Fri, Aug 29, 2014, 5:38 AM EDT - U.S. Markets open in 3 hrs 52 mins

Recent

% | $
Quotes you view appear here for quick access.

Famous Dave's of America Inc. Message Board

  • cfg2112 cfg2112 Nov 5, 2012 10:02 AM Flag

    Famous Dave's Signs Deals for 21 New Units

    Brand on Fire: Famous Dave's Signs Deals for 21 New Units

    Last update: 11/5/2012 9:00:15 AM


    MINNEAPOLIS, Nov 05, 2012 (BUSINESS WIRE) -- Famous Dave's, (DAVE), leveraging its range of build-out and service models designed to fit virtually any real estate space, announces its largest deal signed this year. The Minneapolis-based, 185 -unit award-winning barbecue and restaurant concept continues to accelerate growth as it recently signed deals for 16 units in San Diego/Los Angeles/Ventura County and Sacramento, two units in Riverside, CA and Montebello, CA, and one unit each in Lansing, MI, Independence, MO and Yakima, WA.

    "We continue to generate growth of our award-winning brand," said John Gilbert, CEO of Famous Dave's. "With this signing, we are getting a great head-start on our goal of adding 50 new locations over the next two years. With even more deals on the table, Famous Dave's growth potential looks outstanding."

    The growing brand presence of Famous Dave's is fueling the expansion, as well as an evolving real estate investment that is in line with both consumer demand and available real estate. Potential franchisees can choose from a full-service, casual dining model or the newly-launched "Shack" concept, the brand's fast-casual, high-quality, quick-serve concept, allowing the restaurant to fit a variety of available real estate space. With locations in 33 states and the recipients of over 646 awards from best ribs to best barbecue sauce, Famous Dave's has quickly become associated with some of the best, most consistent barbecue in every market it serves, attracting franchisees from all over North America, including Canada.

    "We opened our first international location this past July in Winnipeg, and it has blown away all expectations, earning the highest sales we have ever seen at any location," said Brett Larrabee, Director of Franchise Sales and Development. "What this tells us is great barbeque translates anywhere as we continue to focus on emerging markets, including our friends to the North as well as the Southeast."

    As Famous Dave's continues to expand to new territories with real estate concepts that fit any potential franchisee's needs, the brand is poised to continue to be the go-to barbeque concept in every community it serves.

    "Despite an environment that has been challenging for restaurant unit growth, we continue to push forward with expansion. One upside of the current real estate climate is we are seeing some of the best site opportunities in Famous Dave's history," said Gilbert. "We look forward to serving award-winning barbeque to even more of our fans on their terms - in our restaurants, in their homes, and at their most special occasions."

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
DAVE
27.20+0.09(+0.33%)Aug 28 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Viacom, Inc.
NasdaqGSThu, Aug 28, 2014 4:00 PM EDT
Williams-Sonoma Inc.
NYSEThu, Aug 28, 2014 4:02 PM EDT