"As we have stated before, the Company's long term goal is to operate a portfolio of company-owned restaurants representing approximately 10% to 15% of the total system-wide restaurant base; this will create re-franchising opportunities, for both existing and new franchisees, for the majority of the remaining company-owned locations," wrote Ed Rensi, CEO of Famous Dave's. "We believe that this strategy will allow us to focus our human and financial capital on opportunities that will drive the greatest increase in company performance and long-term, per share, shareholder value."