Famous Dave's Refranchising Remaining Company-Owned Locations

Famous Dave's Refranchising Remaining Company-Owned Locations

Franchisees will become the front-and-center focus of Famous Dave's during the next 24 months as the brand refranchises all remaining company-owned locations. Officials say the initiative will generate cash and allow the company to shift its resources and energy to the growth and viability of its franchise system.

The move is the final chapter in the brand's strategy to refranchise. Last year, all of its Chicago-area company-operated locations were sold to a franchisee. The company currently owns 33 locations while its franchisees operate another 135. Famous Dave's is shifting its efforts and focus to the success of its franchisees and says refranchising is a critical initiative to create value for the brand's shareholders.

Mike Lister, chief executive and operating officer for Famous Dave's says transitioning the company-owned restaurant ownership and operations fully to franchisees "will enable our team to focus our efforts on food and beverage innovation, marketing, franchise operations, training, and development."

Published: May 17th, 2017

Share this Feature

Comments:

comments powered by Disqus
Golden Corral
ADVERTISE
SPONSORED CONTENT

Multi-Unit Franchising Topics »

Top Opportunities »


Subscribe »

Multi-Unit Franchisee Magazine

The only publication dedicated exclusively to the hottest topic in franchising - Multi-Unit and Multi-Brand Franchisees.


Attend »

Multi-Unit Franchising Conference

Multi-Unit Franchising Conference

APR. 23-26, 2017 | Caesars Palace, Las Vegas, NV

A unique event because it is highly influenced by its advisory board, consisting of the very best multi-unit franchisees. The board works diligently to ensure that the conference delivers on its promise of being the best platform for franchisees to learn how to grow their businesses.

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)