Highlights of Huddle House’s Item 19 Financial Performance Representations (2014 FDD) – Part 1 of 5
- The tables in Parts 1, 2, and 3 summarize the operational results of certain franchised Huddle House Restaurants during fiscal year 2014 (from April 28, 2013 to May 3, 2014).
- Based on the financial information reported to Huddle House, the three tables represent the higher performing franchised Huddle House Restaurants, based on EBITDAR as a percent of sales.
- In total, 201 franchised Huddle House Restaurants reported certain operational results to Huddle House for fiscal 2014.
- The first table is the top 20%, the second table is the top 40%, and the third table is the top 60%.
- Included in the top 20% are 40 Restaurants, the top 40% includes 80 Restaurants, and the top 60% includes 121 Restaurants.
- These 121 Huddle House Restaurants represent 60.2% of the 201 franchised Huddle House Restaurants that reported data, and 32.1% of the total 377 franchised Huddle House Restaurants that were in operation at the end of the 2014 fiscal year.
- Of these 121 reporting Huddle House Restaurants included above, none were newly opened in the 2014 fiscal year.
- The 121 franchised Huddle House Restaurants included in the tables, submitted to Huddle House reports for approximately 77.9% of the possible reporting periods.
- Four Huddle House Restaurants which closed during fiscal 2014 did report data, and the data is included in these results.
- Also, the results reported by 3 franchised Huddle House Restaurants were excluded because they either did not report COGS (Food Cost), Crew Labor, or Operating Expenses.
- Additionally, 1 new franchised Huddle House Restaurant, which opened on April 28, 2014, was excluded due to it being open less than one week.
Table 1 – First Tier (Top 20% of Franchised Restaurants That Submitted Their P&Ls, Based on EBITDAR as a % of Sales)
- The “First Tier” table includes information reported by 40 franchised Huddle House Restaurants within the top 20% of EBITDAR results (as a percentage of Annualized Sales for the 201 reporting franchised Restaurants).
- These 40 franchised Restaurants had Annualized Sales ranging between $369,000 to $1,271,000.
- Of those 40 Huddle House Restaurants included in Table 1: