Brand on Fire: Famous Dave’s Signs Deals for 21 New Units
MINNEAPOLIS - (BUSINESS WIRE) - Nov. 5, 2012 - Famous Dave’s, (NASDAQ: 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.”
About Famous Dave’s
Famous Dave’s of America, Inc. (NASDAQ: DAVE) develops, owns, operates and franchises barbeque restaurants. As of October 29 2012, the company owns 53 locations and franchises 132 additional units in 33 states and 1 Canadian province. The menu features award-winning barbequed and grilled meats, a large selection of salads, side items and sandwiches and unique desserts. Famous Dave’s has won over 646 awards for everything from best ribs to best Bar-B-Que sauce to best cookbook. For more information, please visit www.famousdaves.com. In addition, call Brett Larrabee, 952-294-1343 should you have any interest in available territory or growth potential.
Source Famous Dave’s of America, Inc.
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