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, December 24, 2008, - 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 13 weeks and the 52 weeks ended September 27, 2008. The table below sets forth the results on a comparative basis with the 13 weeks and 52 weeks ended September 29, 2007.

For the 13 weeks For the 13 weeks

ended September ended September

27, 2008 29, 2007

REVENUES

RESTAURANT FOOD AND

BAR SALES $12,569,000 $ 11,337,000

PACKAGE STORE SALES 2,644,000 2,734,000

FRANCHISE RELATED REVENUES 251,000 247,000

OWNER'S FEE 55,000 52,000

OTHER OPERATING INCOME 38,000 35,000

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TOTAL REVENUES $ 15,557,000 $14,405,000

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NET INCOME $ 66,000 $ 184,000

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NET INCOME PER COMMON SHARE

BASIC EPS $ 0.03 $ 0.10

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DILUTED EPS $ 0.03 $ 0.10

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PRESS RELEASE – December 24, 2008 Page two

(Continued)

For the 52 weeks For the 52 weeks

ended September ended September

27, 2008 29, 2007____

RESTAURANT FOOD AND

BAR SALES $ 50,400,000 $ 46,811,000

PACKAGE STORE SALES 12,317,000 12,784,000

FRANCHISE RELATED REVENUES 1,066,000 1,134,000

OWNERπS FEE 238,000 203,000

OTHER OPERATING INCOME 188,000 169,000

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TOTAL REVENUES $ 64,209,000 $ 61,101,000

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NET INCOME $ 1,057,000 $ 1,267,000(1)

NET INCOME PER COMMON SHARE

BASIC EPS $ 0.56 $ 0.67

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DILUTED EPS $ 0.56 $ 0.66

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(1) Includes an after tax gain of $260,000 from the sale of real property