Hotels, Restaurants and Leisure
Company Overview of Diversified Restaurant Holdings, Inc.
Diversified Restaurant Holdings, Inc. operates as a restaurant company in the United States. The company creates, develops, owns, and operates Bagger Dave's Burger Tavern, a full-service restaurant and full bar that primarily provides burgers, fries, beers, milk shakes, salads, black bean turkey chili, and other items. It also operates Buffalo Wild Wings grill and bar franchised restaurants, which primarily offer chicken items, Wild Flatbreads, popcorn shrimps, hamburgers and sandwiches, wraps, Buffalito soft tacos, appetizers, and salads, as well as beer, wine, and liquor. As of December 16, 2014, the company operated 24 company-owned Bagger Dave's restaurants in Michigan and Indiana; and 4...
27680 Franklin Road
Southfield, MI 48034
Founded in 1999
Key Executives for Diversified Restaurant Holdings, Inc.
Total Annual Compensation: $310.4K
Chief Financial Officer
Total Annual Compensation: $258.9K
Chief Operating Officer and Secretary
Total Annual Compensation: $239.5K
Vice President of Purchasing
Total Annual Compensation: $131.9K
Compensation as of Fiscal Year 2013.
Diversified Restaurant Holdings, Inc. Key Developments
Diversified Restaurant Holdings, Inc. Announces Revenue Results for the Year Ended December 28, 2014; Provides Earnings Guidance for the Year Ended December 28, 2014
Jan 13 15
Diversified Restaurant Holdings, Inc. announced revenue results for the year ended December 28, 2014. For the fiscal year 2014, preliminary revenue grew 17.9% to $128.4 million from $108.9 million in the same period last year. Annual consolidated comparable-store sales increased 3.5% compared to an increase of 3.7% in the previous year, representing four consecutive years of comparable-store sales growth.
Preliminary Adjusted EBITDA for fiscal year 2014 is now expected to be at the high end of the company's previously guided range of $14.0 million to $15.0 million, which, if achieved, would represent growth of approximately 7.7% to 15.4% compared to $13.0 million in reported Adjusted EBITDA for fiscal year 2013.
Diversified Restaurant Holdings, Inc. Announces Amended Credit Facility Agreement
Dec 17 14
Diversified Restaurant Holdings, Inc. announced that it has amended its existing credit agreement with Citizens N.A. The amended agreement now consists of a five-year $56 million term loan facility, as well as a two-year $20 million development line of capital loan and a $1 million revolving line of credit. The new facility will be used to fund the company's growth plans and other capital expenditures.
Diversified Restaurant Holdings, Inc. Announces Opening of Bagger Dave's Burger Tavern in Birch Run, Michigan
Dec 16 14
Diversified Restaurant Holdings, Inc. announced the grand opening of a Bagger Dave's in Birch Run, Michigan on December 14, 2014, concurrent with the opening of a new co-located Buffalo Wild Wings. This opening marks the sixteenth Bagger Dave's location in the state of Michigan. The new Bagger Dave's restaurant is located at 8827 Main Street and showcases refreshed interior and exterior design elements, including historical photos of the community as well an enclosed patio. The restaurant is located across from the Birch Run Premium Outlets.
Similar Private Companies By Industry
Recent Private Companies Transactions