Flanigan's Reports 3rd Quarter Earnings

                                                For the        For the

                                                13 weeks       13 weeks

                                              ended July 1,  ended July 2,

                                                  2006           2005

                                              -------------  -------------

  REVENUES

  --------



  RESTAURANT FOOD AND

   BEVERAGE REVENUES                           $10,348,000     $9,191,000



  PACKAGE GOODS REVENUES                         3,036,000      2,718,000

  FRANCHISE REVENUES                               291,000        242,000

  OWNER'S FEE                                       96,000        123,000

  OTHER OPERATING REVENUE                           80,000         68,000

                                                ----------     ----------

  TOTAL REVENUES                               $13,851,000    $12,342,000

                                               ===========    ===========



  Net Profit                                      $203,000       $499,000

                                               ===========    ===========

  NET INCOME (LOSS) PER COMMON SHARE



      BASIC EPS                                      $0.11          $0.26

                                               ===========     ==========

      Diluted EPS                                    $0.11          $0.26

                                               ===========     ==========







                                                For the        For the

                                                39 weeks       39 weeks

                                              ended July 1,  ended July 2,

                                                  2006           2005

                                              -------------  -------------

  RESTAURANT FOOD AND

   BEVERAGE REVENUES                           $30,109,000    $26,427,000



  PACKAGE GOODS REVENUES                        10,228,000      9,127,000

  FRANCHISE REVENUES                               837,000        754,000

  OWNER'S FEE                                      123,000        198,000

  OTHER OPERATING REVENUES                          68,000        110,000

                                                ----------     ----------

  TOTAL REVENUES                               $41,576,000    $36,616,000

                                               ===========    ===========



  NET PROFIT                                    $1,147,000     $1,066,000

                                               ===========    ===========



  NET INCOME PER COMMON SHARE



      Basic EPS                                      $0.61          $0.56

                                              ============     ==========

      Diluted EPS                                    $0.60          $0.55

                                              ============     ==========