PRESS RELEASE

FOR: FLANIGAN'S ENTERPRISES, INC.

FROM: JAMES G. FLANIGAN, CHAIRMAN OF THE BOARD

(954) 377-1961

FOR IMMEDIATE RELEASE

FLANIGAN'S ANNOUNCES EARNINGS

FORT LAUDERDALE, FLORIDA, January 5, 2010, - FLANIGAN'S ENTERPRISES, INC., (NYSE Alternext US:BDL) owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores, announced results for the 14 weeks and the 53 weeks ended October 3, 2009. The table below sets forth the results on a comparative basis with the 13 weeks and 52 weeks ended September 27, 2008.

For the 14 weeks For the 13 weeks

ended October September

3, 2009 27, 2008

REVENUES

RESTAURANT FOOD AND

BAR SALES $13,351,000 $12,569,000

PACKAGE STORE SALES 2,844,000 2,644,000

FRANCHISE RELATED REVENUES 284,000 251,000

OWNER'S FEE 41,000  55,000

OTHER OPERATING INCOME 39,000 38,000

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TOTAL REVENUES $16,559,000 $15,557,000

NET INCOME $222,000 $66,000

NET INCOME PER COMMON SHARE

BASIC   $0.12 $0.03

DILUTED    $0.12                   $0.03

PRESS RELEASE – January 5, 2010 Page two

(Continued)

For the 53 weeks For the 52 weeks

ended October ended September

3, 2009 27, 2008____

RESTAURANT FOOD AND

BAR SALES    $52,979,000          $50,400,000

PACKAGE STORE SALES 12,632,000 12,317,000

FRANCHISE RELATED REVENUES 1,126,000 1,066,000

OWNERÕS FEE 170,000 238,000

OTHER OPERATING INCOME  153,000 188,000

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TOTAL REVENUES $67,060,000          $64,209,000

NET INCOME  $1,389,000(1)(2)          $1,057,000

NET INCOME PER COMMON SHARE

BASIC EPS $0.74 $0.56

DILUTED EPS $0.74 $0.56

(1) Includes $140,000 adjustment to deferred tax asset.

(2) Includes after tax gain of $106,000 from payment of balance of claim in liquidation proceedings of former insurance company plus interest.