Flanigan's expects no material impact for Q1 revenue from Hurricane Irma
Flanigan's Enterprises, owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores, 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, four days after Hurricane Irma passed, all locations owned and/or operated by the Company, including franchises, were open for business, with four locations operating on generators. 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 Q1.