Famous Dave’s refranchises Chicago market

Famous Dave’s refranchises Chicago market

Buyer agrees to refresh locations and develop 10 new units

Famous Dave’s of America Inc. has sold the franchisor’s Chicago market to a company owned by Elliott Baum, the chain’s franchisee in Ohio and Michigan, the operator said Friday.

Baum will pay $1.15 million, plus the cost of inventory, for the seven locations, according to SEC documents, and has agreed to invest $500,000 in the units and develop another 10 restaurants in Chicago.

“We are excited to refranchise the Chicago market to one of our long-term and very successf

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