MINNEAPOLIS, Aug. 19, 2013 // GLOBE NEWSWIRE // - Famous Dave's of America, Inc. (Nasdaq:DAVE) announced the Gaithersburg, Md. location will close September 8 and a new restaurant will open the following week in Germantown while construction continues at a site in Timonium.
After more than a decade on Quince Orchard Road in Gaithersburg, Famous Dave's lease will expire next month. "Famous Dave's has been a proud member of the Gaithersburg community for more than 10 years and it has been an honor to serve our guests here," said John Spoon, Director of Operations for Famous Dave's of America. "On behalf of everyone at Famous Dave's, we want to thank all of our guests, team members, area businesses and residents, for making us feel so welcome over the years."
Famous Dave's entered the Maryland market 13 years ago with its first location in Columbia. Spoon said that, "while it's always difficult to close a restaurant, the relocation to Germantown is based on strategic decisions that support our future growth." He added, "We remain committed to a long-term strategy of developing this region and invite our guests to come visit us at one of our other locations."
Part of that strategy includes the new Germantown location at 20660 Seneca Meadows Parkway. The 5,200 square foot full service restaurant will seat 171 Guests and can accommodate another 57 on a 1,600 square foot patio. They plan to open their doors for lunch on Monday, September 16 following a 10:30 Grand Opening celebration.
Approximately two months later, the Timonium community will be able to enjoy Famous Dave's award winning BBQ in a new 175 seat full service restaurant at 2235 York Road, just north of the Maryland State Fairgrounds.
With the addition of the new Germantown location in mid-September, this market will be home to a total of nine Famous Dave's restaurants including Annapolis, Alexandria, Columbia, Falls Church, Frederick, Laurel, Owings Mills and Waldorf. Timonium's November opening will bring the total to ten.
Famous Dave's of America, Inc. (Nasdaq:DAVE) develops, owns, operates and franchises barbeque restaurants. As of the end of its fiscal 2013 second quarter, the company owned 53 locations and franchised 134 additional units in 34 states, the Commonwealth of Puerto Rico and 1 Canadian Province. Famous Dave's 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 almost 700 awards for everything from "Best Ribs" to "Best Bar-B-Que Sauce" to "Best Cookbook" to "Top Barbeque Restaurant Franchise." For more information, please visit www.famousdaves.com.
Statements in this press release that are not strictly historical, including but not limited to statements regarding the timing of our restaurant openings and the timing or success of our expansion plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, which may cause the company's actual results to differ materially from expected results. Although Famous Dave's of America, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectation will be attained. Factors that could cause actual results to differ materially from Famous Dave's expectation include financial performance, restaurant industry conditions, execution of restaurant development and construction programs, franchisee performance, changes in local or national economic conditions, availability of financing, governmental approvals and other risks detailed from time to time in the company's SEC reports.
SOURCE Famous Dave's of America, Inc.
Director of Operations