Dave's Hot Chicken Started in a Parking Lot. It Just Sold for $1 Billion

Dave's Hot Chicken started in an East Hollywood parking lot in 2017 and then exploded in popularity due to a news article and Instagram.

Now, only eight years later, the beloved fried chicken chain, which was founded by three childhood friends, has sold for $1 billion.

Roark Capital, which owns Subway has close a $1 billion deal to purchase Dave's Hot Chicken, according to PennLive.

Although Subway has been losing locations in the past year, the company that will own them...