FORT LAUDERDALE, Fla.,
Sept. 19, 2017 /PRNewswire/
-- FLANIGAN'S ENTERPRISES, INC. (NYSE Alternext US: BDL),
owners and operators of the "Flanigan's Seafood Bar and Grill"
restaurants and "Big Daddy's" retail liquor stores, today reported
on damage and business interruption caused by Hurricane
Irma.
All locations owned and/or operated by the Company, including
franchises, sustained minimal damage, but all locations lost
electric power for varying periods of time. With few
exceptions, the majority of damages consisted of minimal roof
damage, lost mansard shingles or tiles, awnings, signage and
landscaping.
By September 14, 2017, four (4)
days after Hurricane Irma passed, all locations owned and/or
operated by the Company, including franchises, were open for
business, with four (4) locations operating on generators.
The Company maintains standard and customary property insurance
coverage, as well as coverage for business interruption.
These coverages are subject to certain exclusions related to
damages caused by windstorm and deductibles. At this point,
the Company does not believe that it will have any claims for
damages or business interruption in excess of its deductibles that
would ultimately be covered by insurance.
The Company also does not believe that Hurricane Irma will have
a material adverse effect upon restaurant food and bar revenues or
retail package revenues for the current fiscal quarter.
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SOURCE Flanigan's Enterprises, Inc.