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Earnings Claims of Top Franchises Revealed

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FDD Talk 2013: Average Sales and Operating Expenses of Certain Famous Dave’s Restaurants (2013 FDD)

by Franchise Chatter on July 9, 2013

in BBQ Franchise,Fast Casual Restaurant Franchise,Franchise Earnings



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Highlights of Famous Dave’s Item 19 Financial Performance Representations (2013 FDD)

  • Unless otherwise indicated, the information in this Item 19 was compiled from 52 company-owned and 123 franchised Famous Dave’s Restaurants open for the entire fiscal year ended December 30, 2012 and 2 company-owned and 10 franchised Famous Dave’s Restaurants open for a portion of the fiscal year ended December 30, 2012.
  • Famous Dave's Barbecue Photo by SeeMontereyThis includes company-owned and franchised Famous Dave’s Restaurants located in 34 states and one Canadian province.
  • The company-owned Famous Dave’s Restaurants included in this Item are substantially similar to franchised Famous Dave’s Restaurants. However, the amount of revenues and expenses incurred will vary from Restaurant to Restaurant. In particular, the revenues, expenses, and profitability of your Restaurant will be directly affected by factors which include:
  • the Restaurant’s geographic location;
  • competition in the market;
  • presence of other restaurants;
  • the quality of both management and service at the Restaurant;
  • contractual relationships with lessors and vendors;
  • the extent to which you finance the operation of your Restaurant;
  • your legal, accounting, and other professional fees;
  • federal, state, and local income taxes, gross profits taxes, or other taxes;
  • discretionary expenditures;
  • accounting methods used;
  • certain benefits and economies of scale which Famous Dave’s may derive as a result of operating restaurants on a consolidated basis;
  • and fees payable to the franchisor by franchised Famous Dave’s Restaurants.

Explanatory Notes for Section I – Average Sales for System-wide Restaurants in 3 Sales Ranges and Expenses for Company-Owned Restaurants in 3 Sales Ranges for the Fiscal Year Ended December 30, 2012

  • The table below reflects average system-wide sales by three sales ranges:  below $2 million, $2 million to $3 million, and above $3 million for all company-owned and franchised Restaurants open all of fiscal 2012. It also provides the number of Restaurants and average square footage for each of these sales ranges.
  • All percentages shown, with the exception of the number of Restaurants as a percentage of total Restaurants, are as a percentage of net sales.
  • Restaurant Sales, Net – Includes food, liquor, and merchandise sales, net of discounts, for both full-service and counter company-owned and franchised Restaurants open all of fiscal 2012.
  • Food and Beverage Costs – Include food, liquor, and merchandise costs, less supplier rebates and discounts for the company-owned Restaurants open all of fiscal 2012.
  • Labor and Benefit Costs – Include direct labor costs and overtime, as well as management salaries and bonus. Additionally, included in the category is employee benefit costs comprised of payroll taxes, paid time-off, workers compensation, and medical insurance for the company-owned Restaurants open all of fiscal 2012.
  • Operating Costs – Include all other Restaurant operating costs such as supplies, utilities, repair and maintenance, advertising costs, as well as bank charges and supervisory expense. However, these costs exclude occupancy costs and depreciation expense for the company-owned Restaurants open all of fiscal 2012.
  • Operating Margin Before Occupancy Costs and Depreciation – Applies to company-owned Restaurants open all of fiscal 2012.

Explanatory Notes for Section II – Average Weekly System-wide Sales of Famous Dave’s Restaurants by Region

  • The information in the following table was compiled from the 52 company-owned Famous Dave’s Restaurants and 123 franchised Famous Dave’s Restaurants open for the entire fiscal year ended December 30, 2012.

Explanatory Notes for Section III – Statement of Average Annual Revenues for Franchised Famous Dave’s Restaurants for the Fiscal Year Ended December 30, 2012

  • The following table was compiled using data only from the franchised Famous Dave’s Restaurants that were open for the entire fiscal year 2012.

Explanatory Notes for Section IV – Statement of Average Annual Revenues for Company-Owned Famous Dave’s Restaurants for the Fiscal Year Ended December 30, 2012

  • The following table was compiled using data only from the company-owned Famous Dave’s Restaurants that were open for the entire fiscal year 2012.

Section I – Average Sales for System-wide Restaurants in 3 Sales Ranges and Expenses for Company-Owned Restaurants in 3 Sales Ranges for the Fiscal Year Ended December 30, 2012

Below $2 Million



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