Famous Dave�s of America, Inc. (�Famous Dave�s�, the �Company� or �we�) was
incorporated as a Minnesota corporation in March 1994 and opened its first
restaurant in Minneapolis, Minnesota in June 1995. As of December 29, 2013,
there were 194 Famous Dave�s restaurants operating in 34 states, the
Commonwealth of Puerto Rico and 1 Canadian province, including 54 company-owned
restaurants and 140 franchise-operated restaurants. An additional 60 franchise
restaurants were committed to be developed through signed area development
agreements at December 29, 2013.
In fiscal 2013, total revenue was $155.4 million, a slight increase from $155.0
million in fiscal 2012. This increase was primarily related to a year over year
increase in company-owned restaurant sales partially offset by a decline in
franchise royalty revenue and fees. The Company realized a comparable sales
increase for company-owned restaurants of 0.2% compared to a comparable sales
decrease of 1.