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

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.

Dave's Hot Chicken is known for its use of bright colors inside and outside its restaurants. Now that branding is causing friction as the chain moves to open its fourth Albany region location.