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, known for its Nashville-style hot chicken, is on the brink of a sale to Roark Capital for $1bn.

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

Private-equity firm Roark Capital is in advanced discussion to purchase Dave's Hot Chicken for about $1 billion. A deal could happen soon, as long as no issues arise, according to a  WSJ report on Tuesday,