SOUTHFIELD, Mich., July 15, 2014 (GLOBE NEWSWIRE) -- Diversified Restaurant Holdings, Inc. (BAGR) ("DRH" or the "Company"), the creator, developer and operator of the unique, full-service, ultra-casual restaurant and bar Bagger Dave's Burger Tavern(R) ("Bagger Dave's") and one of the largest franchisees for Buffalo Wild Wings(R) ("BWW"), continues its restaurant growth plan with the recent opening of a new BWW in Pinellas Park, Florida on Sunday, July 13, 2014. A stand alone stadia design restaurant near the intersection of Park Boulevard North and 66th Street North in the Greater St. Petersburg area, the restaurant is easily accessible for an area that has over 270,000 residents.
Michael Ansley, President and CEO of DRH commented, "We are really excited about the location for our newest BWW. Approximately 60,000 vehicles pass by on a daily basis and it is located within close proximity to a large movie theatre and shopping complex. This mix has proven to be an ideal location for our restaurants. This new stadia design restaurant continues the build-out of our growing presence in the Florida market. We look forward to this new high-traffic location becoming an integral part of the Pinellas Park community."
For the remainder of 2014, DRH will build on its demonstrated success as a BWW franchise by expanding in both the mid-west and Florida markets. The Company will also continue the expansion of the innovative Bagger Dave's brand in the mid-west, bringing the total number of Bagger Dave's locations to 26 by the end of 2014.
DRH's newest BWW can be found at 4075 Park Blvd. Pinellas Park, FL 33781.
About Diversified Restaurant Holdings
Diversified Restaurant Holdings, Inc. (BAGR) ("DRH" or the "Company") owns and operates Bagger Dave's Burger Tavern, a full-service, family-friendly restaurant and full bar with a casual, comfortable atmosphere specializing in custom-built, proprietary, fresh prime rib recipe burgers, all-natural turkey burgers, hand-cut fries, locally crafted beers on draft, hand-dipped milk shakes, salads, black bean turkey chili, and much more. Currently, there are 20 company-owned Bagger Dave's restaurants in Michigan and Indiana. DRH plans to open six additional company-owned locations during 2014 in Indiana and Michigan. For more information, visit www.baggerdaves.com.
The Company also operates 40 Buffalo Wild Wings Grill & Bar franchised restaurants in Indiana, Illinois, Michigan, and Florida, with an Area Development Agreement to open an additional 12 locations by 2017. DRH plans to open two more units in 2014.
The Company routinely posts news and other important information on its website at www.diversifiedrestaurantholdings.com.
Safe Harbor Regarding Forward Looking Statements
The information made available in this news release contains forward-looking statements which reflect DRH's current view of future events, results of operations, cash flows, performance, business prospects and opportunities. Wherever used, the words "anticipate," "believe," "expect," "intend," "plan," "project," "will continue," "will likely result," "may," and similar expressions identify forward-looking statements as such term is defined in the Securities Exchange Act of 1934. Any such forward-looking statements are subject to risks and uncertainties and the Company's actual growth, success with acquisitions, the success of new locations, results of operations, financial condition, cash flows, performance, business prospects and opportunities could differ materially from historical results or current expectations. Some of these risks include, without limitation, the impact of economic and industry conditions, competition, food and drug safety issues, store expansion and remodeling, labor relations issues, costs of providing employee benefits, regulatory matters, legal and administrative proceedings, information technology, security, severe weather, natural disasters, accounting matters, other risk factors relating to our business or industry and other risks detailed from time to time in the Securities and Exchange Commission filings of DRH. Forward-looking statements contained herein speak only as of the date made and, thus, DRH undertakes no obligation to update or publicly announce the revision of any of the forward-looking statements contained herein to reflect new information, future events, developments or changed circumstances or for any other reason.
- Consumer Discretionary
- Investment & Company Information
- Buffalo Wild Wings
- Pinellas Park, Florida
For more information contact:
Alex P. Hamilton/Deborah K. Pawlowski
Kei Advisors LLC
Chief Financial Officer