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| | Business Summary: Diversified Restaurant Holdings, Inc., together with its subsidiaries, develops, owns, and operates restaurants in the United States. As of December 27, 2009, the company owned and operated 16 franchised Buffalo Wild Wings restaurants, including 11 in Michigan and 5 in Florida. | | | Address
21751 W. Eleven Mile Road, Suite 208
Southfield
, MI 48076
Phone: 248-223-9160
Fax: 248-223-9165
Website: http://www.diversifiedrestaurantholdings.com
| | | Transfer Agent |
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Fidelity Transfer Company
| Employees: 413
ShareHolders: 123 | Founded: 2006
Domicile: Nevada | | | |
| | Diversified Restaurant Holdings, Inc., together with its subsidiaries, develops, owns, and operates restaurants in the United States. As of December 27, 2009, the company owned and operated 16 franchised Buffalo Wild Wings restaurants, including 11 in Michigan and 5 in Florida. It also owns and operates 3 Bagger Dave's restaurants in southeast Michigan. The company was founded in 2006 and is headquartered in Southfield, Michigan. | | History: INCORPORATED in Nevada Sept. 25, 2006. | | | | Subsidiaries: |
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AMC Burgers, Inc.
AMC Flint, Inc.
AMC Grand Blanc, Inc.
AMC Group, Inc.
AMC Northport, Inc.
AMC Petoskey, Inc.
AMC Port Huron, Inc.
AMC Riverview, Inc.
AMC Troy, Inc.
AMC Wings, Inc.
Ann Arbor Burgers, Inc.
Berkley Burgers, Inc.
Troy Burgers, Inc.
| | | | Backlog |
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| Year | Currency | Amount |
|---|
| 2009 | US Dollars | 0(thousand) |
| | 2008 | US Dollars | 0(thousand) |
| | 2007 | US Dollars | 0(thousand) |
| | | | Capital Expenditures, thousand. US Dollars |
|---|
| Year | Amount | | 2009 | 388 |
| | | | | | Research and Development Expenditures, thousand. US Dollars |
|---|
| Year | Amount | | 2009 | 0 |
| | | | | | | | |
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Management
|
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| Officers | Position |
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| Thomas Michael Ansley | Chairman, President & Chief Executive Officer | | David Gregory Burke | Treasurer & Chief Financial Officer | | Jason T. Curtis | Chief Operating Officer & Chief Accounting Officer | | Jay Alan Dusenberry | Secretary | | Robert Roush | Controller | | Shannon Kubenez | Investor Relations Contact |
| | Directors |
|---|
| Thomas Michael Ansley | | David Gregory Burke | | Jay Alan Dusenberry | | David Ligotti | | Bill McClintock | | Joseph M. Nowicki | | Gregory J. Stevens | | | |
| | | | Capitalization as of 12/31/2009: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.0001 par | 100,000,000 | 18,626,000 | | Preferred $0.0001 par | 10,000,000 | None |
| | | | LONG TERM DEBT: $4,601,909. | | | | Common $0.0001 par | | | |
Stockholders:
03/26/2010,
123.
| |
Transfer Agent: Fidelity Transfer Company
Sandy
, UT | | | | OTC Bulletin Board( Primary): DFRH | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 5.7500 | 0.0500 | | OTC Bulletin Board | 2008 | 5.2500 | 5.2500 |
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| | | | DIVIDENDS: Common $0.0001 par: None. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
|---|
| REVENUES |
|
| | Food/beverage Sales | 17,318,000 | 9,783,391 | | Management and Advertising Fee Revenue | 1,744,505 | 1,803,173 | | Total Revenues | 19,062,500 | 11,586,560 | | EXPENSES |
|
| | Food and Beverage | (5,325,825) | (2,930,445) | | Compensation Costs | (5,724,053) | (4,007,685) | | Occupancy | (1,132,364) | (740,745) | | General and Administrative | (4,693,219) | (3,319,582) | | Depreciation and Amortization | (1,203,337) | (877,206) | | Interest Expense | (445,820) | (289,681) | | Other Expense/income Net | 80,706 | (264,982) | | Earnings before Taxes | 618,589 | (843,762) | | TAXES AND OTHER EXPENSES |
|
| | Provision for Income Tax | (252,064) | 520,777 | | Net Income (Loss) | 366,525 | (322,985) | | SUPPLEMENTARY INFO |
|
| | Operating Income (Loss) | 983,703.00 | (289,099.00) | | Basic EPS - Continuing Operations | 0.02 | (0.02) | | Diluted EPS - Continuing Operations | 0.01 | (0.02) |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| CURRENT ASSETS |
|
| | Cash and Cash Equivalents | 649,518 | 133,865 | | Accounts Receivable, Related Party | 254,540 | 192,889 | | Accounts Receivable-other | 11,219 | 192,000 | | Inventory | 125,332 | 157,882 | | Prepaid Assets | 103,452 | 52,440 | | Other Assets | 49,280 | 20,000 | | Total Current Assets | 1,193,341 | 749,076 | | NON CURRENT ASSETS |
|
| | Property and Equipment, net | 7,866,149 | 7,817,254 | | Deferred Income Taxes | 246,754 | 599,957 | | Intangible Assets, Net | 411,983 | 406,982 | | Total Assets | 9,718,227 | 9,573,269 | | CURRENT LIABILITIES |
|
| | Accounts Payable | 293,984 | 660,353 | | Accrued Liabilities | 329,355 | 305,302 | | Current Portion of Long-term Debt | 1,402,742 | 1,454,867 | | Deferred Rent | 54,273 | 56,254 | | Total Current Liabilities | 2,080,354 | 2,476,776 | | NON CURRENT LIABILITIES |
|
| | Other Liabilities ? Interest Rate Swap | 167,559 | 253,792 | | Long-term Debt-less Current Portion | 4,601,909 | 5,025,227 | | Deferred Rent | 422,068 | 474,690 | | Accrued Rents | 253,625 | 113,909 | | SHAREHOLDERS' EQUITY |
|
| | Common Stock - Par Value | 1,863 | 1,807 | | Additional Paid in Capital | 2,356,155 | 1,758,899 | | Accumulated Deficit | (165,306) | (531,831) | | Total Shareholders Equity | 2,192,712 | 1,228,875 | | Total Liabilities & Shareholders Equity | 9,718,227 | 9,573,269 |
| | | |
| | Interim Report
|
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
|
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
|
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| | | Quarterly Revenue, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | 8,810,000 | | 2009 |
1 | 4,590,000 | | 2009 |
2 | 4,750,000 | | 2009 |
3 | 4,990,000 | | 2009 |
4 | 4,740,000 | | 2009 |
Full Year
| 19,060,000 | | 2008 |
1 | 1,850,000 | | 2008 |
2 | 2,450,000 | | 2008 |
3 | 3,370,000 | | 2008 |
4 | 3,920,000 | | 2008 |
Full Year
| 11,590,000 | | 2007 |
1 | 390,000 | | 2007 |
2 | 440,000 | | 2007 |
3 | 1,160,000 | | 2007 |
4 | 1,420,000 | | 2007 |
Full Year
| 3,410,000 | | 2006 |
4 | 540,000 | | 2006 |
Full Year
| 1,520,000 | | 2005 |
Full Year
| 660,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | 230,000 | | 2009 |
2 | 70,000 | | 2009 |
3 | 170,000 | | 2009 |
4 | 40,000 | | 2009 |
Full Year
| 370,000 | | 2008 |
Full Year
| (320,000) | | 2007 |
Full Year
| (200,000) | | 2006 |
Full Year
| 120,000 | | 2005 |
Full Year
| 10,000 |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | .01 | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | .01 | | 2009 |
4 | Nil | | 2009 |
Full Year
| .01 | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | (.02) | | 2008 |
4 | Nil | | 2008 |
Full Year
| (.02) | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | (.01) | | 2007 |
4 | (.01) | | 2007 |
Full Year
| (.01) | | 2006 |
4 | Nil | | 2006 |
Full Year
| .01 |
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