Diversified Restaurant Holdings Opens Bagger Dave's Legendary Burger Tavern(R) in Downtown Grand Rapids, Michigan
May 28 2013 - 7:00AM
Diversified Restaurant Holdings, Inc. (Nasdaq:BAGR) ("DRH" or the
"Company"), the creator, developer, and operator of the unique,
full-service, ultra-casual restaurant and bar Bagger Dave's
Legendary Burger Tavern® ("Bagger Dave's") and one of the largest
franchisees for Buffalo Wild Wings® ("BWW"), today announced the
opening of its newest Bagger Dave's in downtown Grand Rapids,
Michigan.
"This is an ideal location as Grand Rapids is Michigan's second
most populous city and the restaurant is surrounded by many
destination and family-oriented venues," stated Michael Ansley,
President and CEO. "This opening is our eleventh Bagger Dave's in
Michigan and the first of four that we plan to open this year in
the state."
Located at 241 Fulton Street NW, the newest Bagger Dave's is up
the street from the Van Andel Arena and only one minute from the
Gerald R. Ford Museum and the Grand Rapids Art Museum.
DRH expects to open six additional Bagger Dave's in 2013, three
in Michigan and three in Indiana.
About Diversified Restaurant Holdings
Diversified Restaurant Holdings, Inc. ("DRH" or the "Company")
is the creator, developer, and operator of the unique,
full-service, ultra-casual restaurant concept, Bagger Dave's
Legendary Burger Tavern® ("Bagger Dave's") and one
of the largest Buffalo Wild Wings® ("BWW")
franchisees. Between the two concepts, the Company currently
operates 47 corporate-owned restaurants in Michigan, Florida,
Illinois, and Indiana, and one franchised Bagger Dave's in
Missouri, for a total of 48 restaurants. The Company routinely
posts news and other important information on its website at
www.diversifiedrestaurantholdings.com.
Bagger Dave's offers a full-service, family-friendly restaurant
and bar with a casual, comfortable atmosphere. The menu features
freshly-made burgers, accompanied by more than 30 toppings from
which to choose, along with fresh-cut fries, hand-dipped
milkshakes, and a selection of craft beer and wine. Signature items
include Sloppy Dave's BBQ®, Train Wreck Burger®, and Bagger Dave's
Amazingly Delicious Turkey Black Bean Chili®. The Bagger
Dave's concept emphasizes local flair by showcasing historical
photos of the city in which each restaurant resides and features an
electric train that runs above the dining room and bar
areas. Currently, there are 12 corporate-owned locations and
one franchised location. For more information, visit
www.baggerdaves.com.
DRH operates 35 BWW restaurants: 17 in Michigan, 10 in Florida,
4 in Illinois and 4 in Indiana. The Company has opened 21 new
BWW restaurants in fulfillment of its 32-store Area Development
Agreement ("ADA") with franchisor Buffalo Wild Wings, Inc.
(Nasdaq:BWLD). The remaining 11 restaurants under the ADA
agreement, along with an additional franchise agreement in Indiana,
suggest that the Company will operate 47 BWW restaurants by
2017.
Safe Harbor Statement
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 our
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.
CONTACT: Investor Contact:
Craig P. Mychajluk
Kei Advisors LLC
716.843.3832
cmychajluk@keiadvisors.com
Company Contact:
David G. Burke
Chief Financial Officer
248.223.9160
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