<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>form10q-45040_0502.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             March 30, 2002
                    ----------------------------------------
                                       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.


                                   - Page 1 -


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES

                               INDEX TO FORM 10-Q

                                 MARCH 30, 2002


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

         Consolidated Summary of Earnings -- For the Thirteen Weeks
         and Twenty Six Weeks ended March 30, 2002 and March 31,
         2001.

         Consolidated Balance Sheets -- As of March 30, 2002 and
         September 29, 2001.

         Consolidated Statements of Cash Flows for the Twenty Six
         Weeks ended March 30, 2002 and March 31, 2001.

         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


                                   - Page 2 -


<PAGE>


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



                                     Thirteen Weeks         Twenty Six Weeks
                                          Ended                   Ended

                                    Mar. 30    Mar. 31     Mar. 30       Mar. 31
                                     2002        2001        2002          2001
                                     ----        ----        ----          ----

REVENUES:
Restaurant food sales              $  3,615    $  3,279    $  6,864    $  6,122
Restaurant bar sales                    881         780       1,711       1,488
Package good sales                    2,580       2,351       5,015       4,924
Franchise related revenues              332         320         655         604
Owners fee                               77          95         145         158
Joint venture income                    248         165         398         320
Other operating income                   67         119         154         148
                                      -----       -----      ------      ------
                                      7,800       7,109      14,942      13,764
                                      -----       -----      ------      ------


COSTS AND EXPENSES:
 Cost of merchandise sold
  restaurant and bar                  1,518       1,515       2,919       2,812
 Cost of merchandise sold
  package goods                       1,884       1,671       3,644       3,600
 Payroll and related costs            2,068       1,690       3,957       3,441
 Occupancy costs                        243         258         573         489
 Selling, general and
  administrative expenses             1,283       1,188       2,472       1,992
                                      -----       -----      ------      ------
                                      6,996       6,322      13,565      12,334
                                      -----       -----      ------      ------

   Income from operations               804         787       1,377       1,430
                                      -----       -----      ------      ------


OTHER INCOME (EXPENSE):
 Interest expense on obligations
  under capital leases                   --         (12)         --         (23)
 Interest expense on long term
  debt and damages payable              (36)        (39)        (74)        (73)
 Abandoned fixed assets                  --         (37)         --         (60)
 Interest income                         16          14          24          24
 Recognition of deferred gains            1           1           2           2
 Other, net                               6          --          44          (2)
                                      -----       -----      ------      ------

                                        (13)        (73)         (4)       (132)
                                      -----       -----      ------      ------

   Income before income taxes           791         714       1,373       1,298


                                   - Page 3 -


<PAGE>


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

                                   (Continued)

                               Thirteen Weeks      Twenty Six Weeks
                                   Ended                Ended

                              Mar. 30     Mar. 31  Mar. 30     Mar. 31
                                2002       2001      2002        2001
                                ----       ----      ----        ----



PROVISION FOR INCOME TAXES     $  168     $  130     $  302     $  278


   Net Income                  $  623     $  584     $1,071     $1,020
                               ======     ======     ======     ======



<TABLE>
<CAPTION>
                                               For The Thirteen Weeks Ended
                                       Mar. 30, 2002                  Mar. 31, 2001
                              Numerator Denominator  EPS      Numerator  Denominator       EPS
                              ----------------------------------------------------------------

<S>                      <C>         <C>            <C>        <C>         <C>           <C>
Basic EPS                623,000     1,959,869      $.32       584,000     1,904,500     $ .31

Effective/dilutive
Stock Options                           37,564                                 9,960
                         ---------------------------------------------------------------------
 Diluted EPS             623,000     1,997,433      $.31       584,000     1,914,460     $ .31
----------------------------------------------------------------------------------------------


<CAPTION>
                                              For The Twenty Six Weeks Ended
                                               For The Thirteen Weeks Ended
                                       Mar. 30, 2002                  Mar. 31, 2001
                              Numerator Denominator  EPS      Numerator  Denominator       EPS
                              ----------------------------------------------------------------

<S>                    <C>           <C>            <C>      <C>           <C>            <C>
Basic EPS              1,071,000     1,959,869      $.55     1,020,000     1,882,907      $.54
Effective/dilutive
Stock Options                           27,173                                4,322
                         ---------------------------------------------------------------------

Diluted EPS            1,071,000     1,987,042      $.54     1,020,000     1,887,229      $.54
----------------------------------------------------------------------------------------------


</TABLE>

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


                                   - Page 4 -


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
                  ---------------------------------------------

                           CONSOLIDATED BALANCE SHEETS
                           ---------------------------

                MARCH 30, 2002 (UNAUDITED) and SEPTEMBER 29, 2001
                -------------------------------------------------
                                 (In Thousands)


                                     ASSETS
                                     ------



                                          MARCH 30    SEPTEMBER 29
                                            2002          2001
                                            ----          ----
 Cash and cash equivalents               $   1,267     $  1,396
 Notes and mortgages receivable,
  current maturities, net                       83          120
 Due from franchisees                          953          683
 Other receivables                             109          311
 Inventories                                 1,531        1,337
 Prepaid expenses                              420          349
 Deferred tax asset                            318          318
                                           -------      -------

     Total Current Assets                    4,681        4,514
                                           -------      -------


Property and Equipment                       5,677        5,650
                                           -------      -------


 Investments in Joint Ventures               1,918        1,684
                                           -------       ------


Other Assets:
 Liquor licenses, net                          335          266
 Notes and mortgages receivable, net           175           71
 Deferred tax asset                            338          338
 Other                                         259          234
                                          --------        -----

     Total Other Assets                      1,107          909
                                          --------        -----

     Total Assets                         $ 13,383     $ 12,757
                                          ========       ======


                                   - Page 5 -


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC, AND SUBSIDIARIES
                  ---------------------------------------------

                           CONSOLIDATED BALANCE SHEETS
                           ---------------------------

                MARCH 30, 2002 (UNAUDITED) AND SEPTEMBER 29, 2001
                -------------------------------------------------

                      LIABILITIES AND STOCKHOLDER'S EQUITY
                      ------------------------------------
                                 (In Thousands)


                                         MARCH 30     SEPTEMBER 29
                                           2002           2001
                                           ----           ----
Current Liabilities:
 Accounts payable and accrued expenses   $ 1,627        $ 1,564
 Due to franchisees                          133            131
 Current portion of long term debt           364            262
 Damages payable on terminated or
  rejected leases                             12            117
                                          ------        -------
     Total Current Liabilities             2,136          2,074
                                          ------        -------


Long Term Debt, Net of Current
  Maturities                               1,452          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                         8,435          7,863
 Notes received on sale of common stock     (272)          (291)
 Less: Treasury stock, at cost
  2,341,164 shares at September 29, 2001
  2,275,164 shares at March 30, 2002      (4,816)        (5,052)
                                          -------        ------
     Total Stockholder's Equity            9,795          8,968
                                          -------        ------

     Total Liabilities and
     Stockholder's Equity              $  13,383       $ 12,757
                                         ========       =======


                 See notes to consolidated financial statements.


                                   - Page 6 -


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
                  ---------------------------------------------

                 UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS
                 ----------------------------------------------

        FOR THE TWENTY SIX WEEKS ENDED MARCH 30, 2002 AND MARCH 31, 2001
        ----------------------------------------------------------------
                                 (In Thousands)


                                              MARCH 30      MARCH 31
                                               2002           2001
                                               ----           ----
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                           $      1,071         $ 1,020
  Adjustments to reconcile net income
   to net cash provided by operating
   activities:
     Depreciation and amortization of
     property, equipment and capital
     leases                                     366             361
  Amortization of liquor licenses                 2               3
  Recognition of deferred gains and
     other deferred income                       (2)             (2)
  Joint venture income                         (398)           (320)
  Loss on abandoned property & equipment         --              60
  Gain on sale of liquor license                 (8)             --


  Changes in assets and liabilities:
    (Increase) decrease in:
       Notes receivable                          37             (43)
       Inventories                             (194)            (83)
       Prepaid expenses                         (71)            (50)
       Due from franchises                     (270)            (21)
       Other receivables                        202              (5)
       Other assets                             (25)              6
    Increase (decrease) in:
       Accounts payable and accrued
         expenses                                63             169
       Due to franchises                          2              --
                                              -----           -----
        Net cash provided by (used in)
        operating activities                    775           1,095
                                              -----           -----


                                                    (continued)

                                   - Page 7 -


<PAGE>


                  FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES
                  ---------------------------------------------

                 UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS
                 ----------------------------------------------

        FOR THE TWENTY SIX WEEKS ENDED MARCH 30, 2002 AND MARCH 31, 2001
        ----------------------------------------------------------------
                                 (In Thousands)

                                            MARCH 30    MARCH 31
                                              2002        2001
                                              ----        ----

CASH FLOWS FROM INVESTING ACTIVITIES:
  Collections on notes and mortgages
   receivable                                  46         (178)
  Distributions from joint ventures           369          440
  Additions to property and equipment        (393)        (551)
  Purchase of treasury stock                   --          (18)
  Receipt of security for long term lease      --          200
  Additions to notes and mortgages
   receivable                                (150)          --
  Additional investment in joint ventures    (202)          --
  Sale of liquor license                       45           --
  Acquisition of liquor licenses             (108)          --
                                            -----         ----

         Net cash provided by (used
         in) investing activities            (393)        (107)
                                            -----         -----

CASH FLOWS FROM FINANCING ACTIVITIES:
  Payments on long term debt                 (161)        (137)
  Payments of obligations under capital
   leases                                      --          (35)
  Payment on damages payable on
   terminated or rejected leases             (105)        (141)
  Payment of cash dividend                   (499)        (231)
  Exercise of stock option                    235           81
  Payment of notes receivable on sale
   of common stock                             19            7

                                            -----         ----
         Net cash provided by (used in)
         in financing activities             (511)        (456)
                                            -----         ----

NET INCREASE (DECREASE) IN CASH AND
EQUIVALENTS                                  (129)         532

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

CASH AND EQUIVALENTS, END OF PERIOD      $  1,267      $ 1,271
                                           ======        =====


                                   - Page 8 -


<PAGE>


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

                                 MARCH 30, 2002
                                 --------------

(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 March 30, 2002, and March
31, 2001 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.


                                   - Page 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.


(3)  RECLASSIFICATION:
     -----------------

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


(4) 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.


                                   - Page 10 -


<PAGE>


(5) INVESTMENT IN JOINT VENTURES:
    -----------------------------
    Miami, Florida

     The Company  operated a restaurant in Miami,  Florida under the "Flanigan's
Seafood Bar and Grill" servicemark  pursuant to a limited partnership  agreement
through the end of the second  quarter of fiscal year 2002.  The Company acts as
the general partner and owns a fifty percent limited partnership  interest.  The
State of Florida,  Department of Transportation,  ("DOT") exercised its right of
eminent  domain to "take" the hotel  property  upon which  this  restaurant  was
located  and the  restaurant  was closed as of the end of  business on March 30,
2002. The Company,  as general partner of the limited  partnership is pursuing a
claim for compensation for the "taking" of the restaurant against both "DOT" and
the  owner of the  hotel  property.  The  "DOT"  contends  that the claim of the
limited  partnership  is an  apportionment  claim against the owner of the hotel
property,  while  the  owner of the  hotel  property  disputes  the right of the
limited  partnership to participate in the condemnation  award  altogether.  The
matter is scheduled  for jury trial on a trial  calendar  beginning May 13, 2002
and at the present time,  it is premature to predict the  financial  impact that
the closing of this restaurant will have on the Company.

    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

     The Company operates a restaurant in Kendall, 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  percent  limited
partnership  interest.  Other  related  parties,  including,  but not limited to
officers and directors of the Company, and their families are also investors.


                                   - Page 11 -


<PAGE>


    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 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.


                                   - Page 12 -


<PAGE>



(6) 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 March 30, 2002 and $656,0000 as of September 29, 2001.

(7) 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  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.


                                   - Page 13 -


<PAGE>


     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 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 one (1) such case,  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.


                                   - Page 14 -


<PAGE>


(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.


                                    Mar. 30   Sep. 29   Mar. 31         Note
                                      2002      2001      2001        Numbers
                                      ----      ----      ----        -------
Combination package
 and restaurant                         4         4         4
Restaurant only                         8         7         6        (1)(2)(3)
Package store only                      4         3         3        (4)(5)(6)
Clubs                                   1         1         1
                                      ---       ---       ---
Total Company operated units           17        15        14

Franchised units                        7         7         7        (7)



Notes:
------

(1) 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" 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.

(2) 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 first  quarter of
fiscal year 2002 and the  restaurant  was closed at the end of business on March
30, 2002. This unit is included in the table of units.


                                   - Page 15 -


<PAGE>


(3) 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.

(4) 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.

(5) 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 third quarter of fiscal year 2002 and expects
the building to be complete and the package  store open for business  during the
first  quarter of fiscal  year 2003.  This unit is not  included in the table of
units.

(6) 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 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.

(7) 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.


                                   - Page 16 -


<PAGE>


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

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

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

                                        Twenty Six Weeks Ended
                                         Mar. 30,    Mar. 31,
                                           2002       2001
                                           ---------------
                                           (In Thousands)
Net cash provided by                     $   775    1,095
 operating activities
Net cash used in
 investing activities                       (393)    (107)
Net cash used in
 financing activities                       (511)    (456)
                                         -------  -------

Net Increase (Decrease) in Cash
and Cash Equivalents                        (129)     532

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

Cash and Cash Equivalents, Ending        $ 1,267  $ 1,271
                                         =======  =======

     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.

     On February 14, 2001, the Company  declared a cash dividend of 12 cents per
share payable on March 17,2001 to shareholders of record on March 1, 2001.

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

     The Company had additions to fixed assets of $393,000 during the twenty six
weeks ended  March 30,  2002 as  compared  to $551,000  for the twenty six weeks
ended March 31, 2001 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
continues through fiscal year 2002.  The budget for fiscal year
2002 is $650,000 and includes the estimated cost to correct ADA
violations.


                                   - Page 17 -


<PAGE>


Working Capital

     The table below  summarizes the current assets,  current  liabilities,  and
working capital for the fiscal quarters ended March 30, 2002, March 31, 2001 and
the fiscal year ended September 29, 2001.

                                   Mar. 30,  Mar. 31,   Sep. 29,
    Item                             2002      2001       2001
    ----                             ----      ----       ----
                                          (In Thousands)

    Current Assets                 $ 4,681   $ 4,153    $ 4,514
    Current Liabilities              2,136     2,274      2,074
    Working Capital                  2,545     1,879      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.


     The  $953,000  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


                                   - Page 18 -


<PAGE>


    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
                                  Mar. 30,            Mar. 31,
                                    2002                2001
                               Amount  Percent     Amount  Percent
                               ---------------     ---------------
                                         (In Thousands)

Restaurant food sales         $ 3,615   51.09       $ 3,279  51.15
Restaurant bar sales              881   12.45           780  12.17
Package goods sales             2,580   36.46         2,351  36.68
                              -------   -----       -------  -----

Total sales                     7,076  100.00         6,410 100.00

Franchise related revenues        332                   320
Owners fee                         77                    95
Joint venture income              248                   165
Other operating income             67                   119
                              -------               -------

Total Revenue                 $ 7,800               $ 7,109
                              =======               =======


                                   - Page 18 -


<PAGE>


                                  Twenty Six Weeks Ended
                                  Mar. 30,            Mar. 31,
                                    2002                2001
                               Amount  Percent     Amount  Percent
                               ---------------     ---------------
                                        (In Thousands)

Restaurant food sales         $ 6,864   50.51       $ 6,122  48.84
Restaurant bar sales            1,711   12.59         1,488  11.87
Package goods sales             5,015   36.90         4,924  39.29
                              -------   -----       -------  -----

Total sales                    13,590  100.00        12,534 100.00

Franchise related revenues        655                   604
Owners fee                        145                   158
Joint venture income              398                   320
Other operating income            154                   148
                              -------               -------

Total Revenue                  14,942                13,764
                               ======                ======


                                   - Page 19 -


<PAGE>


     Restaurant food sales  represented  51.09% and 50.51% of total sales in the
thirteen  weeks and  twenty  six  weeks of fiscal  year  2002,  respectively  as
compared  to 51.15% and 48.84% of total sales in the  thirteen  weeks and twenty
six weeks of fiscal year 2001,  respectively.  The weekly  average of same store
restaurant  food sales were $240,839 and $235,357 for the twenty six weeks ended
March 30, 2002 and March 31, 2001, respectively,  an increase of 2.3% The weekly
average of same store  restaurant  food sales were $254,785 and $252,105 for the
thirteen  weeks  ended  March  30,  2002 and March 31,  2001,  respectively,  an
increase of 1.1%.

     Restaurant  bar sales  represented  12.45% and 12.59% of total sales in the
thirteen  weeks and twenty six weeks of fiscal year 2002,  as compared to 12.17%
and 11.87% of total sales in the  thirteen  weeks and twenty six weeks of fiscal
year 2001.  The weekly  average of same store  restaurant bar sales were $54,728
and  $57,239  for the twenty six weeks  ended  March 30, 2002 and March 31, 2001
respectively,  a decrease of 4.4%. The weekly  average of same store  restaurant
bar sales were $56,619 and $59,985 for the  thirteen  weeks ended March 30, 2002
and March 31, 2001 respectively, a decrease of 5.6%.

     Package  goods  sales  represented  36.46% and 36.90% of total sales in the
thirteen  weeks and  twenty  six weeks of fiscal  year  2002,  respectively,  as
compared with 36.68% and 39.29% of total sales in the thirteen  weeks and twenty
six weeks of fiscal year 2001,  respectively.  The weekly  average of same store
package  good sales were  $192,057  and  $180,888 for the twenty six weeks ended
March 30, 2002 and March 31, 2001 respectively,  an increase of 6.2%. The weekly
average of same store  package  good sales were  $188,602  and  $181,873 for the
thirteen weeks ended March 20, 2002 and March 30, 2001 respectively, an increase
of 3.7%.

     The gross profit  margin for  restaurant  sales was 66.2% and 62.7% for the
thirteen weeks ended March 30, 2002 and March 31, 2001, respectively.  The gross
profit margin for restaurant  sales was 66.0% and 63.0% for the twenty six weeks
ended March 30, 2002 and March 31, 2001, respectively. The increase in the gross
profit margin is attributed to the consolidation of the restaurant and bar sales
of the Weston,  Florida  location  during the  thirteen  and twenty six weeks of
fiscal year 2002,  which operates at a higher gross profit margin than the other
Company  restaurants and a decrease in the cost of the Company's signature item,
ribs.

     The gross  profit  margin for package  goods stores was 27.0% and 26.9% for
the thirteen  weeks ended March 30, 2002 and March 31, 2001,  respectively.  The
gross  profit  margin for  package  good sales was 26.9% for both the twenty six
weeks ended March 30, 2002 and March 31, 2001, respectively.


                                   - Page 20 -


<PAGE>


     Franchise  related  revenues  were  $332,000  and $320,000 for the thirteen
weeks ended March 30, 2002 and March 31, 2001 respectively, an increase of 3.8%.
Franchise  related  revenues were $655,000 and $604,000 for the twenty six weeks
ended March 30, 2002 and March 31, 2001  respectively,  an increase of 8.4%. The
increase is attributed  to the  Company's  latest joint venture which opened for
business during the first month of fiscal year 2002

     The owners fee was $77,000 and $95,000 for the  thirteen  weeks ended March
30, 2002 and March 31, 2001  respectively,  a decrease of 19.0%.  The owners fee
was  $145,000  and  $158,000  for the twenty six weeks  ended March 30, 2002 and
March 31, 2001 respectively, a decrease of 8.2%.

     Joint venture income was $248,000 and $165,000 for the thirteen weeks ended
March 30, 2002 and March 31,  2001  respectively,  an  increase of 50.3%.  Joint
venture  income was  $398,000  and $320,000 for the twenty six weeks ended March
30, 2002 and March 31, 2001 respectively,  an increase of 24.4%. The increase is
attributed  to the  Company's  latest  joint  venture  which opened for business
during the first month of fiscal year 2002 and  increased  profitability  of the
other joint ventures.


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

     Operating  costs  and  expenses  were  $6,996,000  and  $6,322,000  for the
thirteen weeks ended March 30, 2000 and March 31, 2001 respectively, an increase
of 10.7%.  Operating costs and expenses were $13,565,000 and $12,334,000 for the
twenty six weeks ended March 30, 2002 and March 31, 2001, an increase of 10.0%

     Payroll and related costs,  which includes workers  compensation  insurance
and health insurance were $2,068,000 and $1,690,000 for the thirteen weeks ended
March 30, 2002 and March 31, 2001  respectively,  an increase of 22.4%.  Payroll
and related  costs which  includes  workmens  compensation  insurance and health
insurance  were  $3,957,000  and $3,441,000 for the twenty six weeks ended March
30, 2002 and March 31, 2001 respectively,  an increase of 15.0%. The increase is
attributed to higher insurance costs and an expanded training program.


                                   - Page 21 -


<PAGE>


     Occupancy costs which include rent,  common area  maintenance,  repairs and
taxes were $243,000 and $258,000 for the thirteen weeks ended March 30, 2002 and
March 31, 2001 respectively,  a decrease of 5.82%. Occupancy costs which include
rent, common area maintenance,  repairs and taxes were $573,000 and $489,000 for
the twenty six weeks ended March 30, 2002 and March 31, 2001,  respectively,  an
increase of 17.2%.  The increase in the twenty six weeks ended March 30, 2002 is
attributed  to a one time rent charge during the thirteen  weeks ended  December
30, 2001, as well as the  consolidation of the Weston location.  The decrease in
the thirteen weeks ended March 30, 2002 is the result of the Company's ownership
of the corporate office building as opposed to leasing of the corporate  offices
during the thirteen weeks ended March 31, 2001.

     Selling, general and administrative expenses were $1,283,000 and $1,188,000
for the thirteen weeks ended March 30, 2002 and March 31, 2001 respectively,  an
increase of 8.0%. Selling,  general and administrative  expenses were $2,472,000
and  $1,992,000 for the twenty six weeks ended March 31, 2002 and March 31, 2001
respectively,  an  increase  of 24.1%.  The  increase  in  selling,  general and
administrative expenses is attributed to a substantial increase in promotion and
advertising expenses including the Company's television advertising.

Trends
------

     During the next twelve months management expects same store sales to remain
stable  with an  increase in gross  profit.  However,  due to the closing of one
joint venture on March 30, 2002,  joint venture income will decline.  Management
also projects moderate increases in operating expenses.


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

Item 6.  Exhibits and Reports on Form 8-K

a. Exhibits - None

b. Reports on Form 8-K - None


                                   - Page 22 -


<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 5/13/02

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

Date 5/13/02


                                   - Page 23 -



</TEXT>
</DOCUMENT>
