Industry News | January 16, 2008

Teen Makes Offer to Buy Moby Dick Chain

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Through his investment company, Javan Capital Partners LLC, 19-year-old Artin Afsharjavan, owner of the Bethesda, Maryland, Persian restaurant Javan, has made an offer to purchase the kabob chain Moby Dick House of Kabob for $8 million in cash. The offer is for acquisition of Moby Dick House of Kabob holdings, its 13 locations, and name rights.

Artin Afsharjavan says, “My goal is to fund the expansion of the Moby Dick House of Kabob chain across the eastern United States to major metropolitan areas. Moby Dick’s current owners have done a good job, establishing a fantastic brand and growing the chain to its present size with locations in and around the Washington D.C. area. However, with our capital resources and their management we can expand rapidly beyond Moby Dick’s’ current size.”

QSR writer Marilyn Odesser-Torpey wrote about Moby Dick in the magazine's October feature "Cashing in on Kabobs."