E ight years after pooling their combined savings of $900 to sell fried chicken out of a yellow pop-up tent in East Hollywood, the four young founders of Dave’s Hot Chicken are

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.

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.

Private equity firm Roark Capital has signed a deal to acquire US-based group Dave’s Hot Chicken for roughly $1bn

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,