced talks for the acquisition, according to the Wall Street Journal. Roark Capital also owns Subway, Arby's, Jimmy Johns, Baskin-Robbins and Car

The Atlanta private equity firm that purchased Miami-based Subway last year is reportedly nearing its next big restaurant industry acquisition.

Private-equity firm Roark Capital is in advanced talks to acquire Dave’s Hot Chicken for roughly $1 billion, according to people familiar with the matter. A deal could be announced soon, granted the talks don’t hit any snags,

Dave’s Hot Chicken is reportedly close to being acquired by private equity firm Roark Capital for $1 billion, according to the Wall Street Journal. Sources told the publication that a deal “could be announced soon” if there are no hurdles.

Roark Capital Group is in advanced talks to buy Los Angeles-based restaurant chain Dave's Hot Chicken, according to a Wall Street Journal report citing anonymous sources. The deal could be announced soon and would be worth roughly $1 billion, per the report.

Jackson, former California first lady Maria Shriver, Boston Red Sox Chairman Tom Werner, and rapper Drake, and it consistently placed among the best hot chicken restaurants ( we ranked it #2 in L.A.) and among the most successful franchises.

The company expects the channel, offered via ezCater, to make up as much as 10% of its business within a year.

Dave’s Hot Chicken, which started as a humble street-food stand in East Hollywood turned celebrity-backed industry giant, could soon become a 10-figure company. According to a recent report from the Wall Street Journal,