SOUTHFIELD, Mich. - June 21, 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 Cape Coral, Florida. This location is DRH’s 64th BWW restaurant and its 17th in Florida.
The restaurant opened on June 20 and is located at 307 SW Pine Island Road, in close proximity to several major national retailers, including Sam’s Club and Kohl’s. The 5,805 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. The restaurant will hold two signature events weekly, Wing Tuesdays® and Boneless Thursdays®, which feature traditional or boneless wings at a special price.
Michael Ansley, President and Chief Executive Officer, commented, “With this opening, we are completing our new BWW restaurant expansion plans for 2016, which kept growth of new restaurants at a modest level this year as we focus our investments on pushing out the successful Stadia design to more BWW locations. Our long-term growth strategy calls for continued growth and enhancement of our sizable BWW portfolio, which we are confident will support the pay down of debt and steadily increase our earnings power.
“Our new BWW restaurant is our second in the Cape Coral-Fort Myers metro area and also builds on our significant presence in Florida, which is concentrated in prime markets on its west coast. It is located in a dynamic commercial and residential area and is ideally situated to become the place for lunch, after-work socializing and a gathering spot to watch sporting events.”
Diversified Restaurant Holdings, Inc. operates 64 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