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The investments served as the foundation for "Big Daddy's," a chain of small cocktail lounges and package liquor stores that was founded in 1959.
In 1969, Flanigan sought to resolve the company's financial shortcomings by taking it public, but he was able to do so only after convincing the American Stock Exchange that his business had no ties to organized crime.
Back in 1975, Flanigan ordered the closure of the company's package liquor store operations except for those in four counties in southern Florida: Dade, Broward, Palm Beach, and Monroe.
By 1982, the development of new nightclubs was restricted to joint ventures through limited partnership entities.
Flanigan faced the collapse of his business in 1985.
1985: The company files for bankruptcy.
After four years of annual losses, the company posted a profit of $865,000 in 1992, a gain that was attributable to either the sale or the closure of ten locations.
Tuesday at the Assumption Church, 2001 S. Ocean Blvd. in Sea Ranch Lakes.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Duffy's Sports Grill | 1985 | $31.0M | 7 | 1 |
| Paul Martin's American Grill | 2007 | $5.3M | 750 | - |
| BJ's Restaurants | 1978 | $1.4B | 23,000 | 1,395 |
| Uccello's Ristorante | 1996 | $9.2M | 10 | - |
| J. Alexander's Holdings | 1970 | $183.4M | 3,200 | 355 |
| Lure Fish House | 2010 | $3.2M | 89 | 9 |
| Buca di Beppo | 1993 | $310.0M | 7,500 | - |
| McGrath's Fish House | 1980 | $360,000 | 5 | - |
| Arirang Hibachi Steakhouse | - | $690,000 | 14 | 36 |
| Elephant Bar | 1980 | $2.4M | 50 | - |
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Flanigan's Seafood Bar and Grill may also be known as or be related to Flanigan's Seafood Bar and Grill, Flanigan's Enterprises, Inc., FLANIGANS ENTERPRISES INC, Flanigan's Enterprises Inc and Flanigan's Enterprises.