Famous Dave’s of America, Inc. (NASDAQ: DAVE) President and CEO Christopher O’Donnell announced that Savory Investments, LLC has purchased the right to franchise four Famous Dave’s Legendary Pit Bar-B-Que(R) restaurants in California and Nevada. The California markets covered by the agreement include Redding and Chico, and the Nevada markets include Reno and Sparks. This marks the thirteenth and fourteenth locations in California, as well as the fifth and sixth locations in Nevada.
Following the recent sale of the original location to Lemmon Avenue Holdings, BSCH, Inc. – the partnership between Omni Hotels & Resorts and Bill Lenox which owns the restaurant’s brand – has reached an agreement for the renowned restaurant to continue to operate as a Bob’s Steak & Chop House.
The Steak n Shake Company (NYSE:SNS) announced today its intent to acquire 100% of the issued and outstanding shares of common stock of Fremont Michigan InsuraCorp, Inc. (OTC:FMMH.OB) (BULLETIN BOARD: FMMH.OB) that it does not already own, through an appropriate acquisition entity for $24.50 per share. 50% of the Purchase Price would be paid in cash, and 50% would be paid in shares of the common stock of Steak n Shake
Brinker International, Inc. (NYSE:EAT) announced the opening of the first Maggiano’s(R) location in Saudi Arabia, which also marks the only franchised Maggiano’s restaurant outside of the United States.
Diversified Restaurant Holdings, Inc. (OTCBB: DFRH), the owner/operator and soon to be franchisor of the unique, full service fast-casual restaurant and bar Bagger Dave’s Legendary Burgers & Fries(R) and a leading franchisee and restaurant manager for Buffalo Wild Wings(R), announced today that its wholly owned subsidiary, AMC Wings Inc., has received a financing commitment for the establishment of its eighth Buffalo Wild Wings(R) franchise location. DRH also manages and operates nine Buffalo Wild Wings franchises owned by affiliated parties.
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s leading operator of upscale gentlemen’s clubs, said today it has purchased an adult nightclub located just off Interstate 35 north of Austin, Texas.
Famous Dave’s of America, Inc. (NASDAQ: DAVE) announced that it has entered into a ‘stalking horse’ asset purchase agreement pursuant to which it has agreed to pay cash consideration of $5.0 million to acquire up to nine Famous Dave’s franchise restaurants owned by North Country BBQ Ventures, LLC.
Franchisee Signs on to Open Four More Restaurants in 2010
First Expansion of Company’s Quick Service Restaurant Franchised Brands in South America
The Lightstone Group announced today that Sonic Drive-In has signed a 40,000-square-foot, long-term lease at its Martintown Plaza shopping center in North Augusta, S.C.