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MINNEAPOLIS-Famous Dave’s of America plans to open from 20 to 25 new restaurant units next year — about eight to 10 company-owned restaurants and 12 to 15 franchised restaurants. Martin O’Dowd, head of the restaurant chain, says his company’s recent equity placement has provided it with the capital structure to pursue its growth strategy.

The company expects to post revenues of $104 million to $109 million in fiscal 2002, and will earn from $0.27 to $0.30 a share.

Famous Dave’s of America owns 37 locations and franchises an additional 15 units in Alabama, Georgia, Ohio, Minnesota, Illinois, Wisconsin, Iowa, Maryland, Virginia, Utah, South Dakota and Nebraska.

The company, which specializes in barbeque beef, pork and chicken, has signed agreements for an additional 57 franchised locations.

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