MINNEAPOLIS--(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:
Canada
Central and Eastern Pennsylvania
Northeast U.S.
South
Texas
Washington, 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:
About the Company
Buffalo 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 Statements
Statements 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.
