Friday, March 14, 2014

Diversified Restaurant Holdings, Inc. (BAGR) is “One to Watch”

Diversified Restaurant Holdings owns and operates Bagger Dave’s Burger Tavern, a full-service, family-friendly restaurant and full bar with a casual, comfortable atmosphere specializing in custom-built, proprietary, fresh prime rib recipe burgers, famous all-natural turkey burgers, hand-cut fries, locally crafted beers on draft, hand-dipped milk shakes, and much more. Currently there are 18 company-owned Bagger Dave’s restaurants in Michigan and Indiana, with eight additional company-owned locations opening later this year.

The company is also one of the largest franchisees for Buffalo Wild Wings. Thirty-six Buffalo Wild Wings Grill & Bar franchised restaurants are currently operated by the company, with an Area Development Agreement to open thirteen other locations by 2017. Diversified Restaurant Holdings plans to open three more units in Michigan, Indiana, and Florida in the near future.

Today, the company announced record fourth quarter revenue and year-over-year sales growth of 40.6%. As noted by Michael Ansley, President and CEO of DRH, the company made excellent progress in 2013. Highlights include adding ten new restaurants and relocating one, expanding into a new market, continuing to be creative with Bagger Dave’s menu, and further refining the overall real estate strategy.

This year the company plans to launch an improved marketing campaign with a heavier mix of traditional media as new locations are opened. Building a more experienced staff, improving operational efficiencies, and formalizing best practices throughout the franchise will also be a key part of Diversified Restaurant Holdings’ business strategy in 2014.

For more information, visit www.diversifiedrestaurantholdings.com

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