Buffalo Wild Wings to Spend $19 Million on New Restaurants

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Minneapolis-Buffalo Wild Wings Inc. plans to spend $19 million in 2004 to open new restaurants and renovate old ones. In its annual report, filed with the Securities and Exchange Commission on Friday, the restaurant chain said it spent $10.7 million on its restaurant sites in 2003.

The company owned or franchised 245 Buffalo Wild Wings Grill & Bar restaurants in 29 states, of which 84 were company-owned and 161 were franchised. In 2004, it expects to open 20 company-owned and 45 franchised sites.

In its annual report, the company predicted its concept can support over 1,000 restaurants in the United States. The company reported earnings of $3.6 million, or 55 cents per diluted share, on revenue of $126.5 million in 2003. -Minneapolis/St. Paul Business Journal

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur