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.
The new restaurant will be in Marquette, Michigan, located at 2492 U.S. Highway 41 West. Construction is underway and the location is scheduled to open by June 1, 2010.
Michael Ansley, President and CEO of DRH, commented, ‘The Marquette location will be our eleventh restaurant owned or managed under our 32 store expansion plan and agreement with Buffalo Wild Wings International, Inc., with a twelfth location planned to open in Chesterfield, Michigan, in a few months. Despite a difficult lending environment, our sound business plan and financial discipline allowed us to secure a financing commitment that will enable us to move forward with our goal of being a major player in the fast-casual restaurant segment.’
In addition to managing 16 existing Buffalo Wild Wings restaurants, DRH owns and operates two Bagger Dave’s Legendary Burgers and Fries restaurants in Michigan. Bagger Dave’s is a unique restaurant concept developed by DRH.