DENN 2019 Franchise Disclosure Document Review for Denny’s

By Mark Kalinowski Published on June 24, 2019 at 12:00 AM

Not too long ago, Denny’s (DENN; Buy) filed its 400+ page Franchise Disclosure Document (FDD) for 2019. In this report, we cite some of the highlights from that document following our review of it, including our review of it in comparison to last year’s Franchise Disclosure Document. For example, the 2019 FDD reveals that Denny’s is testing Presto, providing these details: “Presto is a table top ordering option that we are testing in 2019. The cost for 30 tablets is $15,000 that includes the tablets and three years of software services. Presto does not offer financing but has financing partners. These partners may offer leases to franchisees for three or four years with an option to purchase the tablets at the end of term. In addition to the ability for customers to pay their check using the tablet, games are offered. The current price is $1.99 for unlimited game play during a single visit. Restaurants maintain 80% of profits from game play with 20% being paid to Presto. The Presto charges will be billed monthly through your franchise finance account.”

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Ask the Experts Call Series Black Bear Diner

By Mark Kalinowski Published on June 18, 2019 at 12:00 AM

Kalinowski Equity Research invites you to participate in our first “Ask the Experts” conference call, to take place starting at 2:00 PM Eastern time on Thursday, June 27th. The featured speakers will be Bruce Dean, Co-founder and CEO of fast-growing family-dining concept Black Bear Diner; and Anita Adams, President and CFO of Black Bear Diner.

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Updating our Q2E19 Kalinowski Family Dining Same-Store Sales Index (Again)

By Mark Kalinowski Published on June 3, 2019 at 12:00 AM

With this report, we increase our data-driven Kalinowski Family Dining Index for Q2E for the second time this quarter. This time, we increase the figure by +60 basis points, to +3.0%. Our updated figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment over the course of May 2019.

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