Famous Dave's Bbq Report

In: Business and Management

Submitted By hustle4
Words 3892
Pages 16
Famous Dave’s Legendary Pit Bar-B-Que
Industry Overview: It is no secret that the current economic recession in America has hurt an unfathomable amount of businesses across the country over the past five or so years. Declining profits and shrinking annual sales have forced countless companies in all industries to either shut down, or implement substantial cutbacks and layoffs. This difficult economic climate has made competition fiercer than ever, especially in the food service industry. Though some fast food chains and quick-stop value food shops have experienced thriving revenues attributed to the provision of primarily inferior goods (goods that people generally buy more of when they have less disposable income), many sit-down restaurants, from casual to fine dining, have been desperate to survive the current catastrophe. For the most part, dining out is considered a luxury; unfortunately, luxuries have fallen dramatically on the priority lists of most personal and family expenditures in recent years. Restaurant owners are well-aware of this, and they have been doing whatever it takes to keep revenue losses to a minimum. Famous Dave’s BBQ chain of family restaurants is one company that has used innovation, authenticity, enthusiasm, and true grit to offer a service so unique, that it is practically fail-proof. Though various popular American restaurant chains, such as Chili’s, Texas Roadhouse, and The Golden Corral, as well as the hundreds of lower-scale BBQ shacks in the Midwest and down south are considered to be serious competitors, none of them offer a repertoire comparable to that of Famous Dave’s. Though the chain, like its competitors, has had to face recent economic obstacles, Famous Dave’s has made several strategic moves to continually bring new consumers in, and consistently keep loyal customers satisfied. With a strong emphasis on value,…...

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