January 29, 2015 11:54 PM ET

Hotels, Restaurants and Leisure

Company Overview of Diversified Restaurant Holdings, Inc.

Company Overview

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

United States

Founded in 1999

Phone:

248-223-9160

Fax:

866-737-8689

Key Executives for Diversified Restaurant Holdings, Inc.

Chairman
Age: 43
Total Annual Compensation: $310.4K
Chief Financial Officer
Age: 42
Total Annual Compensation: $258.9K
Chief Operating Officer and Secretary
Age: 33
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

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

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

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

Company Name Region
FDR Management, LLC United States
PJ United, Inc. United States
Warner Center Marriott Woodland Hills United States
Platinum Ridge Properties, LLC United States
Serralles Hotel, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 9, 2014
11 Properties
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Diversified Restaurant Holdings, Inc., please visit www.diversifiedrestaurantholdings.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.