Diversified Restaurant Holdings, Inc. (
recently opened a new unit under the Bagger Dave's Legendary Burger
Tavern restaurant concept in Shelby Township, Michigan. The move is
in line with the company's goal of increasing the number of
restaurants across major U.S. states in 2012.
Shelby Township is a civil township of Oceana County in Michigan.
The town has a growing restaurant industry and takes pride in major
restaurateurs, such as
McDonald's Corp. (
Panera Bread Co. (
Burger King Worldwide, Inc. (
Bagger Dave's is Diversified Restaurant's full-service,
ultra-casual restaurant chain. The Company owns, operates and
franchises the chain of Bagger Dave's outlets. The new unit marks
the ninth Bagger Dave's restaurant opening in Michigan by
Diversified Restaurants. The restaurant is located at The Hall Road
Crossing Shopping Center and is a strategic fit, in terms of high
Till date, the company has opened two Bagger Dave's restaurants in
Michigan. Also, the company recently opened its first Bagger Dave's
restaurant in Indianapolis. Additionally, the company has also
inked agreement to franchise Bagger Dave's restaurants in Missouri
and intends to franchise Bagger Dave's restaurants in Illinois,
Kentucky, Ohio and Wisconsin in the future.
Apart from operating and franchising Bagger Dave's, Diversified
Restaurants is also a leading franchisee of
Buffalo Wild Wings, Inc. (
. Minnesota-based, Buffalo Wild Wings owns, operates and franchises
Buffalo Wild Wings Grill & Bar restaurants. Diversified
Restaurants currently operate 30 Buffalo Wild Wings outlets - 14 in
Michigan, eight in Florida and four each in Illinois and Indiana.
As part of its plans of opening Buffalo Wild Wings restaurants, the
company recently entered into a long-term lease agreement to open a
new restaurant in Sault Saint Marie, Michigan. In addition,
Diversified Restaurant also completed the acquisition of eight
Buffalo Wild Wings restaurants in Indiana and Illinois. With these
growth initiatives, Diversified Restaurant expects to operate
around 46 Buffalo Wild Wings restaurants by the end of 2017.
Diversified Restaurant is currently on a growth trajectory for both
restaurant chains. The total number of Buffalo Wild Wings and
Bagger Dave's restaurants is projected to increase from 30 to 45 by
the end of 2012.
BURGER KING WWD (BKW): Free Stock Analysis
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