| Ticker: DAVE | 12700 Industrial Boulevard, Suite 60 | |
| Exchange: NASDAQ-Small Cap Market | Plymouth, Minnesota 55441 | |
| Industry: Retail | (612) 557-5798 |
| Type of Shares: | Common Shares | Filing Date: | 8/23/96 | |
| U.S. Shares: | 2,300,000 | Offer Date: | 10/21/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $7.00 | |
| Primary Shares: | 2,300,000 | Offer Price: | $6.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.52 | |
| Offering Amount: | $14,950,000 | Selling: | $0.31 | |
| Expenses: | $220,000 | Reallowance: | $0.05 | |
| Shares Out After: | 5,656,250 |
| Manager | Tier | Phone |
| R.J. Steichen & Co. | Lead Manager | (612) 341-6200 |
| Auditor: Lund Koehler Cox & Company | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $0.48 | $1.02 | $0.02 | Assets: | $3.51 |
| Net Income: | -$0.31 | -$0.39 | -$0.09 | Liabilities: | $3.21 |
| EPS: | -$0.14 | -$0.18 | -$0.04 | Equity: | $0.31 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The business of Famous Dave's of America, Inc. is to develop, own and operate American roadhouse-style barbecue restaurants under the name" Famous Dave's Bar-B-Que Shack". The company presently owns and operates two restaurants, one located in the Linden Hills neighborhood of Minneapolis, and the other in Roseville, Minnesota. The company is also developing a larger restaurant in Calhoun Square in Minneapolis, which will feature live blues music during certain evenings and an authentic Chicago blues decor, and is scheduled to open in early September 1996. The company is developing two additional restaurants to be located in Minnetonka, Minnesota and on West 7th Street near the Highland Park area of St. Paul. These two additional units are expected to open from the third quarter of 1996 through early 1997. The company's nostalgic roadside shack theme is promoted by the abundant use of rustic antiques and items of Americana from the 1920s and 1930s. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to open 5 to 10 new restaurants, working capital and general corporate purposes. |
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