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The pizza chain backed by LeBron James is close to nabbing a $100 million valuation

The pizza chain backed by LeBron James is close to nabbing a $100 million valuation

Lebron James Blaze Pizza

$4

LeBron James' investment in Blaze Pizza just keeps looking better.

Blaze Pizza, the fast-casual pizza chain backed by NBA star LeBron James, is nearing a deal that would value the company at $100 million, according to $4

The pizza chain is trying to sell a minority stake in the company to a buyout firm in a deal that could be announced next week, according to Bloomberg.

Blaze, which was founded in 2011, is one of the $4 ever, posing a $4 to industry stalwarts like Pizza Hut and Domino's.

The chain opened it's 200th store this week and says it's on track to pull in $300 million in sales this year, up from $184 million in 2016.

Cleveland Cavaliers' superstar LeBron James made waves when he $4 in 2015 in favor of repping the upstart pizza joint, which he bought a stake in back in 2012.

The gamble has paid off for James, and the company is reportedly looking to go public in the next few years.

Business Insider recently $4 the food at the California-based company, which has been dubbed the "Chipotle of pizza."

The verdict: It $4.

NOW WATCH: $4

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