This website uses cookies to ensure you have the best experience. Learn more

Benchmarking: Dave And Busters Essay

2197 words - 9 pages

Dave and Busters: Deanna HubertDave and Buster's, Inc. is a nationwide food and fun chain of huge adult-oriented complexes. D & B's combines everything from restaurants and bars to high-tech arcade games to shuffleboard games. Many refer to the establishment as the Chuck-E-Cheese for adults. D & B's mission statement is, "To deliver an unparalleled guest experience through the best combination of food, drinks and games in an ideal environment for celebrating all out fun" (Dave and Buster's, 2008).Dave and Buster's is facing the same type of problem that Gene One is facing with the need for IPO capital for new product development and marketing if the company is to remain successful. D ...view middle of the document...

"At Dave and Buster's stores, sales dropped 2.2% and in August 1999 lower-than-expected profits caused the company's stock to drop 45% in one day. After the third quarter, with a 92 percent drop in earnings and same-store sales down 6.2%, the company announced that it would cutback on its expansion plans and increase unit-level support. It also increased its marketing and advertising budget by $4 million, hoping to build sales that way rather than by expansion and "word of mouth."" As Corriveau told Nation's Restaurant News in January 2000,The company announced that they would be attained through a private equity firm called Wellspring Capital Management LLC on December 8, 2005. (Answers.com, 2008) That brings us to the announcement in July 2008 stating, "Dave & Buster's Inc. is looking to raise $170 million by going public, according to an initial public offering the entertainment-themed restaurant chain filed with the Securities and Exchange Commission this week." (Dallas Business Journal, 2008)Their response to the IPO is stated as follows without the actual dollar amounts attached; "We estimate that the net proceeds to us from this offering will be $X million, after deducting the underwriting discount and estimated offering expenses payable by us. We intend to use the net proceeds to us to reduce our aggregate indebtedness by approximately $75.0 million and to pay $X of premiums, accrued interest and expenses in connection with the reduction of our existing indebtedness. We will not receive any proceeds from the sale of our common stock by the selling stockholders." (US Securities, 2008)David & Buster's hopes that in doing this it will mean no lay-offs and they will be able to invest more money into new products.ReferencesAnswers.com. (2008). Dave and Buster's Holdings, Inc. Retrieved February 23, 2010, from online source http://www.answers.com/dave%20and%20bustersDallas Business Journal. (2008). Dave & Buster's plans IPO. Retrieved February 23, 2010, from online source http://dallas.bizjournals.com/dallas/stories/2008/07/14/daily20Dave and Busters. (2008). Our Missions and Values. Retrieved February 23, 2010, from online source http://www.daveandbusters.com/About/Mission.aspxUnited States Securities and Exchange Commission. (2007). Retrieved February 23, 2010, from http://ipo.nasdaq.com/edgar_conv_html%5C2007%5C12%5C14%5C0001047469-07-010051.htmlUnited States Securities and Exchange Commission. (2008). Retrieved February 23, 2010, from http://www.sec.gov/Archives/edgar/data/1439437/000119312508149865/ds1.htmWutkowski, Karey (2008). Reuters: UDPATE 1-Dave & Buster's files for $170 million IPO. Retrieve on February 23, 2010 from online source http://www.reuters.com/article/idUSN1131199420080711Processed on: 02-23-10 3:37 PM CSTID: 125402164Word Count: 750Submitted: 1GeneOne Benchmarkin_David & Buster's By Deanna HubertSimilarity Index23%What's this?Similarity by SourceInternet Sources:36%Publications:12%Student...

Find Another Essay On Benchmarking: Dave And Busters

Planning for the Future in ChevronTexaco

944 words - 4 pages benchmarking to review up to five previous years as to the amount of capital spent on building new assets, capital spent on neutralizing old assets, and the capital spent on operating the existing assets. Also, ChevronTexaco will forecast their planned growth for next year and the years beyond. Those forecasted costs along with the projected costs of operating the existing assets and the cost associated in the retiring and attrition of the older

Interclean Generic Benchmarking Essay

4749 words - 19 pages InterClean Benchmarking PAGE \* Arabic 14 Running Head: INTERCLEAN GENERIC BENCHMARKINGInterClean Generic BenchmarkingUniversity of PhoenixInterClean Generic BenchmarkingInterClean is an $8 billion dollar company in the institutional and industrial cleaning and sanitation industry. InterClean wants to be an industry leader and increase yearly profitability by 40%. To achieve market dominance, InterClean recently acquired EnviroTech, one of its

Riordan Benchmarking

4829 words - 19 pages at CCC; finance, production, operations, quality control and customer service must work together sharing information to assist customers. The company has adopted a new strategy which uses a one solution approach. CCC chose to use an IT product that can track consumer and retailer comments. In addition the process allows the organization to track buyer suggestions which aids in improving customer service, as well builds stronger with vendors. Dave

Problem Solution: InterClean, Inc

2714 words - 11 pages customers. This new strategy will require the reorganization and retraining of the sales staff. This paper will discuss issues and opportunities affecting InterClean, Inc. and their stakeholders. Several alternative solutions to outsourcing will be evaluated based on generic benchmarking and an optimal solution presented.Situation AnalysisIssue and Opportunity IdentificationInterClean is transforming from a product based selling environment to a

A Dream of Home: A Glimpse at a Boyhood Life in Homestead

2980 words - 12 pages entirely different shop altogether. Here’s a good one: Mesta in W. Homestead has been torn down and is now a water park called Sand Castle. The mill has also been leveled and is a shopping plaza. There is a giant Lowe’s and a place called Dave & Busters, a big arcade for adults to play games and drink. Kennywood is no longer free; it now costs about $25 to get in and ride. The pool was filled and the dance pavilion torn down. Now, there are New Age

Stress and Its Effects on Job Performance

3576 words - 14 pages in order to get the full effect. The visualization should last from five to ten minutes and the return to reality should be slow and progressive (Stress Reduction Techniques 2000). Another author, on the other hand, suggests that you should "giggle while you work." "Fun and humor help individuals through crisis and change," (2000, p. 214) writes Dave Hemsath and Leslie Yerkes, co-authors of 301 Ways to Have Fun at Work. "Because they

InterClean Generic Benchmarking

5401 words - 22 pages InterClean Generic Benchmarking PAGE \* Arabic \* MERGEFORMAT 2 Running Head: INTERCLEAN GENERIC BENCHMARKINGInterClean Generic BenchmarkingUniversity of PhoenixInterClean Generic BenchmarkingIn order for InterClean to become a successful company careful strategy and research methods were used to obtain their goals. Collectively Learning Team A has benchmarked a total of 10 companies to analyze and synthesis key findings of the course concepts

Famous Dave's Restaurant Expansion Implimentation Report

5233 words - 21 pages southeast developed within the past year and has made a large impact on other BBQ restaurants as well as non-BBQ restaurants in the surrounding areas of Famous Dave's.Figure 1.1 shows the locations in which Famous Dave's has expanded within the past 8-years.Figure 1.1Problem:The expansion of facilities across the United States has been a very quick transition with little time for benchmarking and considerations of the right employees to employ

P&O Ferries: Server Consolidation adn Application Migration

6523 words - 26 pages thoroughly4.2 Technical Recommendations4.2.1 Using Oracle Database 10gUnisys Corporation has found that the Unisys ES7000 that runs Oracle Database 10g Enterprise Edition recorded the best price/performance ever achieved in TPC-C benchmarking tests by any high-end server and also in any server in the over 200,000 transactions per minute (tpmC) class. According to Andrew Mendelsohn, Senior Vice President of Oracle Database Server Technologies

Performance Management

8034 words - 32 pages that stated that no more than 25% (this guideline was set based on internal discussions regarding what was realistic as well as some external benchmarking done with outside companies) of managers in any given year were expected to be assessed as "ready" immediately for a promotion to the next higher level and "ready within 2 years" for such a promotion. New System Roll-Out-Global vs. local Emphasis How this new system was rolled out globally

When the Bubble Burst

1539 words - 6 pages By the time I arrived state side from my second tour in the Middle East the housing bubble had already burst. I noticed a drastic change in the way that many of my friends and family were living. Several of my friends that worked in real estate had sold their boats and seconds houses. My own stock portfolio had lost a third of its value. My sister and her husband had defaulted on their home mortgage leaving them scrambling for a place to live. I

Similar Essays

Gene One Benchmark Essay

2953 words - 12 pages Journal. (2008). Dave & Buster's plans IPO. Retrieved February 23, 2010, from online source http://dallas.bizjournals.com/dallas/stories/2008/07/14/daily20Dave and Busters. (2008). Our Missions and Values. Retrieved February 23, 2010, from online source http://www.daveandbusters.com/About/Mission.aspxUnited States Securities and Exchange Commission. (2007). Retrieved February 23, 2010, from http://ipo.nasdaq.com/edgar_conv_html%5C2007%5C12%5C14

Gene One Benchmarking Essay

6405 words - 26 pages Benchmarking is an important for establishing structure for key controls around business, such as evaluating, monitoring and identifying organizational processes or functions internally and externally and is used as a performance management and improvement tool to identify solutions. It is important that companies establish well-defined criteria before benchmarking to help manage the task and to understand and define exactly what the companies

Valuations Differences In Private Equity Funds, Mutual Funds, And Hedge Funds

3555 words - 14 pages investors in private equity funds are seeking those companies that can bring them significant value. A good example of this can be seen with the purchase of Dave and Busters. This is a popular restaurant chain located in the Southern and Eastern United States. Where, it combined dinning with a variety of video games and virtual reality type of entertainment. The idea at the time of the purchase in 2006 was: to restructure the company by reducing its

Media Kids Essay

1382 words - 6 pages example, to have a night out for dinner and some games at a local Dave and Busters can be a unique and fun experience for friends and family. There are some games that are family friendly and perhaps even wholesome to play during family gatherings. A few years ago I spent Thanksgiving with a friend’s family and shared in their traditions. After tossing the football around outside for a bit, we went inside and played “jeopardy”. It was a lot of