Wednesday, January 22, 2020

Longhorn Steakhouse planned for former Famous Dave's location

Famous Dave's on West Broadway is now just a memory.
We've had a few questions about Famous Dave's on West Broadway, which is undergoing a remodel and will no longer be Famous Dave's. Before long, it will be a Longhorn Steakhouse.

Famous Dave's closed its doors in September 2019. On Jan. 13 this year the city of Idaho Falls approved the building permit application filed on behalf of Jim Powell Darden Restaurants of Orlando, Fla., which also owns the Olive Garden and Red Lobster chains. The remodel value is estimated at $1.25 million.

While you were chowing down on ribs and cornbread at Famous Dave's, the company was in trouble. In 2017, with profits sliding and five CEOs in as many years, the Minneapolis-based chain announced plans to refranchise its entire company footprint. It trimmed corporate stores from 35 to 16, and had just 17 at the end of fiscal 2018. “We intend to strategically refresh the stores in these markets and believe that higher efficiencies at these locations will result in higher cash flows from previous levels while under franchise ownership,” CEO Jeff Crivello said in a press release.

More information can be found at this link: https://www.fsrmagazine.com/chain-restaurants/famous-daves-buys-back-stores-profit-slips.

In June last year, the company announced a partnership with Beyond Meat and plans to launch a test of plant-based protein menu items in Colorado and Minnesota.

Longhorn Steakhouse currently has one restaurant in Boise.

Thanks to BizMojoIdaho reader Brent Colborn for this heads up and also reports that the old Puerto Vallarta on Hitt Road is being remodeled into Cosmo Professional Beauty Supply.