Profile: Flanigan's Enterprises Inc (BDL.A)
Flanigan's Enterprises, Inc., incorporated in 1959, operates in South Florida as a chain of full-service restaurants and package liquor stores. The Company conducts its business through two segments: the restaurant segment and the package liquor store segment. At October 2, 2010, it operated 24 units, of restaurants, package liquor stores and combination restaurants/package liquor stores that it either owns or have operational control over and partial ownership in; owned but not operated one adult entertainment club, and franchised an additional five units, consisting of one restaurant and four combination restaurants/package liquor stores. During the fiscal year ended October 2, 2010 (fiscal 2010), it purchased from a franchisee the operating restaurant assets of the franchised restaurant located in Boca Raton, Florida and accordingly, on October 18, 2009, the restaurant converted from a franchised unit to a company owned restaurant.
The Company holds four types of units: Company Owned, Company Managed, Company owned Club and Franchised. During fiscal 2010, under the Company Owned category it had four combination package liquor store and restaurant; four restaurants only, five package liquor store only. Under the Company managed category, the Company had restaurants only, which included nine limited partnerships, one franchise and one unrelated third-party. Under the Company owned club, the Company owned and operated a total of 25 units. Under the Franchised category, the Company owned five units.
Package Liquor Store Operations
The Company’s package liquor stores emphasize high volume business by providing customers with a selection of brand name and private label liquors, beer and wines. The stores are open for business six or seven days a week from 9:00-10:00 a.m. to 9:00-10:00 p.m. approximately half of the units have night windows with extended evening hours. The Company owns and operates nine package liquor stores in the South Florida area under the name Big Daddy’s Liquors, four of which are jointly operated with restaurants it owns. It franchises its package liquor stores in the South Florida area, all of which are operated under the name Big Daddy’s Liquors and are jointly operated with its franchisee’s restaurant operations.
The Company’s restaurants provide a neighborhood casual, standardized dining experience, typical of casual restaurant chains. The restaurants' hours of operation are from 11:00 a.m. to 1:00-5:00 a.m. The Company owns and operates eight restaurants all under service mark Flanigan’s Seafood Bar and Grill, four of which are jointly operated with package liquor stores it owns. The Company franchises five restaurants, all of which operate under service mark Flanigan’s Seafood Bar and Grill, one of which operates as a restaurant only and four of which operate jointly with a franchisee operated Big Daddy’s Liquors package liquor store. The Company has invested with others, in 10 limited partnerships which own and operate ten South Florida based restaurants under service mark Flanigan’s Seafood Bar and Grill. In addition to being a limited partner in these limited partnerships, the Company is the sole general partner of all of these limited partnerships and manages and controls the operations of the restaurants except for the restaurant located in Fort Lauderdale, Florida where it only holds a limited partnership interest.
Flanigan's Enterprises Inc
5059 NE 18Th AVENUE
FORT LAUDERDALE FL 33334