Expansion by Established Franchisees Grows the Brand With Four New Locations
MINNEAPOLIS, Jan. 21, 2014 (GLOBE NEWSWIRE) -- While cold temperatures blanketed most of the nation, Famous Dave's of America, Inc. (Nasdaq:DAVE) shows it's as hot as its Devil's Spit sauce by opening four locations in Texas, Minnesota, California and North Dakota.
The new locations are owned by well-established Famous Dave's franchisees. "We are thrilled with the commitment to our concept," said John F. Gilbert III, CEO. "We work hard to support our Franchise Partners and this demonstrates their confidence not only in Famous Dave's, but also in the barbeque segment of the restaurant industry."
Yesterday marked the opening of the chain's 196th restaurant as the third location in El Paso, Texas opened its doors. While this spot was previously home to a local restaurant for more than four decades, it has been completely redone and features a fresh new look. Alex Oroczco, a successful franchisee for several concepts including Wendy's and Applebee's, said there's a lot of traffic in the area and "Famous Dave's will be a good addition to this part of the city."
The owners of the Twin Cities' Mall of America location opened their second restaurant in the nearby suburb of Cottage Grove, Minnesota last week. It is a unique Famous Dave's, offering counter service during the day and full service dining in the evening. According to franchisee Pat Buffham, "We are looking forward to bringing a new style Dave's to a local community." In addition, her location features a drive through service which is new to the market.
The Oxnard, California and Williston, North Dakota restaurants have remained busy since their openings last month. "Both Franchise partners have reported being on a wait most nights of the week," said Victor Salamone, VP of Development and Franchise Sales. "We're thrilled to see barbeque bring 'the heat' in two very different markets."
About Famous Dave's
Famous Dave's of America, Inc. (Nasdaq:DAVE) develops, owns, operates and franchises barbeque restaurants. The company owns 54 locations and franchises 142 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 more than 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.
CONTACT: Victor Salamone, Vice President
Development and Franchise Sales
Famous Dave's of America