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FLANIGANS ENTERPRISES INC

CIK: 12040 Filed: December 19, 2025 10-K

Key Highlights

  • Flanigan's operates a diversified business in Florida, including restaurants and liquor stores under various brand names.
  • The company has an operational footprint of 32 directly operated units and 5 franchised units, totaling 37 locations.
  • As a smaller reporting company, Flanigan's had a public market value of approximately $21 million with shares trading around $24.99 as of March 28, 2025.

Financial Analysis

FLANIGANS ENTERPRISES INC Annual Report - How They Did This Year

Hey there, fellow investor! Let's dive into how Flanigan's Enterprises Inc. (trading as BDL on the NYSE AMERICAN) performed for their fiscal year ending September 27, 2025.

Flanigan's is a Florida-based company that runs a mix of restaurants, package liquor stores, and combination restaurant/liquor stores. You might know their restaurants as "Flanigan’s Seafood Bar and Grill" or just "Flanigan’s," and their liquor stores as "Big Daddy’s Liquors" or "Big Daddy’s Wine & Liquors." They also have a sports bar and operate one restaurant called "The Whale's Rib" that they don't own, plus another owned restaurant/bar called "Brendan's Sports Pub."

As of September 27, 2025, Flanigan's directly operates 32 units. On top of that, they franchise another 5 units, bringing their total brand presence to 37 locations.

From a market perspective, Flanigan's is considered a "smaller reporting company." As of March 28, 2025, the total market value of their stock available to the public was around $21 million, with each share trading at about $24.99. There were approximately 1.86 million shares of their common stock outstanding as of December 18, 2025.

Key Takeaways:

  • Flanigan's Enterprises Inc. operates a diversified business model in Florida, including restaurants and liquor stores under various brand names.
  • The company's operational footprint includes 32 directly operated units and 5 franchised units, totaling 37 locations.
  • As a smaller reporting company, Flanigan's had a public market value of approximately $21 million as of March 28, 2025, with shares trading around $24.99.

Why This Matters

Flanigan's Enterprises Inc.'s annual report offers investors a crucial look into a unique, diversified business operating within Florida's dynamic hospitality and retail alcohol sectors. With 32 directly operated units and 5 franchised locations, totaling 37 establishments, the company demonstrates a significant operational footprint and a dual strategy of direct control and capital-light expansion through franchising. This blend of restaurants (Flanigan's Seafood Bar and Grill, The Whale's Rib, Brendan's Sports Pub) and liquor stores (Big Daddy's Liquors) provides a degree of resilience, potentially hedging against fluctuations in either market segment.

For investors, understanding Flanigan's status as a "smaller reporting company" is key. While this designation often means less analyst coverage and potentially higher volatility, it can also present opportunities for individual investors to identify undervalued assets before they attract broader institutional attention. The reported public market value of approximately $21 million and a share price of $24.99 as of March 2025 provide a clear valuation snapshot, allowing investors to assess the company's scale relative to its operational base and future growth prospects. This report is essential for evaluating the company's strategic direction and its ability to capitalize on its established brand presence in a competitive market.

Financial Metrics

Public Market Value (as of March 28, 2025) $21 million
Share Price (as of March 28, 2025) $24.99
Shares Outstanding (as of December 18, 2025) 1.86 million

About This Analysis

AI-powered summary derived from the original SEC filing.

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Analysis Processed

December 23, 2025 at 04:20 AM

Important Disclaimer

This AI-generated analysis is for informational purposes only and does not constitute financial or investment advice. Always consult with qualified professionals and conduct your own research before making investment decisions.