Famous Dave's Enters Development Agreements for Eight New Restaurants
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Minneapolis, FAMOUS DAVE'S OF AMERICA, INC. (NASDAQ:DAVE) President and CEO David Goronkin announced today that the company has entered into development agreements to franchise eight new Famous Dave's Legendary Pit Bar-B-Que. restaurants in Florida and West Virginia. JP's Bar-B-Que, LLC, has purchased the right to franchise five Famous Dave's restaurants in Charlotte, Collier and Lee Counties in Southwest Florida, and the restaurants are expected to open over the next five years. REX Inc. has purchased the right to franchise three Famous Dave's restaurants in West Virginia, and the restaurants are expected to open over the next four years. JP's Bar-B-Que is owned by Jim Gyarmathy and is based in Fort Myers, Florida. Mr. Gyarmathy's family has been active in the hospitality industry since 1947. REX Inc. is owned by Forrest Rex Donahue and Barbara Donahue and is based in Barboursville, West Virginia. Famous Dave's Bar-B-Que features hickory-smoked St. Additionally, the menu offers barbeque and country roasted chicken, BBQ sandwiches, burgers and salads. 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 Southern Florida Championship Cook Off in Jupiter, Florida, 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. All though 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 Daves 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. Source:Famous Dave's |
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