Real Estate
As of Dec 31, 2017, there were 154 Famous Dave's restaurants operated in 34 states, Puerto Rico and one Canadian province, including 16 company-operated restaurants and 138 franchise-operated restaurants.
In fiscal 2017, the company closed 26 net stores, systemwide.
At year-end, the company owned 4 restaurants and the remaining 12 locations were leased. Restaurants are built based off of three prototypes: 5,000 and 6,000 square foot packages built as free standing buildings, a 4,000 square foot model constructed as an end cap of a building, and a new 2,500 to 3,000 square foot design constructed as a counter-service location in an existing building or as an in-line location. Additionally, the company offers lower cost conversion packages that provide franchisees with the flexibility to build in cost effective formats, such as opportunities to convert existing restaurants into a Famous Dave’s restaurant.
| TTM | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|
| Company-operated restaurants | -1 | 16 | 37 | 44 | 50 | 54 |
| Company-operated restaurant growth | 1,600.0% | -56.8% | -15.9% | -12.0% | -7.4% | 1.9% |
| Franchised restaurants | 0 | 134 | 139 | 135 | 139 | 140 |
| Franchised restaurant growth | 13,400.0% | -3.6% | 3.0% | -2.9% | -0.7% | 3.7% |
| Systemwide restaurants | 0 | 150 | 176 | 179 | 189 | 194 |
| Systemwide restaurant growth | 15,000.0% | -14.8% | -1.7% | -5.3% | -2.6% | 3.2% |
| Avg restaurant gross sq ft | 5,600 | 5,600 | 5,900 | 5,800 | 5,800 | 5,800 |
| Avg restaurant gross sq ft growth | -3.7% | -3.7% | 0.4% | 0.7% | 0.5% | -0.1% |