Famous Dave's Announces Refranchising of the Chicago Market

Famous Dave's of America, Inc.

announced 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 refranchise the Chicago market to one of our long-term and very successful franchise partners," Adam Wright, CEO of Famous Dave's said. "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." Mr. Baum, who has been a franchisee since 2003, is the owner and operator of six Famous Dave's franchises in the Ohio and Michigan markets. He stated, "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." About Famous Dave's Famous Dave's develops, owns, operates and franchises barbeque restaurants.  As of December 18,