Famous Dave's Completes Sale of Seven Chicago Locations
On March 1, Famous Dave's of America, Inc. completed the sale of its seven locations in the Chicago area to Windy City Restaurant Holdings, an entity controlled by an existing franchisee, Elliott Baum. The sale includes the Illinois Famous Dave’s locations in Addison, Algonquin, Bolingbrook, Evergreen Park, North Riverside, Orland Park, and Oswego.
“We are excited to have completed the refranchising of the Chicago market to one of our long-term and successful franchise partners,” says, Adam Wright, CEO of Famous Dave’s. “Elliott has also signed an area development agreement and plans to invest in both the existing store base and further develop the market with new restaurant growth.”
Baum, who has been a franchisee since 2003, is now the owner and operator of 13 Famous Dave’s franchises in the Illinois, Ohio and Michigan markets. He adds, “I am excited about Famous Dave’s, the company’s future, and the opportunity for market growth. I look forward to working with the existing restaurant team in Chicago and serving award-winning barbecue to our guests.”
Famous Dave’s of America, Inc. develops, owns, operates, and franchises barbeque restaurants. As of today, the company owns 37 locations and franchises 141 additional restaurants in 33 states, the Commonwealth of Puerto Rico, Canada, and the United Arab Emirates.