Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Famous Dave's ends difficult year on sour note


A tumultuous and just plain bad year for Famous Dave’s is ending on another off note.

The Minnetonka-based restaurant chain recently disclosed that after violating debt covenants, its available credit has been restricted, meaning it will have less money to invest in a turnaround.

Meanwhile, Famous Dave’s, which has about 180 barbecue restaurants in 33 states, has sold seven company-owned outlets in Chicago to a franchisee, getting less for them than one stock analyst expected.


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