Dave and Busters looking to reduce debt and exploring a sale?

Shaggy February 21, 2008 2

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Fox Business reports that the arcade restaurant chain Dave and Busters has retained Jefferies & Company to reduce it’s debt and explore a possible sale of the company. According to the CEO of the company Steve King “The decision to engage Jefferies & Company and reduce debt is a direct result of our continued strong comparable store sales growth, substantial earnings growth and significant free cash flow generation”. In other words the company has been doing well despite slightly rough economic circumstances. Dave & Busters is one of the largest arcade chains in the US and combines a restaurant and bar with the arcade element – a little like Chuck E. Cheese’s but geared towards adults. If the company is sold off, it’s hard to say if things will change drastically for the company but it’s good to point out that in the press release they say that they experienced a strong 4th quarter – despite factors that other companies seem to have a difficult time with such as the Nintendo Wii.

[Fox Business – Dave & Buster’s Press release] [Dave And Busters Website] [Discuss on the Forum]


2 Comments »

  1. Anthony Beck August 12, 2008 at 3:58 am - Reply

    Where can I get some information on opening a daves & busters?

  2. Shaggy August 12, 2008 at 3:14 pm - Reply

    You’d probably have to contact the company themselves and ask about franchising. That or contact a manager or owner of a D&B and ask them and see what you will need to do. Unfortunately I have no info on how you would go about that, but good luck.

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