Flanigan's Enterprises, Inc.

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International Guild of Hospitality & Restaurant Managers

Flanigan's Enterprises, Inc., incorporated in 1959, owns and/or operates restaurants with lounges, package liquor stores and an entertainment-oriented club (collectively, the units). The Company operates 15 units, and has interests in seven additional units that have been franchised by the Company. The types of the units that it operates include four combination package liquor stores and restaurants, seven full-service restaurants, three package liquor stores and a club.

The Company's restaurants offer full food and alcoholic beverage service, with approximately 80% of their sales being food items. These restaurants are operated under the Flanigan's Seafood Bar and Grill servicemark. Although these restaurants provide a neighborhood atmosphere, they have the degree of standardization prevalent in casual dining restaurant chains, including menu. The interior decor is nautical, with numerous fishing and boating pictures and decorations. Drink prices may vary between locations to meet local conditions. Food prices are standardized. The restaurants' hours of operation are from 11:00 a.m. to 1:00 to 5:00 a.m.

The Company's package liquor stores are operated under the Big Daddy's Liquors servicemark. Its package liquor stores emphasize high volume business by providing customers with a wide selection of brand name and private label liquors, beer and wines at discount prices. The Company has a policy of meeting the published sales prices of its competitors. It provides extensive sales training to its package liquor store personnel. All package liquor stores are open six or seven days a week from 9:00 to 10:00 a.m. to 9:00 to 10:00 p.m. , depending upon demand and local law. Approximately half of the Company's units have night windows with extended evening hours.

Flanigan's Enterprises' principal sources of revenue are the sale of food and alcoholic beverages. The Company conducts its operations directly and through a number of wholly owned subsidiaries. The operating subsidiaries are Flanigan's Management Services, Inc., Flanigan's Enterprises, Inc. of Georgia, Seventh Street Corp., Flanigan's Enterprises, Inc. of Pa. and CIC Investors #95, Ltd.

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The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly urged to obtain professional advice with qualified individuals or corporations for any investments of funds.