As of May 6, 2018, the company operated 110 locations in 31 states and 2 location in Canada.
During fiscal 2017, the company opened 14 new locations. In the first quarter of fiscal 2018, the company opened 6 new stores. The company plans on opening 14 to 15 new stores in fiscal 2018. Long-term, Dave & Buster's plans on targeting approximately 10% annual store count growth.
At year end, with the exception of 1 location in Tampa, FL, the company leased the land or the building for all locations, with lease terms including renewal options generally ranging from 20 to 40 years. Leases are generally "net leases," typically providing for minimum annual rent plus contingent rent based on a store's annual gross revenues.
Locations range in size from 16,000 to 66,000 square feet and average approximately 43,000 square feet. There are two traditional prototypes, which can be freestanding or in-line, with 300 to 400 parking spaces, and can be new construction or conversions: new large format stores, of which there are 77 at year end, are approximately 30,000 to 45,000 square feet, and small format stores, of which there are 21 at year end, are approximately 25,000 to 30,000 square feet. In 2018, the company will open the first of a newly developed "17K design" which will span 15,000 to 20,000 square feet.
|Company-operated restaurant growth||16.7%||15.2%||13.6%||11.0%||10.6%||8.2%|
|Systemwide restaurant growth||16.7%||15.2%||13.6%||11.0%||10.6%||8.2%|
|Avg restaurant gross sq ft||41,600||41,900||42,600||43,500||44,400||46,200|
|Avg restaurant gross sq ft growth||-1.6%||-1.7%||-2.0%||-2.1%||-3.8%||-1.3%|