Real Estate
As of Apr 2, 2017, there were 173 Famous Dave's restaurants operated in 34 states, Puerto Rico and one Canadian province, including 35 company-operated restaurants and 138 franchise-operated restaurants.
In fiscal 2016, the company closed 3 net stores, systemwide. The company closed 3 net stores, systemwide, in the first quarter of 2017. The company does not expect to open any new company-operated restaurants next year.
At year-end, the company owned 5 restaurants and the remaining 39 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 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|
| Company-operated restaurants | 35 | 37 | 44 | 50 | 54 | 53 |
| Company-operated restaurant growth | -5.4% | -15.9% | -12.0% | -7.4% | 1.9% | -1.9% |
| Franchised restaurants | 138 | 139 | 135 | 139 | 140 | 135 |
| Franchised restaurant growth | -2.1% | 3.0% | -2.9% | -0.7% | 3.7% | 1.5% |
| Systemwide restaurants | 173 | 176 | 179 | 189 | 194 | 188 |
| Systemwide restaurant growth | -2.8% | -1.7% | -5.3% | -2.6% | 3.2% | 0.5% |
| Avg restaurant gross sq ft | 6,000 | 5,900 | 5,800 | 5,800 | 5,800 | 5,800 |
| Avg restaurant gross sq ft growth | 1.9% | 0.4% | 0.7% | 0.5% | -0.1% | -0.8% |