Houston businessman Michael Knobelock is purchasing Captain D’s corporate restaurants in Hattiesburg and Laurel as part of a deal that will include the multi-franchise owner building four new restaurants in Houston.
Knobelock owns 47 Church’s Chickens, 21 Little Caesars units, three Sears Appliance and Hardware stores and a couple of independent restaurant concepts.
The move by Captain D’s is part of its strategy to attract more high-profile franchisees.
This agreement builds on the momentum of last month’s development agreement between D’s and Zaheara Momin and Asif Jariwalla. Momim and Jariwalla, experienced Dairy Queen franchisees, plan to grow the brand in the Atlanta DMA.
“We could not be happier with how 2014 has started for Captain D’s,” Phil Greifeld, CEO and President of Captain D’s said in a news release. “We are excited to bring top-quality franchise operators to the brand that will continue to develop quality growth in targeted markets.”
Headquartered in Nashville, Captain D’s owns, operates and franchises 520 restaurants in 25 states, plus military bases around the world.