Famous Dave's Enters Development Agreement for Four New Restaurants in Cleveland, Ohio Area
MINNEAPOLIS--(BUSINESS WIRE)--March 24, 2004-- Buckeye BBQ, LLC, owned and operated by current franchisee Elliott Baum, to develop new locations.
FAMOUS DAVE'S OF AMERICA, INC. (Nasdaq:DAVE) President and CEO David Goronkin announced today that Buckeye BBQ, LLC, owned and operated by current franchisee Elliott Baum, has purchased the right to franchise four Famous Dave's Legendary Pit Bar-B-Que(R) restaurants in the Cleveland, Ohio metropolitan area.
The development agreement for the four new restaurants covers Medina, Cuyahoga, Lake and Geauga counties in Ohio. The restaurants are expected to open over the next five years. Buckeye BBQ owner Elliott Baum is also an owner of Blue Ribbon Restaurants, which currently operates Famous Dave's locations in Westland and Roseville, Michigan and has development rights for the entire Detroit metropolitan area. Buckeye BBQ is headquartered in Southfield, Michigan.
"Famous Dave's is delighted to have Elliott Baum expand his operations into the Cleveland area," said David Goronkin, President and CEO of Famous Dave's. "He has proven to be an outstanding franchisee with his Michigan Famous Dave's restaurants. Cleveland is a thriving city, and Famous Dave's is very proud to be entering the market."
Famous Dave's Bar-B-Que features hickory-smoked St. Louis-style ribs, Texas Beef Brisket, and Famous Dave's award-winning Rich & Sassy(R) BBQ sauce. Additionally, the menu offers barbeque and Country Roasted Chicken, BBQ sandwiches, burgers, and salads. Plus, the restaurant serves up such down home classics as made-from-scratch coleslaw, potato salad, Wilbur Beans, corn bread muffins, and Famous Fries. Famous Dave's delectable homemade desserts include its award-winning bread pudding and hot fudge Kahlua brownie.
Having won awards for everything from best sauce to best ribs to best cookbook, Famous Dave's has received wide acclaim and praise from customers and critics alike. Famous Dave's Rib Team regularly competes in rib competitions across the country, and has raked in 1st place awards at the Great American Rib Cook-off in Ohio, the Sioux Empire Rib-fest in Sioux Falls, South Dakota, the Rib Fest & More in Fargo, North Dakota, the Pontiac Rib America Rib Fest in Pontiac, Michigan, the Twin Cities Rockin' Rib Fest in Minneapolis, Minnesota and the Rib America Indianapolis Rib Fest in Indianapolis, Indiana to name just a few.
About Famous Dave's. Famous Dave's of America, Inc. (Nasdaq:DAVE) develops, owns, operates and franchises barbeque restaurants. The company currently owns 38 locations and franchises 54 additional units in 23 states and has signed development agreements for an additional 155 franchised locations. Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items, sandwiches and unique desserts. For more information, please visit www.famousdaves.com or contact Pat Courtemanche at (612) 782-8305 or email@example.com.
Certain matters discussed within this press release, including timing of the transactions, restaurant openings and expansion plans, may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Famous Dave's of America, Inc. believes the expectation 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.
CONTACT: Golden & Associates Pat Courtemanche, 612-782-8305 firstname.lastname@example.org SOURCE: Famous Dave's of America, Inc.