SOUTHFIELD, Mich. - April 27, 2016 // GLOBE NEWSWIRE // - Diversified Restaurant Holdings, Inc. (NASDAQ:SAUC) ("DRH" or the "Company"), the largest franchisee for Buffalo Wild Wings® ("BWW") and creator and operator of Bagger Dave's Burger Tavern® ("Bagger Dave's"), today announced the opening of a Buffalo Wild Wings location in Bradenton, Florida. This location will be DRH’s 63rd Buffalo Wild Wings restaurant and its 16th in Florida.
The restaurant opened on April 25 and is located in Centre Pointe Commons, a large shopping center located in the heart of Bradenton’s retail corridor. Major national retailers with stores in Centre Pointe Commons include Lowe's, Dick's Sporting Goods and Best Buy. The 6,000 square-foot space features seating for more than 200 inside and out, and the STADIA format, an open-space, stadium-like design for easier game viewing and socializing.
DRH President and Chief Executive Officer, Michael Ansley commented, “The opening of our newest Buffalo Wild Wings restaurant advances our growth strategy, which is focused on expanding our BWW restaurant portfolio. We are confident that this strategy will enhance our financial performance and margins as we further leverage our operational infrastructure, upgrade our BWW restaurants to the STADIA format and benefit from the high and increasing visibility and popularity of the BWW brand on a national level.”
Mr. Ansley added, “This new BWW location is the first of two BWW locations we plan to open in 2016 and builds on our significant presence in Florida, which is concentrated in prime markets on its west coast. Its site placement is an ideal location for us as it includes several major national retailers with customer demographics that align very well with our large sports-minded customer base.”
Diversified Restaurant Holdings, Inc. operates 63 BWW franchised restaurants in key markets in Florida, Illinois, Indiana, Michigan and Missouri. The Company also owns and operates 19 Bagger Dave's restaurants in Indiana, Michigan and Ohio. The Company routinely posts news and other important information on its website at www.diversifiedrestaurantholdings.com.
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, 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 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.
SOURCE Diversified Restaurant Holdings, Inc.
Deborah K. Pawlowski
Kei Advisors LLC