Buffalo Wild Wings Launches Company Refranchising Program
June 19 2017 - 11:00AM
Business Wire
Buffalo Wild Wings, Inc. (NASDAQ: BWLD), (“Company”) today
announced that it is now offering for sale certain of its
company-owned restaurants. This work is part of the Company’s
on-going portfolio optimization process.
The Company has selected 83 restaurants to be refranchised in
the following regions:
CanadaCentral and Eastern
PennsylvaniaNortheast U.S.South TexasWashington, D.C.
As previously announced, the company retained The Cypress Group
(“Cypress”), a leading restaurant and franchise investment banking
firm to manage the initiative. Cypress has more than 25 years of
multi-unit M&A and corporate refranchising experience in the
restaurant industry.
In order to ensure a consistent and disciplined process, Cypress
will coordinate all discussions and distribution of offering
materials with potential buyers. Effective immediately, Cypress is
entertaining requests and contacting parties regarding
participation in the process. Any interested party should click on
the link below and include the requested contact and background
information:
bwwinfo@cypressgroup.biz
About the CompanyBuffalo Wild Wings, Inc., founded in
1982 and headquartered in Minneapolis, MN, is a growing owner,
operator and franchisor of Buffalo Wild Wings® restaurants
featuring a variety of boldly-flavored, made-to-order menu items
including its namesake Buffalo, New York-style chicken wings.
The Buffalo Wild Wings menu specializes in 21
mouth-watering signature sauces and rubs with flavor sensations
ranging from Sweet BBQ™ to Blazin'®. Guests enjoy a welcoming
neighborhood atmosphere that includes an extensive multi-media
system for watching their favorite sporting events. Buffalo
Wild Wings is the recipient of hundreds of "Best Wings" and
"Best Sports Bar" awards from across the country. There are
currently more than 1,220 Buffalo Wild Wings locations
around the world.
To stay up-to-date on all the latest events and offers for
sports fans and wing lovers, like Buffalo Wild
Wings on Facebook, follow @BWWings
on Twitter and visit www.BuffaloWildWings.com.
Forward-looking StatementsStatements in this press
release constitute forward-looking statements for purposes of the
Safe Harbor provisions under the Private Securities Litigation
Reform Act of 1995. These statements relate to the timing and scope
of future sales of company-owned restaurants. All statements other
than statements of historical fact are statements that could be
deemed forward-looking statements and are based upon the current
beliefs and expectations of our management. We have attempted to
identify forward-looking statements by words such as, “intends,”
“may,” “believes,” “will,” and other comparable terminology. Actual
results may vary materially from those contained in forward-looking
statements based on a number of factors, including, but not limited
to, our ability to achieve and manage our planned expansion, the
ability of our franchisees to open and manage new restaurants,
market acceptance in the new geographic regions we enter
(particularly non-U.S. locations), success of acquired restaurants,
success of investments in new or emerging concepts, unforeseen
obstacles in developing nontraditional sites or non-U.S. locations,
our ability to obtain and maintain licenses and permits necessary
to operate our existing and new restaurants, our franchisees'
adherence to our system standards, the cost of commodities such as
traditional chicken wings and supply chain consistency, the success
of our key initiatives and our advertising and marketing campaigns,
our ability to control restaurant labor and other restaurant
operating costs, the continued service of key management personnel,
our ability to protect our name and logo and other proprietary
information, economic conditions (including changes in consumer
preferences or consumer discretionary spending), the impact of
federal, state or local government regulations relating to our
employees, the sale of food and alcoholic beverages, the effect of
competition in the restaurant industry, our ability to increase our
credit facilities, and other factors disclosed from time to time in
our filings with the U.S. Securities and Exchange Commission (the
“SEC”), including the factors described under "Risk Factors" in
Part I, Item 1A of our Annual Report on Form 10-K for the fiscal
year ended December 25, 2016, as updated in subsequent reports
filed with the SEC. Investors should take such risks into account
when making investment decisions. Shareholders and other readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligation to update any forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20170619005839/en/
Buffalo Wild Wings, Inc.Investor Relations:Heather
Pribyl, 952-540-2095
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