Diversified Restaurant Holdings, Inc. (
- a leading franchisee of
Buffalo Wild Wings, Inc. (
- recently inked a deal to acquire eight Buffalo Wild Wings
restaurants for $14.7 million. The Buffalo Wild Wings restaurants
to be purchased are in Indiana and Illinois. The acquisition is
expected to complete by the end of October 2012.
Minnesota-based, Buffalo Wild Wings owns, operates and franchises
Buffalo Wild Wings Grill & Bar restaurants. The company
currently operates 837 Buffalo Wild Wings restaurants in 48 states
across United States and Canada.
Along with the franchise of Buffalo Wild Wings restaurants,
Diversified Restaurant owns, operates, and franchises Bagger Dave's
Legendary Burger Tavern full-service, ultra-casual restaurant
concept. The company currently operates 7 Bagger Dave's
restaurants in Michigan and 22 Buffalo Wild Wings restaurants,
including 14 in Michigan and 8 in Florida.
Diversified Restaurant is keen on selecting the best locations for
new outlets that are in close proximity to entertainment venues
across the state. With the completion of the acquisition,
Diversified Restaurant will operate around 46 Buffalo Wild Wings
restaurants by the end of 2017.
The company is also expanding its Bagger Dave's restaurants and
expects to open around six restaurants in 2012. Diversified
Restaurant is set to franchise Bagger Dave's restaurants in the
states of Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio,
and Wisconsin in the future.
With these expansion plans, 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.
BUFFALO WLD WNG (BWLD): Free Stock Analysis
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