<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>form10q_42951-0211.txt
<TEXT>


                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.

                                    FORM 10-Q

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

For the period ended                   December 29, 2001
                    ------------------------------------------------------------
                                       or
[ ]  TRANSITION  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
     EXCHANGE OF 1934


For the transition period from _________________ to _________________


Commission File Number                              I-6836
                      ----------------------------------------------------------

                          Flanigan's Enterprises, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

    Florida                                                 59-0877638
--------------------------------------------------------------------------------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                              Identification No.)


5059 N.E. 18th Avenue, Fort Lauderdale, Florida                    33334
--------------------------------------------------------------------------------
  (Address of principal executive offices)                       (Zip Code)

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  1,994,873  as of February 12,
2002.                                              ---------



                                       1


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
                  ---------------------------------------------
                               INDEX TO FORM 10-Q
                               ------------------
                                DECEMBER 29, 2001
                                -----------------

PART I.  FINANCIAL INFORMATION
         ---------------------
      1. UNAUDITED CONDENSED FINANCIAL STATEMENTS

         Consolidated Summary of Earnings -- For the Thirteen Weeks
         ended December 29, 2001 and December 30, 2000.

         Consolidated Balance Sheets -- As of December 29, 2001 and
         September 29, 2001.

         Consolidated Statements of Cash Flows for the Thirteen
         Weeks ended December 29, 2001 and December 30, 2000.

         Notes to Consolidated Financial Statements


      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS


PART II. OTHER INFORMATION AND SIGNATURES
         --------------------------------

         6. Exhibits and Reports on Form 8-K
            (a) Exhibits
            (b) Reports on Form 8-K


                                       2


<PAGE>


                          FLANIGAN'S ENTERPRISES, INC.
                          ----------------------------
                   UNAUDITED CONSOLIDATED SUMMARY OF EARNINGS
                   ------------------------------------------
                     (In Thousands Except Per Share Amounts)


                                        Thirteen Weeks Ended

                                         Dec. 29      Dec. 30
                                          2001         2000
                                          ----         ----


REVENUES:
Restaurant food sales                    $ 3,249      $ 2,843
Restaurant bar sales                         830          708
Package good sales                         2,435        2,573
Franchise related revenues                   323          283
Owners fee                                    68           63
Joint venture income                         150          155
Other operating income                        87           30
                                         -------      -------
                                           7,142        6,655
                                         -------      -------



COSTS AND EXPENSES:
 Cost of merchandise sold                  1,401        1,297
  restaurant and bar
 Cost of merchandise sold
  package goods                            1,760        1,929
 Payroll and related costs                 1,889        1,751
 Occupancy costs                             330          231
 Selling, general and
  administrative expenses                  1,189          804
                                         -------      -------
                                           6,569        6,012
                                         -------      -------

   Income from operations                    573          643
                                         -------      -------


OTHER INCOME (EXPENSE):
 Interest expense on obligations
  under capital leases                        --          (11)
 Interest expense on long term
  debt and damages payable                   (38)         (34)
 Abandoned fixed assets                       --          (23)
 Interest income                               8           10
 Recognition of deferred gains                 1            1
 Other, net                                   38           (2)
                                         -------      -------
                                               9          (59)
                                         -------      -------

   Income before income taxes                582          584


                                       3


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
                  ---------------------------------------------
                   UNAUDITED CONSOLIDATED SUMMARY OF EARNINGS
                   ------------------------------------------
                     (In Thousands Except Per Share Amounts)

                                   (Continued)

                                         Thirteen Weeks Ended

                                         Dec. 29      Dec. 30
                                          2001         2000
                                         -------      -------

PROVISION FOR INCOME TAXES               $   134      $   148
                                         -------      -------

   Net Income                            $   448          436
                                         =======      =======




                                For The Thirteen Weeks Ended
                        Dec. 29, 2001                 Dec. 30, 2000
                    Numerator Denominator  EPS     Numerator Denominator    EPS
                    ------------------------------------------------------------
Basic EPS            448,000   1,924,865   $.23    436,000   1,861,314      $.23

Effective/dilutive
Stock Options                      5,883                       14,392
              ------------------------------------------------------------------
Diluted EPS          448,000   1,930,748   $.23    436,000   1,875,706      $.23
--------------------------------------------------------------------------------


The accompanying notes to consolidated financial statements are an integral part
of these statements.


                                       4


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
                  ---------------------------------------------
                           CONSOLIDATED BALANCE SHEETS
                           ---------------------------
              DECEMBER 29, 2001 (UNAUDITED) and SEPTEMBER 29, 2001
              ----------------------------------------------------
                                 (In Thousands)


                                     ASSETS
                                     ------



                                         DECEMBER 29   SEPTEMBER 29
                                            2001          2001
                                            ----          ----

 Cash and cash equivalents                $  1,229     $  1,396
 Notes and mortgages receivable,
  current maturities, net                      124          120
 Due from franchisees                          741          683
 Other receivables                             479          311
 Inventories                                 1,732        1,337
 Prepaid expenses                              260          349
 Deferred tax asset                            318          318
                                          --------     --------

     Total Current Assets                    4,883        4,514
                                          --------     --------


Property and Equipment                       5,541        5,650
                                          --------     --------


 Investments in Joint Ventures               1,884        1,684
                                          --------     --------


Other Assets:
 Liquor licenses, net                          336          266
 Notes and mortgages receivable, net            60           71
 Deferred tax asset                            338          338
 Other                                         154          234
                                          --------     --------

     Total Other Assets                        888          909
                                          --------     --------

     Total Assets                         $ 13,196     $ 12,757
                                          ========     ========


                                        5


<PAGE>


                 FLANIGAN'S ENTERPRISES, INC, AND SUBSIDIARIES
                 ---------------------------------------------
                           CONSOLIDATED BALANCE SHEETS
                           ---------------------------
              DECEMBER 29, 2001 (UNAUDITED) AND SEPTEMBER 29, 2001
              ----------------------------------------------------
                      LIABILITIES AND STOCKHOLDER'S EQUITY
                      ------------------------------------

                                 (In Thousands)


                                                   DECEMBER 29   SEPTEMBER 29
                                                      2001          2001
                                                      ----          ----
Current Liabilities:
 Accounts payable and accrued expenses              $  1,443       $  1,564
 Commons stock dividend payable                          499             --
 Due to franchisees                                      105            131
 Current portion of long term debt                       353            262
 Damages payable on terminated or
  rejected leases                                         87            117
                                                    --------       --------
     Total Current Liabilities                         2,487          2,074
                                                    --------       --------


Long Term Debt, Net of Current
  Maturities                                           1,549          1,715
                                                    --------       --------



Stockholder's Equity:
 Common stock, 5,000,000 shares
  authorized, 4,197,642 shares issued                    420            420
 Capital in excess of par value                        6,028          6,028
 Retained earnings                                     7,812          7,863
 Notes received on sale of common stock                 (284)          (291)
 Less: Treasury stock, at cost
  2,341,164 shares at September 29, 2001
  2,275,164 shares at December 29, 2001               (4,816)        (5,052)
                                                    --------       --------
     Total Stockholder's Equity                        9,160          8,968
                                                    --------       --------

     Total Liabilities and
     Stockholder's Equity                           $ 13,196       $ 12,757
                                                    ========       ========


                 See notes to consolidated financial statements.


                                       6


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
                  ---------------------------------------------
                 UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS
                 ----------------------------------------------
      FOR THE THIRTEEN WEEKS ENDED DECEMBER 29, 2001 AND DECEMBER 30,2000
      -------------------------------------------------------------------
                                 (In Thousands)


                                                     DECEMBER 29   DECEMBER 30
                                                        2001          2000
                                                        ----          ----
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                             $ 448         $ 436
Adjustments to reconcile net income
 to net cash provided by operating
 activities:
   Depreciation and amortization of
   property, equipment and capital
   leases                                                179           183
Amortization of liquor licenses                            1             1
Recognition of deferred gains and
   other deferred income                                  (1)           (1)
Joint venture income                                    (150)         (155)
Loss on abandoned property & equipment                    --            23
Gain on sale of liquor license                            (8)           --


Changes in assets and liabilities:
  (Increase) decrease in:
     Notes receivable                                      7            24
     Inventories                                        (395)         (219)
     Prepaid expenses                                     89          (103)
     Due from franchises                                 (58)            4
     Other receivables                                  (168)          138
     Other assets                                         80            84
  Increase (decrease) in:
     Accounts payable and accrued
       expenses                                         (121)           63
     Due to franchises                                   (26)           --
                                                       -----         -----
      Net cash provided by (used by) operating
      activities                                        (123)          478
                                                       -----         -----


                                   (continued)


                                       7


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
                  ---------------------------------------------
                 UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS
                 ----------------------------------------------
       FOR THE THIRTEEN WEEKS ENDED DECEMBER 29 2001 AND DECEMBER 30 2000
       ------------------------------------------------------------------
                                 (In Thousands)

                                                      DECEMBER 29    DECEMBER 30
                                                         2001            2000
                                                         ----            ----

CASH FLOWS FROM INVESTING ACTIVITIES:
  Collections on notes and mortgages
   receivable                                               46             31
  Distributions from joint ventures                         98            215
  Additions to property and equipment                     (183)          (257)
  Additions to notes and mortgages
   receivable                                              (39)           (65)
  Receipt of rent security for long
   term lease                                               --            175
  Additional investment in joint ventures                 (148)            --
  Sale of liquor license                                    45             --
                                                       -------        -------

         Net cash provided by (used
         in) investing activities                         (181)            99
                                                       -------        -------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Payments on long term debt                               (75)           (68)
  Payments of obligations under capital
   leases                                                   --            (18)
  Payment on damages payable on
   terminated or rejected leases                           (30)            --
  Exercise of stock option                                 235             65
  Payment of notes receivable on sale
   of common stock                                           7              2

                                                       -------        -------
         Net cash provided by (used in)
         in financing activities                           137            (19)
                                                       -------        -------

NET INCREASE (DECREASE) IN CASH AND
EQUIVALENTS                                               (167)           558

CASH AND EQUIVALENTS, BEGINNING OF PERIOD                1,396            739
                                                       -------        -------

CASH AND EQUIVALENTS, END OF PERIOD                    $ 1,229        $ 1,297
                                                       =======        =======


                                        8


<PAGE>


              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
              ----------------------------------------------------

                                DECEMBER 29, 2001
                                -----------------

(1)  PETITION IN BANKRUPTCY:
     -----------------------

     On  November  5,  1985,  Flanigan's  Enterprises,  Inc.  (Flanigan's),  not
including  any of its  subsidiaries,  filed a  voluntary  petition in the United
States  Bankruptcy  Court  for the  Southern  District  of  Florida  seeking  to
reorganize  under  Chapter 11 of the Federal  Bankruptcy  Code.  In fiscal 1986,
Flanigan's  recorded  damages of  $4,278,000 in claims for losses as a result of
rejected  leases.  Because the damage  payments were to be made over nine years,
the  total  amount  due was  discounted  at a rate  of  9.25%,  Flanigan's  then
effective  borrowing  rate.  During  fiscal  years  1991  and  1992,  Flanigan's
renegotiated  the  payment of this  obligation  to extend into fiscal 2002 which
effectively reduced the discount rate to 3.71%. Certain other bankruptcy related
liabilities  including  excise and property  taxes,  settlements and past rents,
were  fixed as to amount  and have been  paid in full  pursuant  to the terms of
Flanigan's Plan of  Reorganization,  as amended and modified  (Plan).  On May 5,
1987 the Plan was  confirmed by the  Bankruptcy  Court and on December 28, 1987,
Flanigan's was officially discharged from bankruptcy.  All liabilities under the
Plan have been properly  accrued and  classified in the  accompanying  financial
statements.


(2)  BASIS OF PRESENTATION:
     ----------------------

     The  financial  information  for the periods  ended  December  29, 2001 and
December 30, 2000 are unaudited.  Financial information as of September 29, 2001
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- KSB for the year ended  September 29, 2001.  Operating
results for  interim  periods are not  necessarily  indicative  of results to be
expected for a full year.

(3)  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.

                                       9


<PAGE>


     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 potential
dilutive common stock.

(4)  RECLASSIFICATION:
     -----------------

     Certain  amounts  in  the  fiscal  2001  financial   statements  have  been
reclassified to conform to the fiscal 2002 presentation.

(5)  FRANCHISE PROGRAM:
     ------------------

     During fiscal year 1995, the Company completed a franchise  agreement for a
franchisee to operate a restaurant under the "Flanigan's  Seafood Bar and Grill"
servicemark  pursuant to a license from the Company. The franchise agreement was
drafted jointly with existing  franchisees with all  modifications  requested by
the  franchisees  incorporated  therein.  The franchise  agreement  provides the
Company with the ability to maintain a high level of food quality and service at
its  franchised  restaurants,  which are  essential  to a  successful  franchise
operation.  A franchisee  is required to execute a franchise  agreement  for the
balance  of the term of its lease for the  business  premises,  extended  by the
franchisee's continued occupancy of the business premises thereafter, whether by
lease or  ownership.  The  franchise  agreement  provides  for a royalty  to the
Company in an amount of approximately 3% of gross sales,  plus a contribution to
advertising in an amount of between  1-1/2% to 3% of gross sales.  In most cases
the Company does not sublease the  business  premises to the  franchisee  and in
those cases where it does,  the Company  does not receive  rent in excess of the
amount paid by the Company.

     All existing  franchisees  who operate  restaurants  under the  "Flanigan's
Seafood Bar and Grill" or other authorized service marks have executed franchise
agreements.

(6)  INVESTMENT IN JOINT VENTURES:
     -----------------------------

     Miami, Florida

     The Company  operates a restaurant in Miami,  Florida under the "Flanigan's
Seafood Bar and Grill" servicemark pursuant to a limited partnership  agreement.
The  Company  acts as the  general  partner  and  owns a fifty  percent  limited
partnership  interest.  The State of Florida,  Department of Transportation,  is
exercising  its right of eminent  domain to "take" the hotel property upon which
this  restaurant is located and it is anticipated  that this  restaurant will be
forced to close by March 31, 2002.


                                       10


<PAGE>


     Fort Lauderdale, Florida

     The Company  has a franchise  agreement  with a limited  partnership  which
operates a restaurant  in Fort  Lauderdale,  Florida.  The Company owns a twenty
five  percent  limited  partnership  interest in the  franchise.  Other  related
parties,  including,  but not limited to,  officers and directors of the Company
and their families are also investors.

     Surfside, Florida

     The  Company   operates  a  restaurant  in  Surfside,   Florida  under  the
"Flanigan's  Seafood  Bar  and  Grill"   servicemark,   pursuant  to  a  limited
partnership agreement. The Company acts as general partner and also owns a forty
two percent limited partnership interest. Other related parties,  including, but
not limited to,  officers and  directors  of the Company and their  families are
also investors.

     Kendall, Florida

     During  fiscal  year 1999,  the Company  invested in a limited  partnership
which  constructed and now operates a restaurant  under the "Flanigan's  Seafood
Bar and Grill" servicemark in Kendall,  Florida.  Construction began in 1999 and
the  restaurant  opened for business in April 2000.  The Company acts as general
partner  and also  owns a forty  percent  limited  partnership  interest.  Other
related  parties,  including,  but not limited to officers and  directors of the
Company, and their families are also investors.

     West Miami, Florida

     During the third quarter of fiscal year 2000,  the Company,  as agent for a
limited  partnership  to be formed,  entered  into a  contract  to  purchase  an
existing  restaurant  location  in West Miami,  Florida to renovate  and operate
under the "Flanigan's  Seafood Bar and Grill"  servicemark.  The funds necessary
for this joint venture were raised through a private offering.  The Company acts
as general  partner  and also owns a twenty  five  percent  limited  partnership
interest. Of its twenty five percent limited partnership  interest,  the Company
received  6.36%  of  its  limited  partnership   interest  as  a  bonus  and  as
compensation  for  advancing  funds prior to receiving  zoning  approval for its
intended use and its limited  guaranty of the lease for the  business  premises.
Other related  parties  including,  but not limited to officers and directors of
the Company and their  families are also  investors.  The sale was closed during
the third quarter of fiscal year 2001,  and the  restaurant  opened for business
during the first quarter of


                                       11


<PAGE>


fiscal year 2002.


     Weston, Florida

     During the fourth  quarter of fiscal year 2001, a limited  partnership  was
formed,  with the  Company  as general  partner  which  entered  into a sublease
agreement for a limited partnership to operate an existing restaurant in Weston,
Florida.  The Company,  as general  partner,  has been  operating the restaurant
under its existing servicemark.  The limited partnership plans to raise funds to
renovate the business premises for operation under the "Flanigan's Seafood Bar &
Grill" servicemark . The Company will continue to act as general partner and may
also own up to forty percent of the limited partnership. Other related partners,
including  but not limited to officers  and  directors  of the Company and their
families,  may also be limited partners. The limited partnership agreement gives
the  partnership  the  right  to use the  "Flanigan's  Seafood  Bar  and  Grill"
servicemark  for a fee equal to 3% of its gross sales from the  operation of the
restaurant  while the Company acts as general partner only. The raising of funds
by the limited partnership and the renovations to the business premises will not
begin until the sublessor  resolves various zoning and related matters.  Exactly
how long it will take for the  sublessor  to  resolve  the  zoning  and  related
matters is unknown.  In the interim,  the Company will  continue  operating  the
restaurant under its existing servicemark, as a wholly-owned subsidiary.

(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 $656,000 as of December 29, 2001 and $656,0000 as of September 29, 2001.

(8)  COMMITMENTS AND CONTINGENCIES:
     ------------------------------

     Guarantees
     ----------

     The Company guarantees various leases for franchisees and locations sold in
prior  years.  Remaining  rental  commitments  required  under these  leases are
approximately  $1,500,000.  In  the  event  of a  default  under  any  of  these
agreements, the Company will have the right to repossess the premises.

     During the third quarter of fiscal 2001 and in order for the


                                       12


<PAGE>


Company, as general partner of a limited  partnership,  to close on the purchase
of a restaurant location in West Miami, Florida, the Company had to guaranty one
(1) year's minimum rent on the lease for the business premises, currently in the
amount of $80,000.


     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",  known as "dram  shop"  claims.  Florida has  restricted  its dram shop
claims by  statute,  permitting  persons  injured by an  "obviously  intoxicated
person" to bring a 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 14 of the  Company's  Annual Report on Form 10- KSB for the
fiscal year ended September 29, 2001.

     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 5 in the  Company's  Annual  Report on Form  10-KSB for the
fiscal year ended September 29, 2001.

     During  fiscal year 2000,  the Company was served with  several  complaints
alleging violations of the American with Disabilities Act ("ADA"), at all of its
locations.  The lawsuits included the restaurants owned by limited  partnerships
and franchises. The sudden influx of lawsuits alleging ADA violations was due to
the  fact  that it was  anticipated  at the time  that  the ADA was  going to be
amended to include a provision  requiring  plaintiffs  to provide the  potential
defendant  with 90 days notice of ADA  violations  prior to filing suit,  during
which time the  violations  may be  corrected.  The  amendment  has not yet been
enacted and as of now, the ADA still has no notice  provision and the first time
the Company  received notice of any ADA violations was when it was served with a
copy of the  complaint.  Of the law suits filed,  only a few have been  actively
pursued.  The Company has  retained  an ADA expert who has  inspected  locations
involved  in  the  active  lawsuits,  including  the  limited  partnerships  and
franchises,  and provided a report setting forth ADA violations which need to be
corrected. It is the Company's intent to correct ADA violations noted by its ADA
expert


                                       13


<PAGE>

and then  vigorously  defend the  lawsuits  arguing  that the  locations  are in
compliance.


During fiscal year 2001 and the first quarter of fiscal year 2002,  the Company,
including three (3) of its franchises,  settled all active lawsuits alleging ADA
violations,  although in two (2) such  cases,  the  question of the  plaintiff's
attorneys  fees and costs  are still in  dispute.  The cost to  correct  the ADA
violations is included in the budget for capital improvements during fiscal year
2002.

(8)  MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
     --------------------------------------------------------------
     RESULTS OF OPERATIONS:
     ----------------------

     The Company owns and/or operates full service  restaurants,  package liquor
stores and an entertainment oriented club (collectively the "units").The Company
had  interests  in seven  additional  units  which have been  franchised  by the
Company. The table below sets out the changes, if any, in the type and number of
units being operated.


                              Dec. 29    Sep. 29    Dec. 30      Note
                               2001       2001       2000       Numbers
                               ----       ----       ----       -------
Combination package
 and restaurant                   4          4          4
Restaurant only                   8          7          6     (1)(2)(3)(4)
Package store only                4          3          4     (5)(6)(7)(8)
Clubs                             1          1          1
                               ----       ----       ----

Total Company operated units     17         15         15

Franchised units                  7          7          7     (4)



Notes:
------

(1) During the third  quarter of fiscal year 1998 the  Company  formed a limited
partnership  and raised funds through a private  offering to purchase the assets
of a restaurant in Kendall,  Florida and renovate the same for  operation  under
the "Flanigan's Seafood Bar and Grill" servicemark.  The Company acts as general
partner and has a forty percent  ownership of the  partnership.  The  restaurant
opened for business on April 9, 2000.

(2) During the third  quarter of fiscal  year 2000,  a limited  partnership  was
formed which raised funds through a private offering,  to purchase the assets of
a restaurant in West Miami,  Florida,  and renovate the same for operation under
the "Flanigan's Seafood Bar & Grill"


                                       14


<PAGE>

servicemark.  The Company is the general partner and has a 25 percent  ownership
interest in the partnership. The restaurant opened for business during the first
quarter of fiscal year 2002 and is included in the table of units.

(3) During fiscal year 2000, the Company received official notification from the
State  of  Florida,  Department  of  Transportation,  ("DOT"),  that the DOT was
exercising its right of eminent domain to "take" the hotel property upon which a
restaurant, operated by the Company as general partner of a limited partnership,
is located.  DOT took title to the hotel  property  during the second quarter of
fiscal year 2002 and the  restaurant  will be forced to close by March 31, 2002.
At the present time,  it is too premature to determine the financial  impact the
closing will have on the Company.

(4) During the fourth  quarter of fiscal year 2001,  a limited  partnership  was
formed with the Company as general partner. The limited partnership entered into
a sublease agreement to operate an existing restaurant in Weston,  Florida.  The
limited  partnership  plans to raise funds to renovate the business premises for
operation as a "Flanigan's Seafood Bar and Grill" restaurant. The funds will not
be raised,  nor will renovations  begin until the sublessor has resolved several
zoning and related matters and it is currently  impossible to determine when the
renovations will begin.  Until limited  partnership  units are sold, the Company
will  own 100% of the  limited  partnership  which  has  been  consolidated  for
financial reporting purposes. The restaurant is included in the table of units.

(5) During the fourth  quarter of fiscal year 2000,  the Company  entered into a
lease agreement for the operation of a package liquor store in Hialeah, Florida.
This package liquor store opened for business during the first quarter of fiscal
year 2002.

(6) The lease for one (1) package liquor store owned and operated by the Company
in Lake Worth,  Florida expired on December 31, 2000 and the Company elected not
to exercise  its five year  renewal  option to extend the term of the same.  The
store was closed permanently as of December 30, 2000.

(7) During the fourth  quarter of fiscal year 2001,  the Company  entered into a
ground  lease for an out parcel in  Hollywood,  Florida.  The  Company  plans to
construct a building on the out parcel,  one-half (1/2) of which will be used by
the Company for the operation of a package  liquor store and the other  one-half
(1/2) will be subleased  by the Company as retail  space.  The Company  plans to
file its  building  plans  during  the second  quarter  of fiscal  year 2002 and
expects  the  building to be complete  and the package  store open for  business
during the fourth  quarter of fiscal year 2002.  The package liquor store is not
included in the table of units.

(8) During  the  second  quarter of fiscal  year  2001,  the  Company  completed
renovations  to its new  corporate  offices and  relocated to the same.  The new
corporate offices consist of a two (2) story


                                       15


<PAGE>

building,  with space set aside on the ground floor for a package  liquor store.
The Company will be proceeding with the application for its building permits and
expects the package  liquor  store to be open for  business  during  fiscal year
2003. The package liquor store is not included in the table of units.

(9) Since the fourth quarter of 1999, the Company has managed the restaurant for
a franchised.  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.


Liquidity and Capital Resources
-------------------------------

    Cash Flows
    ----------

    The following  table is a summary of the Company's cash flows for the first
thirteen weeks of fiscal years 2002 and 2001.

                                                    Thirteen Weeks Ended
                                                  Dec. 29,        Dec. 30,
                                                    2001            2000
                                                  ------------------------
                                                       (In Thousands)
Net cash provided by (used in)
 operating activities                             $   (123)        $   478
Net cash provided by (used in)
 investing activities                                 (181)             99
Net cash provided (used) in financing
 activities                                            137            (19)
                                                   -------         -------

Net Increase (Decrease) in Cash
and Cash Equivalents                                  (167)            558

Cash and Cash Equivalents, Beginning                 1,396             739
                                                   -------         -------

Cash and Cash Equivalents, Ending                  $ 1,229         $ 1,297
                                                   =======         =======

     On December 13, 2001, the Company  declared a cash dividend of 25 cents per
share  payable on January 17,  2002 to  shareholders  of record on December  30,
2001.

Capital Expenditures
--------------------

     The Company had  additions to fixed assets of $183,000  during the thirteen
weeks ended  December 29, 2001 as compared to $257,000  for the  thirteen  weeks
ended December 30, 2000 and  $1,091,000 for the fiscal year ended  September 29,
2001.

     All of the Company's units require periodic refurbishing in order to remain
competitive.  During  fiscal  year  1992,  as cash flow  improved,  the  Company
embarked on a refurbishing program which


                                       16


<PAGE>


continues  through fiscal year 2002. The budget for fiscal year 2002 is $500,000
and includes the estimated costs which will be incurred with the ADA lawsuits.

     Working Capital
     ---------------

     The table below  summarizes the current assets,  current  liabilities,  and
working  capital for the fiscal  quarters ended December 29, 2001,  December 30,
2000 and the fiscal year ended September 29, 2001.

                                    Dec. 29,   Dec. 30,   Sep. 29,
    Item                             2001       2000       2001
    ----                             ----       ----       ----
                                           (In Thousands)

    Current Assets                 $ 4,883    $ 4,133    $ 4,514
    Current Liabilities              2,487     2,275      2,074
    Working Capital                  2,396      1,858      2,440


     In January of fiscal year 2000, the Company  borrowed the sum of $1,000,000
from Bank of America,  d/b/a Nations Bank. The promissory note earns interest at
prime rate, payable monthly on the outstanding principal balance, with quarterly
payments of principal commencing July 1, 2000 at the rate of $50,000 per quarter
for 8 quarters,  and then at the rate of $75,000 per quarter for 8 quarters,  at
which time any outstanding  principal  balance and all accrued interest shall be
due in full. The promissory note is secured by a security interest in all assets
of the Company,  including  the office  building  purchased by the Company.  The
promissory  note may be  prepaid  at any  time,  in  whole or in part,  with any
prepayments applying against the quarterly payment or payments of principal next
due.

     During the fourth quarter of fiscal year 2001, the Company borrowed the sum
of $895,000 from the Bank of America,  d/b/a Nations Bank. The  promissory  note
earns  interest  at the rate of 8.62% per  annum,  amortized  over 20 years with
principal and interest payable monthly, with the entire unpaid principal balance
and all accrued  interest due on August 1, 2008. The promissory  note is secured
by a mortgage on the office building  purchased by the Company for its corporate
offices, which office building was released from the lien granted by the Company
to Bank of America, d/b/a Nations Bank, as collateral for the loan in January of
fiscal  year 2000.  In order to receive  the fixed  interest  rate,  the Company
entered into an ISDA Master Agreement with Bank of America,  ("SWAP Agreement"),
and in the event the Company elects to prepay the promissory  note, there may be
a prepayment penalty associated therewith.


                                       17


<PAGE>


     The  $741,000  due  from  franchisees  represents  funds  advanced  to  the
franchises for capital expenditures to the franchised units. The Company expects
these funds will be repaid to the Company prior to the end of fiscal year 2002

     Legal Matters
     -------------

     See  "Litigation" on page 13 of this report and Item 1 and Item 3 to Part 1
of the Annual Report on Form 10-KSB for the fiscal year ended September 29, 2001
for a discussion of other legal proceedings resolved in prior years.

Results of Operation
--------------------
                                     Thirteen Weeks Ended
                                   Dec. 29,            Dec. 30,
                                    2001                2000
                               Amount  Percent     Amount  Percent
                               ---------------     ---------------
                                           (In Thousands)

Restaurant food sales         $ 3,249    49.88     $ 2,843   46.42
Restaurant bar sales              830    12.74         708   11.56
Package goods sales             2,435    37.38       2,573   42.02
                              -------   ------     -------  ------
Total sales                     6,514   100.00       6,124  100.00

Franchise related revenues        323                  283
Owners fee                         68                   63
Joint venture income              150                  155
Other operating income             87                   30
                              -------              -------

Total Revenue                 $ 7,142              $ 6,655
                              =======              =======

     Restaurant  food  sales  represented  49.88%  of total  sales in the  first
thirteen  weeks of fiscal  year 2002 as compared to 46.42% of total sales in the
first thirteen  weeks of fiscal year 2001. The percentage  increase is accounted
for by the  consolidation  of the food  sales  from the  restaurant  in  Weston,
Florida in the first  thirteen weeks ended December 29, 2001. The weekly average
of same store  restaurant food sales were $212,633 and $218,708 for the thirteen
weeks ended December 29, 2001 and December 30, 2000 respectively,  a decrease of
2.8%. The decrease is attributed to the events of September 11th.

     Restaurant  bar  sales  represented  12.74%  of total  sales  in the  first
thirteen  weeks of fiscal year 2002, as compared to 11.56% of total sales in the
first thirteen  weeks of fiscal year 2001. The percentage  increase is accounted
for by the consolidation of bar sales from the restaurant in Weston,  Florida in
the thirteen  weeks ended  December 29, 2001.  The weekly  average of same store
restaurant bar


                                       18


<PAGE>


sales were $52,897 and $54,492 for the first  thirteen  weeks ended December 29,
2001 and December  30, 2000  respectively,  a decrease of 2.9%.  The decrease is
attributed to the events of September 11th.

     Package goods sales represented 37.38% of total sales in the first thirteen
weeks of fiscal  year 2002,  as  compared  to 42.02% of total sales in the first
thirteen weeks of fiscal year 2001. The percentage decrease is attributed to the
consolidation of the restaurant and bar sales of the Weston,  Florida  location.
The weekly  average of same store  package good sales were $185,987 and $197,908
for  the  thirteen   weeks  ended  December  29,  2001  and  December  30,  2000
respectively,  a decrease of 6.02%.  The decrease is attributed to the events of
September 11th.

     The gross profit margin for  restaurant  sales was 65.65% and 63.5% for the
thirteen weeks ended December 29, 2001 and December 30, 2000  respectively.  The
increase is attributed to the  consolidation of the Weston,  Florida  restaurant
during the thirteen  weeks ended  December  29, 2001 which  operates at a higher
gross  profit  margin  than the  Company  restaurants.  In  addition  food costs
declined  slightly during the thirteen weeks ended December 29, 2001 as compared
to the food costs during the thirteen weeks ended December 30, 2000.

     The gross profit  margin for package goods stores was 27.72% and 25.03% for
the thirteen weeks ended  December 29, 2001 and December 30, 2000  respectively.
The increase is attributed to a higher  percentage of wine and champagne  sales,
which have a higher  gross profit  margin,  as well as lower costs due to larger
volume purchases of merchandise.

     Franchise  related  revenues  were  $323,000  and $283,000 for the thirteen
weeks ended December 29, 2001 and December 30, 2000 respectively, an increase of
14.13%.  The increase is  attributed  to the  additional  joint  venture in West
Miami,  Florida  having been  operated by the Company for  virtually  the entire
thirteen  weeks ended December 29, 2001,  while the additional  joint venture in
West Miami,  Florida was not open during the thirteen  weeks ended  December 30,
2000.

     The owners  fee was  $68,000  and  $63,000  for the  thirteen  weeks  ended
December 29, 2001 and December 30, 2000 respectively, an increase of 7.94%.

     Joint venture income was $150,000 and $155,000 for the thirteen weeks ended
December 29, 2001 and December 30, 2000 respectively, a decrease of 3.23%.

Operating Costs and Expenses
----------------------------

     Operating costs and expenses were $6,569,000 and $6,012,000 for


                                       19


<PAGE>


the thirteen weeks ended  December 29, 2001 and December 30, 2000  respectively,
an increase of 9.26%.  The increase is  attributed to the  consolidation  of the
restaurant  located in Weston,  Florida during the thirteen weeks ended December
29, 2001.

     Payroll and related costs,  which includes workers  compensation  insurance
were  $1,889,000  and  $1,751,000 for the thirteen weeks ended December 29, 2001
and  December  30, 2000  respectively,  an increase  of 7.88%.  The  increase is
attributed to the  consolidation  of the restaurant  located in Weston,  Florida
during the thirteen weeks ended December 29, 2001.

     Occupancy costs which include rent,  common area  maintenance,  repairs and
taxes were $330,000 and $231,000 for the thirteen  weeks ended December 29, 2001
and  December  30, 2000  respectively,  an increase of 42.86%.  The  increase is
attributed to the  consolidation  of the restaurant  located in Weston,  Florida
during the thirteen  weeks ended December 29, 2001 and a one time rent reduction
which was recorded in the thirteen weeks ended December 30, 2000.

     Selling,  general and administrative  expenses were $1,189,000 and $804,000
for  the  thirteen   weeks  ended  December  29,  2001  and  December  30,  2000
respectively,  an  increase  of  47.89%.  The  increase  is  attributed  to  the
consolidation of the restaurant  located in Weston,  Florida during the thirteen
weeks ended  December 29, 2001 as well as  increases  in  insurance  and utility
costs.

Trends
------

     During the next twelve months  management  expects sales to remain  stable,
with increases in income from joint ventures. Management also projects a reduced
food gross profit margin from  restaurant  food sales and moderate  increases in
other expenses.


PART II, OTHER INFORMATION
--------------------------

Item 6.  Exhibits and Reports on Form 8-K

a. Exhibits - None

b. Reports on Form 8-K - None


                                       20


<PAGE>


                                   SIGNATURES
                                   ----------

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned  thereto duly  authorized.  The information  furnished  reflects all
adjustments to the statement of the results for the interim period.

                                     FLANIGAN'S ENTERPRISES, INC.


                                      /s/ Joseph G. Flanigan
                                     -------------------------------------------
                                     JOSEPH G. FLANIGAN, Chief Executive Officer

Date 2/12/01


                                      /s/ Edward A. Doxey
                                     -------------------------------------------
                                     EDWARD A. DOXEY, Chief Financial Officer

Date 2/12/01


                                       21


</TEXT>
</DOCUMENT>
