Bw3 boardman

05.09.2018 1 Comments

There are a great number of restaurants and entertainment businesses that compete directly and indirectly with the Company, including both the fast food market segment and the casual dining segment. The proceeds from the notes are being used to fund the leasehold costs of additional Company-owned restaurants during the period prior to this offering. Pending their use, the net proceeds will be invested in investment grade, interest-bearing securities. Accrued interest and the unconverted portion of the principal amount of the notes are due and payable 20 days following the closing of this offering. If any portion of this amount is converted, the amount of proceeds allocated to expansion of Company-owned restaurant locations will be increased accordingly.

Bw3 boardman


The entertainment and restaurant industries are highly competitive. The Company competes with restaurants primarily on the basis of quality of food and service, atmosphere, price, location and entertainment quality. There are a great number of restaurants and entertainment businesses that compete directly and indirectly with the Company, including both the fast food market segment and the casual dining segment. Accrued interest and the unconverted portion of the principal amount of the notes are due and payable 20 days following the closing of this offering. Pending their use, the net proceeds will be invested in investment grade, interest-bearing securities. Competitors within these segments are well-run, well-capitalized companies including McDonald's, Taco Bell, Applebee's, T. The Company anticipates that the proceeds received in this offering, together with cash from operations, equipment leasing and landlord construction contributions when available will be sufficient to fund its expansion plans for and into the second quarter of While the Company believes that its restaurant units are distinctive in design and operating concept, it is aware of competitors that operate with similar concepts. The Company's restaurants target the market niche between fast food and casual dining,. The Company estimates that with such proceeds and equipment lease financing it can open four additional restaurants in and up to eight restaurants in the first half of The balance of the net proceeds will be used for new Buffalo Wild Wings signage and interior updating at existing Company-owned restaurants, working capital and general corporate purposes, including hiring additional personnel, marketing and advertising. To continue the expansion at a higher level through and beyond, the Company anticipates that additional funding and equipment leasing will be necessary, and there can be no assurances that this additional financing will be available when needed or on terms acceptable or favorable to the Company. The proceeds from the notes are being used to fund the leasehold costs of additional Company-owned restaurants during the period prior to this offering. If any portion of this amount is converted, the amount of proceeds allocated to expansion of Company-owned restaurant locations will be increased accordingly. Many of the Company's existing and potential competitors are well-established and have significantly greater financial, marketing and other resources than does the Company.

Bw3 boardman


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