Registrant's telephone number, including area code,           (954)   377 - 1961

Indicate by check mark whether the registrant   (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2)   has been the subject to such filing requirements for the past 90 days.
Yes   X_             No   ___

Indicate the number of shares outstanding of each of the issuers classes of Common Stock as of the latest practicable date   1,882,547 as of   August 16, 2005.

OTHER INCOME (EXPENSE):
Interest expense
Minority interest in earnings of
consolidated joint ventures
Interest income
Other

FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In Thousands Except Per Share Amounts)

Weighted Average Shares and Equivalent

Shares Outstanding

Basic

Diluted

Current Assets:

Cash and cash equivalents
Marketable securities
Notes and mortgages receivables,
current maturities, net
Other receivables
Inventories
Prepaid expenses
Deferred tax asset

Total Current Assets

Property and Equipment

Investments in Joint Ventures

Other Assets:

Liquor licenses, net
Notes and mortgages receivable, net
Deferred tax asset
Other

Total Other Assets

Total Assets

$           2,940
340

16
509
2,173
517
114

             6,609

12,730

100

347
118
368
830

1,663

       $   21,102

$     2,936
328

25
271
1,650
565
114

5,889

12,091

124

347
128
368
827

1,670

   $19,774

FLANIGAN'S ENTERPRISES, INC, AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

JULY 2, 2005 (UNAUDITED) AND OCTOBER 2, 2004

LIABILITIES AND STOCKHOLDERS' EQUITY
(In Thousands)

Current Liabilities:

Accounts payable and accrued expenses
Due to franchisees
Current portion of long term debt
Deferred revenues

Total Current Liabilities

Long Term Debt, Net of Current Maturities

Minority Interest in Equity of
Consolidated Joint Ventures

Stockholders' Equity:  

Common stock, $.10 par value; 5,000,000 shares
authorized;    4,197,642 shares issued
Capital in excess of par value 
Retained earnings 
Accumulated other comprehensive income 
Treasury stock, at cost, 2,321,287 shares 
at July 2, 2005 and 2,280,817
shares at October 2, 2004 

Total Stockholders' Equity

Total Liabilities and Stockholders' Equity

$    3,064
878
139
57

4,138

1,226

5,501

420
6,148
9,431
37

         (5,799)

10,237

$21,102

        $      2,824
767
97
70

3,758

1,217

4,698

                     420
6,147
8,974
           25

      (5,465)

     
10,101

              $   19,774

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income
Adjustments to reconcile net income
to net cash provided by operating
activities:
Depreciation and amortization
Minority interest in earnings of
consolidated joint ventures
Recognition of deferred revenue

Changes in operating assets
and liabilities:
(Increase) decrease in:
Due from franchises
Other receivables
Inventories 
Prepaid expenses 
Refundable deposit, major supplier 
Other assets 
Increase (decrease) in:
Accounts payable and accrued expenses 
Due to franchises

Net cash provided by operating activities

Cash flows from Investing Activities:

Collection on notes and mortgages receivable
Purchase of property and equipment Proceeds from certificate of deposit redemption
Investment in marketable securities
Distributions from unconsolidated joint ventures

Net cash used in investing activities

$     1,066

        
1,030

212
(13)

(238)
(523)
               48

(3)

   240
   111

1,930

19
(1,669)

       
24

  (1,626)

  $         490



         1,059

244
                2




143
166
           (408)
  (82)
77
5
                      1,086
42

2,824


15
  (1,567)
354
  (172)


(1,370)

FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THIRTY NINE WEEKS ENDED JULY 2, 2005 AND JUNE 26, 2004
(In Thousands)

JULY 2
   2005

End of Period

Interest

Income taxes

$         84

            $        222

91

$          186

FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 2, 2005

(1) BASIS OF PRESENTATION :

The financial information for the periods ended July 2, 2005, and June 26, 2004 are unaudited.   Financial information as of October 2, 2004 has been derived from the audited financial statements of the Company, but does not include all disclosures required by generally accepted accounting principles.   In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated have been included.    For further information regarding the Company's accounting policies, refer to the Consolidated Financial Statements and related notes included in the Company's Annual Report on Form 10- K for the year ended October 2, 2004.   Operating results for interim periods are not necessarily indicative of results to be expected for a full year.

(2)   EARNINGS PER SHARE :

Statements of Financial Accounting Standards ("SFAS") No. 128, Earnings per share establishes standards for computing and presenting earnings per share ("EPS").   This statement requires the presentation of basic and diluted EPS.   The data on Page 4 shows the amounts used in computing earnings per share and the effects on income and the weighted average number of shares of potentially dilutive common stock equivalents.

(3)   RECLASSIFICATION:

Certain amounts in the fiscal 2004 financial statements have been reclassified to conform to the fiscal 2005 presentation.

(4)   RECENT ACCOUNTING PRONOUNCEMENTS:

Wellington, Florida

During the fourth quarter of fiscal 2004, a limited partnership was formed with the Company as general partner, which limited partnership entered into a lease agreement to own and operate a restaurant in Wellington, Florida. During the first quarter of fiscal year 2005, the limited partnership completed its private offering, raising the sum of $1,850,000 to renovate the business premises for operation as a "Flanigan's Seafood Bar and Grill" restaurant. The Company continues to act as general partner and is also the owner of a twenty six percent limited partnership interest, as are other related parties, including but not limited to officers and directors of the Company and their families. The renovated restaurant opened for business on May 27, 2005.

(6) INVESTMENTS :

Investments in equity securities that have readily determinable values are classified and accounted for as available-for-sale. Available-for-sale securities are carried at fair value with unrealized gains and losses recorded as a separate component of accumulated other comprehensive income. Realized gains and losses are calculated based on the specific identification method and recorded in "other income" on the income statement. At July 2, 2005,the fair value was $340,000, which exceeded a cost of $303,000 and resulted in an unrealized gain of $37,000.

(7) INCOME TAXES:

Financial Accounting Standards Board Statement No. 109, Accounting for Income Taxes, requires among other things, recognition of future tax benefits measured at enacted rates attributable to deductible temporary differences between financial statement and income tax basis of assets and liabilities and to tax net operating loss carryforwards and tax credits to the extent that realization of said tax benefits is more likely than not. The deferred tax asset was $482,000 as of July 2, 2005 and as of October 2, 2004.

(8) COMMITMENTS AND CONTINGENCIES:

Guarantees

The Company guarantees various leases for franchisees, limited partnerships and locations sold in prior years.   Remaining rental commitments required under these leases are approximately $2,255,000. In the event of a default under any of these agreements, the Company will have the right to repossess the premises and operate the business to recover amounts paid under the guarantee either by liquidating assets or operating the business.

Litigation

The Company is a party to various litigation matters incidental to its business. Certain claims, suits and complaints arising in the ordinary course of business have been filed or are pending against the Company.

Certain states have "liquor liability" laws which allow a person injured by an "intoxicated person" to bring a civil suit against the business (or social host) who served intoxicating   liquors to an already "obviously intoxicated person", know as "dram shop" claims. Florida has restricted its dram shop claims by statute, permitting persons injured by an "obviously intoxicated   person" to bring court action only against the business which had served alcoholic beverages to a minor or to an individual known to be habitually addicted to alcohol. The Company is generally self-insured for liability claims, with major losses partially covered by third-party insurance carriers.   The extent of this coverage varies by year. The Company currently has no dram shop cases pending. For further discussion see the section headed Legal Proceedings on page 16 of the Company's Annual Report on Form 10-K for the fiscal year ended October 2, 2004. The Company accrues for potential uninsured losses based upon estimates received from legal counsel and its historical experience, when uninsured claims are pending. Such accrual is included in the "Accounts payable and accrued expenses". See Note 6 in the Company's Annual Report on Form 10-K for the fiscal year ended October 2, 2004.

(9)   BUSINESS SEGMENTS

The Company operates principally in two segments - retail package stores and restaurants. The operation of package stores consists of retail liquor sales.

Thirteen Weeks Ended

2005

144
1,088

* includes ($68,000) transfers of furniture and fixtures from corporate warehouse
to retail package stores and/or restaurants

2005

before Income Taxes:

*includes ($72,000) transfers of furniture and fixtures from corporate
warehouse to retail package stores.  

Item 2. MANAGEMENTS' DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS:

Note

Restaurants Only:

(2)   During the third quarter of fiscal year 2003, the Company, as general partner of the limited partnership, entered into a Sale of Business Agreement for the purchase of an existing business in Pinecrest, Florida, which transaction closed during the first quarter of fiscal year 2004. The Company, as general partner of the limited partnership, is proceeding with necessary structural repairs, while preserving its right to pursue a claim against the landlord for its contribution to the additional structural repairs and reimbursement of rent paid while the processing of its building plans is delayed. The structural repairs should be completed during the first quarter of fiscal year 2006, after which the limited partnership's building plans will be processed by Pinecrest, Florida, building permits issued and the renovations made to the business premises. It is anticipated that the renovated restaurant will be open for business during second quarter of fiscal year 2006 and is not included in the table of units.

(3) During the third quarter of fiscal year 2003, a limited partnership was formed with the Company as general partner, which limited partnership entered into a lease agreement to own and operate a restaurant in a Howard Johnson's Hotel in Stuart, Florida. During the fourth quarter of fiscal year 2003, the limited partnership raised funds through a private offering to renovate the business premises for operation as a "Flanigan's Seafood Bar and Grill" restaurant. The Company acts as general partner and owns a twelve percent limited partnership interest. The restaurant opened for business on January 11, 2004.

(4)   During the fourth quarter of fiscal year 2004, a limited partnership was formed with the Company as general partner, which limited partnership entered into a lease agreement to own and operate a restaurant in Wellington, Florida under the "Flanigan's Seafood Bar and Grill" servicemark. During the first quarter of fiscal year 2005, the limited partnership raised funds through a private offering to renovate the business premises for operation as a "Flanigan's Seafood Bar and Grill" restaurant. The Company acts as general partner and owns a twenty six percent limited partnership interest. The restaurant opened for business on May 27, 2005.

(5)   Since the fourth quarter of 1999, the Company has managed the restaurant for a franchisee. The franchised restaurant is included in the table of units as a restaurant operated by the Company and the franchise is also included as a unit franchised by the Company and in which the Company has an interest.

As the table above illustrates, total revenues increased by 8.88% and 7.15% for the thirteen weeks and thirty nine weeks of fiscal year 2005, respectively, as compared to the total revenues for the thirteen weeks and thirty nine weeks of fiscal year 2004.   The increase in total revenue for the thirty nine weeks, was primarily due to the restaurant in Stuart, Florida and the package goods store in Hollywood, Florida being open for the entire thirty nine weeks;   the restaurant in Wellington, Florida being open for approximately one (1) month of the third quarter of fiscal year 2005; and increases in menu prices implemented during the second and third quarters of fiscal year 2005. Total revenues should continue to increase due to the operation of the restaurant in Wellington, Florida throughout the balance of fiscal year 2005 and menu price increases.

ended July 2, 2005 and June 26, 2004, respectively, an increase of 6.6%. The increase in restaurant food sales for both the thirteen weeks and the thirty nine weeks of fiscal year 2005 is due to menu price increases and the continued increase in the weekly average of same store restaurant food sales. Restaurant food sales should continue to increase throughout the balance of the fiscal year due to the opening of the restaurant in Wellington, Florida and the additional menu price increases instituted during the third quarter of fiscal year 2005 to off-set increased costs, especially higher payroll costs due to the new Florida minimum wage, which was effective May 2, 2005.

Restaurant bar sales represented 13.78% and 13.86% of total sales in the thirteen weeks and thirty nine weeks of fiscal year 2005, respectively, as compared to 13.99% and 14.24% of total sales in the thirteen weeks and thirty nine six weeks of fiscal year 2004, respectively. Restaurant bar sales increased during the thirteen and thirty nine weeks ended July 2, 2005 due primarily to the opening of the restaurant in Wellington, Florida on May 27, 2005 and new promotions designed to increase restaurant bar sales. The increase in restaurant bar sales during the thirteen and thirty nine weeks ended July 2, 2005 was less than may have been anticipated due to a decrease in restaurant bar sales generated by the joint venture restaurant in Stuart, Florida, which had just opened for business during the second quarter of fiscal year 2004 and the joint venture restaurant in Weston, Florida which has been adversely affected by four (4) competitors who have opened for business in the immediate vicinity since the beginning of the calendar year. Restaurant bar sales also increased during the thirty nine weeks ended July 2, 2005 due to the joint venture restaurant in Stuart, Florida being open for the entire thirty nine   weeks versus twenty six weeks of the prior fiscal year. The weekly average of same store restaurant bar sales were $99,673 and $95,436 for the thirty nine weeks ended July 2, 2005 and June 26, 2004, respectively, an increase of 4.4%. The weekly average of same store restaurant bar sales were $97,717 and $93,958 for the thirteen weeks ended July 2, 2005 and June 26, 2004, respectively, an increase of 4.0%.The increase in weekly average of same store restaurant bar sales for both the thirteen weeks and thirty nine weeks of fiscal year 2005 is consistent with the increase in the weekly average of same store restaurant food sales and is also attributed to promotions designed to increase restaurant bar sales which the Company introduced during the third quarter of fiscal year 2005, without jeopardizing the Company's perception as a family restaurant.

Package goods sales represented 22.82% and 25.67% of total sales in the thirteen weeks and thirty nine weeks of fiscal year 2005, respectively, as compared to 22.69% and 24.88% of total sales in the thirteen weeks and thirty nine weeks of fiscal year 2004, respectively. The weekly average of same store package good sales were $211,693 and $199,091 for the thirty nine weeks ended July 2, 2005 and June 26, 2004, respectively, an increase of 6.3%.   The weekly average of same store package sales were $187,593 and $ 176,336 for the thirteen weeks ended July 2, 2005 and June 26, 2004 respectively, an increase of 6.4%. The increase was primarily due to increased volume. Package good sales are expected to continue increasing through the balance of fiscal year 2005 due to the continued increase in the weekly average of same store package sales.  

The gross profit margin for restaurant and bar sales was 65.11% and 62.81% for the thirteen weeks ended July 2, 2005 and June 26, 2004, respectively. The gross profit margin for the restaurant and bar sales was 64.80% and 64.46% for the thirty nine weeks ended July 2, 2005 and June 26, 2004, respectively. The gross profit margin for restaurant and bar sales for the thirteen weeks and thirty nine weeks of fiscal year 2005 were adversely affected by higher food costs, especially the cost of ribs, but the Company has offset these increased food costs   by menu price increases and will continue to do so, where competitively possible, through the remainder of fiscal year 2005.

The gross profit margin for package goods stores was 28.25% and 27.52% for the thirteen weeks ended July 2, 2005 and June 26, 2004, respectively.   The gross profit margin for package goods stores was 28.43% and 27.57% for the thirty nine weeks ended July 2, 2005 and June 26, 2004, respectively. The increase in gross profit is attributed to the purchase of "close out" and merchandise reduction from wholesalers and the continued implementation of a new training program for package store employees. The gross profit margin for package goods sales is expected to remain constant through the balance of fiscal year 2005.

Operating Costs and Expenses

Operating costs and expenses were $ 11,626,000 and $11,198,000 for the thirteen weeks ended July 2, 2005 and June 26, 2004 respectively, a increase of 3.8%. Operating costs and expenses were $34,963,000 and $33,301,000 for the thirty nine weeks ended July 2, 2005 and June 26, 2004, respectively, an increase of 5.0%. The increase in operating costs and expenses for the thirteen weeks ended July 2, 2005 was primarily due to the opening costs of the restaurant in Wellington, Florida during the third quarter of fiscal year 2005, as well as a general increase in overall operating   costs and expenses. The increase in operating costs and expenses for the thirty nine weeks ended July 2, 2005 was primarily due to the opening costs of the restaurant in Wellington, Florida, the operation of the restaurant in Stuart, Florida during the first quarter of fiscal year 2005 and thepackage goods store in Hollywood, Florida being open for the entire first quarter of fiscal year 2005, as well as a general increase in overall operating costs and expenses. Operating costs and expenses are expected to continue increasing through the balance of fiscal year 2005 with the opening of the restaurant in Wellington, Florida and a general increase in overall operating costs and expenses.

Payroll and related costs were $3,394,000 and $3,018,000 for the thirteen weeks ended July 2, 2005 and June 26, 2004 respectively, an increase of 12.5%. Payroll and related costs were $9,853,000 and $9,292,000 for the thirty nine weeks ended July 2, 2005 and June 26, 2004, respectively, an increase of 6.0%. The increase in payroll for the thirteen weeks ended July 2, 2005 was due primarily to the labor costs associated with the opening of the restaurant in Wellington, Florida during the third quarter of fiscal year 2005, and the new Florida minimum wage   which increased the minimum wage paid to "tipped" employees from $2.13 per hour to $3.13 per hour effective May 2, 2005. The increase in payroll and related costs for the thirty nine weeks ending July 2, 2005 was due to the opening of the restaurant in Wellington, Florida during the third quarter of   the fiscal year, the operation of the restaurant in Stuart, Florida and the new package store in Hollywood, Florida for the entire thirty nine weeks, and the new Florida minimum wage. Payroll and related costs will continue to increase through the balance of fiscal year 2005 primarily due to the opening of the restaurant in Wellington, Florida and the increase in the Florida minimum wage. During the third quarter of fiscal year 2005, the Company had no alternative but to increase menu prices to offset higher payroll and related costs due to the increase in the Florida minimum wage.

Occupancy costs which include rent, common area maintenance, repairs and taxes were $716,000 and $725,000 for the thirteen weeks ended July 2, 2005 and   June   26, 2004 respectively, a decrease of 1.2%.The decrease in occupancy costs for the thirteen weeks ended July 2, 2005 was due to the payment of past due property taxes during the thirteen weeks ended June 26, 2004. Occupancy costs were $2,081,000 and $2,028,000 for the thirty nine weeks ended   July 2, 2005 and June 26, 2004, respectively, an increase of 2.6%.   The increase in occupancy costs for the thirty nine weeks ended July 2, 2005 is accounted for by the payment of rent for the restaurant in Pinecrest, Florida for the entire thirty nine weeks versus twenty six weeks of the prior fiscal year and the payment of rent for one (1) month for the restaurant in Wellington, Florida. Occupancy costs will continue to increase through the balance of fiscal year 2005 with the payment of rent for the restaurant in Wellington, Florida.

Selling, general and administrative expenses were $2,364,000 and $2,478,000 for the thirteen weeks ended July 2, 2005 and June 26, 2004, respectively, a decrease of 4.6%. Selling, general and administrative expenses were $7,177,000 and $7,119,000 for the thirty nine weeks ended July 2, 2005 and June 26, 2004, respectively, an increase of 0.8%. The decrease in selling, general and administrative expenses for the thirteen weeks ended July 2, 2005 was due primarily to the costs associated with the opening of the restaurant in Stuart, Florida during the third quarter of fiscal year 2004, as well as efforts by the Company to reduce costs, where possible. The increase in selling, general and administrative expenses for the thirty nine weeks ended July 2, 2005 was due to the restaurant in Stuart, Florida and the new package store in Hollywood, Florida being open for the entire thirty nine weeks; expenses associated with the opening of the restaurant in Wellington, Florida; expenses associated with the restaurant in Pinecrest, Florida; and an overall increase in expenses generally.  

New Joint Venture Restaurants

As the Company opens new joint venture restaurants on a more regular basis the Company's income from operations will be adversely affected by the higher costs associated with the opening of the same. To insure that a new restaurant opens with the high quality of service for which the Company is known, the Company has a select group of employees, known as "new restaurant openers", who travel to new restaurants for that purpose.  "New restaurant openers" may spend up to 90 days at a new restaurant. If the new joint venture restaurant is not local, lodging has to be provided for the "new restaurant openers", which increases the opening costs significantly.   To date, lodging for "new restaurant openers" has only been provided for the new joint venture restaurant in Stuart, Florida. In addition, immediately prior to the opening of a new restaurant and in order to provide a "test run" for the same, the Company sponsors pre-opening parties for its joint venture investors and the Company employees.

In addition, the pre-opening rent is generally less for new leases, rather than the purchase of an existing location which includes the assumption of an existing lease. In the case of the joint venture restaurant in Wellington, Florida, the pre-opening rent was approximately $18,000. As of July 2, 2005, the pre-opening rent paid for the new joint venture in Pinecrest, Florida aggregated $306,000 and continues at $17,000 per month.

During the thirteen weeks and thirty nine weeks ended July 2, 2005, the joint venture in Wellington, Florida reported losses of $205,886 and $369,853 respectively and the joint venture restaurant in Pinecrest, Florida, which is still undergoing structural repairs at this time, reported losses of $50,214 and $201,032 respectively, thus reducing income from operations for the thirteen weeks and thirty nine weeks ending July 2, 2005.During the balance of fiscal year 2005, income from operations will be adversely affected by the opening costs still to be incurred for the new joint venture restaurant in Pinecrest, Florida.

Trends

During the next twelve months management expects continued increases in restaurant sales, due primarily to the opening of the restaurants in Wellington, Florida and Pinecrest, Florida, menu price increases and continued increases in same store restaurant sales. Package good sales are also expected to increase due primarily to increases in same store package goods sales. At the same time, management also expects higher food costs, payroll costs and an overall increase in expenses. The Company has already raised some of its menu prices to offset higher food costs and payroll costs and will continue to do so wherever competitively possible. During the next twelve months, management projects an increase in overall profit before income tax.

Liquidity and Capital Resources

Cash Flows

The following table is a summary of the Company's cash flows for the thirty nine weeks of fiscal years 2005 and 2004.

      (1,370)

(385)