SOUTHFIELD, Mich., Dec. 17, 2013 (GLOBE NEWSWIRE) -- 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 Freshly-Crafted Burger Tavern® ("Bagger Dave's") and one of the largest franchisees for Buffalo Wild Wings® ("BWW"), opened its newest Bagger Dave's in Fort Wayne, Indiana on Sunday, December 15, 2013.
"We accomplished our aggressive Bagger Dave's expansion plans with the opening of our seventh location this year," stated Michael Ansley, President and CEO. "Fort Wayne is Indiana's second largest city and boasts a high quality of life and a low cost of living. We believe our newest Bagger Dave's restaurant will benefit from the demographics of the area, as well as the proximity to a major hospital, hotels and residential areas."
The Company continued to expand its Bagger Dave's brand in 2013, opening seven restaurants for a current total of 19 locations. In 2014, DRH plans to add another eight Bagger Dave's in Michigan and Indiana, a 42% unit increase over the current total.
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 Freshly-Crafted Burger Tavern® ("Bagger Dave's") and one of the largest Buffalo Wild Wings® ("BWW") franchisees. Between the two concepts, the Company currently operates 54 corporate-owned restaurants in Michigan, Florida, Illinois, and Indiana, and one franchised Bagger Dave's in Missouri, for a total of 55 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. Currently, there are 18 corporate-owned locations and one franchised location. For more information, visit www.baggerdaves.com.
DRH operates 36 BWW restaurants (18 in Michigan, 10 in Florida, 4 in Illinois, and 4 in Indiana), including the nation's largest BWW, based on square footage, in downtown Detroit, Michigan. The Company is on track to fulfill its area development agreement with franchisor Buffalo Wild Wings, Inc. (Nasdaq:BWLD) and plans to operate approximately 48 BWW restaurants by the end of 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 firstname.lastname@example.org Company Contact: David G. Burke Chief Financial Officer 248.223.9160
Source:Diversified Restaurant Holdings, Inc.