Flanigan’s Enterprises, owner of Flanigan’s Seafood Bar and Grill restaurants and Big Daddy’s liquor stores, has reported higher sales and profit in the last fiscal year.

Founded in 1959 in South Florida, the company operates 32 units, including restaurants, package liquor stores, combination restaurant/package liquor stores, and a sports bar. It also franchises two restaurants and three combination stores.

The company’s total revenue for the year ended September 27 rose 9.6 per cent to $205.2 million.

Restaurant food and bar sales increased 8 per cent, while package store sales jumped 16 per cent. Franchise related revenues improved 3.5 per cent.

Restaurant food sales accounted for 61.3 per cent of total sales, restaurant bar sales contributed 15.6 per cent, and package store sales made up 23.1 per cent.

On the bottom line, attributable net income grew from $3.3 million to $5 million.

The company did not open any new restaurants during the year, but a location is in the development stage in Cutler Bay, Florida. The firm acquired property and equipment worth $5.8 million during the period.

For the new year, Flanigan’s expects an increase in restaurant food and bar sales as well as package liquor store sales to rise thanks to increased traffic.

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