Published:
DRH Signs Franchise Agreement For 12th Buffalo Wild Wings Location in 32 Store Expansion Plan
SOUTHFIELD, Mich. - (BUSINESS WIRE) - Diversified Restaurant Holdings Inc. (OTCBB: DFRH) announced today that
it has signed a franchise agreement to operate a new Buffalo Wild Wings
in Chesterfield, MI. The store is slated to open in 2010. This is their
12th restaurant out of a recently executed 32 Store Area
Development Agreement with Buffalo Wild Wings International, Inc.
"It is a privilege to be a franchisee of Buffalo Wild Wings, which is
one of the Top 10 fastest-growing restaurant chains in the country. The
Chesterfield location represents another key step in our plan to build
Diversified Restaurant Holdings into a major player in the fast casual
restaurant segment. We feel that Buffalo Wild Wings is a great brand and
we look forward to opening more locations over the next nine years,"
stated T. Michael Ansley, President and CEO of Diversified Restaurant
Holdings, Inc.
About the Company
Diversified Restaurant Holdings, Inc. is a restaurant management
company, handling the operations of 16 Buffalo Wild Wings restaurants;
five in Florida and 11 in Michigan. Previously, the company has received
franchise awards for the Highest Annual Restaurant Sales and operates
four out of the top 25 franchise restaurants in sales volume in the
Buffalo Wild Wings system. The company also owns and operates its own
restaurant concept, Bagger Dave's Legendary Burgers and Fries,
which falls within the fast-casual dining segment. Currently there are
two locations in the State of Michigan.
About Bagger Dave's
Diversified Restaurant Holdings, Inc. launched Bagger Dave's in January
2008 with the first location in Berkley, MI and the second in August
2008 in Ann Arbor, MI. The menu features freshly made burgers (never
frozen) accompanied by more than 30 toppings to add-on, fresh-cut fries,
and hand-dipped milkshakes. Signature items include Sloppy Dave's BBQ ,
Train Wreck Burger, and Bagger Dave's Amazingly Delicious Turkey Black
Bean Chili. The concept focuses on local flair with the interior
showcasing historic photos of the city in which it resides. There's also
an electric train that runs above the dining room and bar areas. All
current and future locations will be smoke-free.
About Buffalo Wild Wings
Buffalo Wild Wings, Inc., founded in 1982 and headquartered in
Minneapolis, Minnesota, is an established and growing owner, operator,
and franchisor. The widespread appeal of the Buffalo Wild Wings concept
establishes its restaurants as an inviting, neighborhood destination
with more than 591 restaurants in 40 states.
Safe Harbor Statement
In addition to historical information, this press release may contain
statements that constitute forward-looking statements within the meaning
of the Securities Act of 1933 and the Securities Exchange Act of 1934,
as amended by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements contained in this press release include the
intent, belief, or expectations of the Company and members of its
management team with respect to the Company's future business operations
and the assumptions upon which such statements are based. Prospective
investors are cautioned that any such forward-looking statements are not
guarantees of future performance, and involve risks and uncertainties,
and that actual results may differ materially from those contemplated by
such forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth, client
discontinuances, failure to realize improvements in performance,
efficiency and profitability, and adverse developments with respect to
litigation or increased litigation costs, the operation or performance
of the Company's business units or the market price of its common stock.
Additional factors that would cause actual results to differ materially
from those contemplated within this press release can also be found in
the Company's SEC Filings. The Company disclaims any responsibility to
update any forward-looking statements.
Diversified Restaurant Holdings Inc.
Shannon Kubenez, Director of
Marketing
248-223-9160 x103
skubenez@baggerdaves.com
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