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Eaco Corp · 10-K · For 12/31/03

Filed On 3/29/04 4:20pm ET · SEC File 0-14311 · Accession Number 784539-4-8

  As Of               Filer                 Filing     As/For/On Docs:Pgs

 3/29/04  Eaco Corp                         10-K       12/31/03   11:100

Annual Report · Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         31    125K 
 2: EX-3        Articles of Incorporation/Organization or By-Laws      2      9K 
 3: EX-10       Material Contract                                      9     42K 
 4: EX-10       Material Contract                                      9     41K 
 5: EX-13       Annual or Quarterly Report to Security Holders        41    187K 
 6: EX-21       Subsidiaries of the Registrant                         1      4K 
 7: EX-23       Consent of Experts or Counsel                          1      6K 
 8: EX-31       Certification per Sarbanes-Oxley Act (Section 302)     2     11K 
 9: EX-31       Certification per Sarbanes-Oxley Act (Section 302)     2     11K 
10: EX-32       Certification per Sarbanes-Oxley Act (Section 906)     1      7K 
11: EX-32       Certification per Sarbanes-Oxley Act (Section 906)     1      7K

10-K · Annual Report
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (RTF, XML, et al.) Certain Relationships and Related Transactions Changes in and Disagreements With Accountants on Accounting and Financial Disclosure Controls and Procedures Directors and Executive Officers of the Registrant Executive Compensation Exhibits, Financial Statement Schedules and Reports on Form 8-K Financial Statements and Supplementary Data Franchise Agreement Legal Proceedings Management's Discussion and Analysis of Financial Condition and Results of Operations Market for the Registrant's Common Equity and Related Stockholder Matters Principal Accounting Fees and Services Properties Security Ownership of Certain Beneficial Owners and Management Selected Financial Data Submission of Matters to A Vote of Security Holders
1	1st Page
3	Franchise Agreement
12	Item 2. Properties
"	Item 3. Legal Proceedings
13	Item 4. Submission of Matters to A Vote of Security Holders
"	Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters
"	Item 6. Selected Financial Data
"	Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
"	Item 8. Financial Statements and Supplementary Data
14	Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
"	Item 9.A. Controls and Procedures
"	Item 10. Directors and Executive Officers of the Registrant
15	Item 11. Executive Compensation
"	Item 12. Security Ownership of Certain Beneficial Owners and Management
"	Item 13. Certain Relationships and Related Transactions
"	Item 14. Principal Accounting Fees and Services
16	Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K

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SECURITIES AND EXCHANGE COMMISSION              
Washington, D.C. 20549              
_____________             

FORM 10-K             
FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(D)    
OF THE SECURITIES AND EXCHANGE ACT              
(Mark One)                                                                  
(X)     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)                   
OF THE SECURITIES EXCHANGE ACT OF 1934              
For the fiscal year ended December 31, 2003               
OR              
( )     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF            
THE SECURITIES EXCHANGE ACT OF 1934             
Commission File No. 0-14311               

FAMILY STEAK HOUSES OF FLORIDA, INC.        
(exact name of registrant as specified in its charter)          

Florida                                             No. 59-2597349      
(State of Incorporation)                        (I.R.S. Employer Identification)

2113 Florida Boulevard            
Neptune Beach, Florida 32266          
(Address of Principal Executive Offices)            
Registrant's telephone number, including area code:  (904) 249-4197         
Securities registered pursuant to Section 12(b) of the Act:         
None              
Securities registered pursuant to Section 12(g) of the Act:         
Common Stock, $.01 Par Value          
(Title of Class)          
______________        

 Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of  
1934 during the preceding 12 months (or for such shorter period that the        
registrant was required to file such reports), and (2) has been subject to such 
filing requirements for the past 90 days.                                       
YES [ X ]  NO [    ]              

    Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements   
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.                                                                      
[    ]              

Indicate by check mark whether registrant is an accelerated filer (as 
defined by Rule 126-2 of the Act.                                               
YES [   ]  NO [ X  ]                  

     As of February 25, 2004, 3,706,200 shares of Common Stock of the registrant
were outstanding.  The aggregate market value of such voting Common Stock (based
upon the closing sale price of the registrant's Common Stock on the Over the    
Counter Bulletin Board on February 25, 2004, as reported in The Wall Street     
Journal) held by non-affiliates of the registrant was approximately $1,118,500. 

Documents Incorporated by Reference     
Portions of the registrant's 2003 Annual Report to Shareholders are   
incorporated by reference into Part II.  Portions of the Proxy Statement for the
registrant's 2004 Annual Meeting of Shareholders are incorporated by reference  
into Part III.                                                                  

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PART I  
ITEM 1.     BUSINESS                                                            

General                                                                         

Family Steak Houses of Florida, Inc. (the "Company")is the            

operator of eighteen restaurants in the state of Florida. The                   
Company's first restaurant was opened in Jacksonville, Florida                  
in May 1982.  The Company's stock trades on the Over the Counter                
Bulletin Board under the symbol RYFL.                                           

The Company is the sole franchisee for Ryan's Family Steak            
House, Inc. in the state of Florida operating under a franchise                 
agreement with Ryan's Properties, Inc. (the "Franchisor").                      
Ryan's restaurants are family-oriented buffet restaurants                       
serving high-quality, reasonably priced food in a casual                        
atmosphere with server-assisted service. Ryan's restaurants                     
feature self-service scatter bars with a variety of over 100                    
fruit, vegetable and meat entree items, bakery and dessert bar,                 
drink refills and table service.  Several restaurants feature a                 
display cooking area, where guests can have grilled-to-order                    
steaks, chicken, pork chops and other items, all of which is                    
included in the price of the all-you-can-eat buffet.                            

In December 2003, the Company amended the franchise                   
agreement which, among other things, requires each Ryan's                       
restaurant to be converted to a different name and logo by June                 
2005.  The Ryan's restaurants will be converted to one of two                   
names, based on a variety of factors, either "Whistle Junction"                 
or "Florida Buffet" (the "Whistle Junction Restaurant" and/or                   
the "Florida Buffet Restaurant").  The operations of the Whistle                
Junction Restaurants and the Florida Buffet Restaurants will                    
maintain the current buffet format and will include enhancements                
to the buildings, service and menus.                                            

Company History                                                                 

The Company was formed effective September 1985 by the                
combination of six limited partnerships, each of which owned and                
operated a Ryan's restaurant franchise.  In April 1986, the                     
Company issued 853,200 shares of its common stock in exchange                   
for the assets and liabilities of the predecessor partnerships                  
and 1,134,000 shares of its common stock to Eddie L. Ervin, Jr.,                
in consideration for Mr. Ervin assigning to the Company all of                  
his rights under the Franchise Agreement, as defined below. The                 
Company completed its initial public offering of 900,000 shares                 
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of its common stock in 1986 resulting in net proceeds to the                    
Company of approximately $4,145,000.                                            

Franchise Agreement                                                             

The Company operates its Ryan's restaurants under a                   
franchise agreement between the Company and the Franchisor dated                
September 16, 1987, which amended and consolidated all previous                 
franchise agreements (as amended, the "Franchise Agreement"). In                
December 2003, the Company entered into an amendment(the                        
"Amendment") to the Franchise Agreement to terminate the                        
Franchise Agreement by June 2005.  The Amendment requires the                   
Company to convert a specific number of its Ryan's restaurants                  
each quarter to a new name and logo, beginning the first quarter                
of 2004, and requires all of the Ryan's restaurants to be                       
converted by June 2005.  As soon as each Ryan's restaurant is                   
converted, franchise fees are no longer payable to the                          
Franchisor for that converted restaurant.  (See Note 4 to the                   
Financial Statements for further details in the Company's 2003                  
Annual Report to Shareholders.)                                                 

The Amendment requires the Company to pay a monthly                   
franchise fee of 4.0% of the gross receipts of each restaurant                  
operating under the name of Ryan's. Total franchise fee expenses                
were $1,494,400, $1,681,600 and $1,260,300 for fiscal years                     
2003, 2002 and 2001, respectively.                                              

The Company plans to convert most of the Ryan's restaurants           
to a new family-buffet dining concept by creating a new brand                   
that will be known as the "Whistle Junction".  The new concept                  
entails a substantial redesigning of the restaurant's exterior                  
to look like an old train station.  The interior of the                         
restaurants will also feature the train theme, including                        
operating model railroads running throughout the dining room and                
various train memorabilia.  The operation of the Whistle                        
Junction Restaurants will continue to be a buffet format, but                   
with an upgraded menu and improved service levels.  The first                   
Whistle Junction Restaurant is scheduled to open in March 2004,                 
and a newly built Whistle Junction Restaurant is scheduled to                   
open in April 2004.                                                             

Certain of the Ryan's restaurants will be converted to an             
alternate brand that will be known as the "Florida Buffet" based                
on various factors including the restaurant's location.  Through                
February 2004, three Ryan's restaurants have been converted to                  
Florida Buffet Restaurants.  The Florida Buffet conversions                     
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include interior and exterior changes to the building design to                 
incorporate a "Florida look" theme, although the changes are not                
as significant as those for the Whistle Junction Restaurant.                    
Menu and service enhancements are also added to the Florida                     
Buffet Restaurants which are designed to attract and maintain                   
increased customer volumes.                                                     

The following schedule outlines the number of Ryan's restaurants                
required to be converted to another name by the Company at each                 
quarter-end under the Amendment.  Failure to convert the                        
cumulative required number of restaurants at any quarter-end                    
date results in a higher franchise fee on the restaurants still                 
using the Ryan's name.  Failure to convert all of the                           
restaurants by June 30, 2005 is a default under the Franchise                   
Agreement in the event of which the franchisor has the right to                 
require the Company to cease using the Ryan's name immediately.                 

           Cumulated Number of
           Restaurants Required to
End of Fiscal Quarter                 be Converted                              

March 31, 2004                               3                                  
June 30, 2004                                5                                  
September 30, 2004                           8                                  
December 31, 2004                           11                                  
March 31, 2005                              14                                  
June 30, 2005                               18                                  

The Company is ahead of this schedule for the first quarter           
of 2004, having converted three restaurants by February 11,                     
2004.  However, the Company's ability to convert the remaining                  
restaurants depends on factors that may be beyond management's                  
control, such as its ability to raise capital for the Whistle                   
Junction remodels, obtaining building permits, the operating                    
results of the converted restaurants, and the resulting impact                  
on the Company's cash flow and other variable factors.                          

Operations of Restaurants                                                       

Format. As of February 25, 2004, 17 of the Company's                  
restaurants are located in free-standing buildings which vary in                
size from 7,500 to 12,000 square feet.  One of the Company's                    
restaurants is located in a shopping mall.  Each restaurant is                  
constructed of brick or stucco walls, interior and exterior,                    
with exposed woodwork.  The interior of each restaurant contains                
a dining room, a customer ordering area, and a kitchen.  The                    
dining rooms seat between 270 and 500 persons and highlight                     
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centrally located, illuminated scatter bars and a fresh bakery                  
and dessert bar.  Six restaurants include a display cooking area                
with a charcoal grill and a flat grill for grilled-to-order                     
steaks, pork chops and chicken items, a rotisserie chicken                      
broiler, a pizza oven and a wok for preparation of Chinese food                 
items.  Each restaurant has parking for approximately 100 to 175                
cars on lots of overall size of approximately 50,000 to 70,000                  
square feet.                                                                    

The restaurants operate seven days a week.  Typical hours             
of operation are from 11:00 a.m. to 9:00 p.m., Sunday through                   
Thursday, and from 11:00 a.m. to 10:00 p.m., Friday and                         
Saturday. Restaurants that serve breakfast open at 8:00 a.m.                    
Saturday and Sunday. In each restaurant, the customer enters the                
restaurant, orders from the menu, and then enters the dining                    
room. Beverages are brought to the table by servers. Entrees are                
cooked to order at most locations. The customer ordering the                    
buffet is given unlimited access to the scatter bars and the                    
bakery and dessert bar.  Customers receive table service of the                 
entree and beverage refills except at stores with display                       
cooking, which offer buffet only. For the fiscal year ended                     
December 31, 2003, the average weekly customer count per                        
restaurant was approximately 5,220 and the average meal price                   
(including beverage) was approximately $7.00.                                   

Restaurant Management and Supervision.  The Company manages           
its restaurants pursuant to a standardized operating and control                
system together with comprehensive recruiting and training of                   
personnel to maintain food and service quality. In each                         
restaurant, the management group consists of a general manager,                 
a manager and one to three assistant managers, depending on                     
sales volume. The Company requires at least two members of the                  
management group on duty during all peak serving periods.                       
Management-level personnel usually begin employment at the                      
manager trainee or assistant manager level, depending on prior                  
restaurant management experience. All new management-level                      
personnel must complete the Company's five-week training program                
prior to being placed in a management position.                                 

Each restaurant management group reports to a supervisor.             
Presently, the supervisors each oversee the operations of five                  
to seven restaurants. The supervisors report directly to the                    
Director of Operations.  Communication and support from all                     
departments in the Company are designed to assist the                           
supervisors in responding promptly to local problems and                        
opportunities.                                                                  
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All restaurant managers and supervisors participate in                
incentive programs based upon the profitability of their                        
restaurants and upon the achievement of certain pre-set goals.                  
The Company believes these incentive programs enable it to                      
operate more efficiently and to attract qualified managers. The                 
Company has an operating partner program for certain managers to                
provide them with an additional career path and give them                       
increased incentive to maximize the profitability of their                      
restaurants. The Company currently has two operating partners                   
participating in this program.                                                  

Purchasing, Quality and Cost Control.  The Company has a              
centralized purchase control program which is designed to ensure                
uniform product quality in all restaurants.  The program also                   
helps to maintain reduced food, beverage, and supply costs. The                 
Company purchases approximately 90% of the products used by the                 
Company's restaurants through the centralized purchase control                  
program. USDA choice or select grain-fed beef, the Company's                    
primary commodity, is closely monitored by the Company for                      
advantageous purchasing and quality control. The Company                        
purchases beef through various producers and brokers both on a                  
contract basis and on a spot basis. Beef and other products are                 
generally delivered directly to the restaurants three times                     
weekly. The Company has in the past obtained satisfactory                       
sources of supply for all the items it regularly uses and                       
believes it will be able to continue to do so in the future.                    

The Franchise Agreement requires all suppliers of Ryan's              
restaurants be approved by the Franchisor. Through its                          
relationship with the Franchisor, the Company has obtained                      
favorable pricing on the purchase of food products from several                 
suppliers.  After the termination of the Franchise Agreement,                   
there can be no assurance that these favorable pricing terms                    
will be maintained on all products.  The Company changed its                    
primary distributor to Performance Food Group ("PFG") in 2004.                  
The PFG agreement is cancelable at any time with 90 days notice.                

The Company maintains centralized financial and accounting            
controls for its restaurants.  On a daily basis, restaurant                     
managers forward customer counts, sales information and supplier                
invoices to Company headquarters.  On a weekly basis, restaurant                
managers forward summarized sales reports and payroll data.                     
Physical inventories of all food and supply items are taken                     
weekly, and meat is inventoried daily.                                          
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Development                                                                     

General. The Company operated 15 Ryan's restaurants and               
three Florida Buffet Restaurants as of February 25, 2004.  A new                
Whistle Junction Restaurant, one of the Company's new restaurant                
concepts, is under construction and is expected to open in April                
2004.                                                                           

Site Location and Construction.  The Company considers the            
specific location of a restaurant to be important to its long-                  
term success.  The Company's site selection process for its                     
restaurants focuses on a variety of factors including trade area                
demographics (such as population density and household income                   
level), site characteristics (such as visibility, accessibility,                
and traffic volume), proximity to large retailers and potential                 
competition. In addition, site selection is influenced by the                   
general proximity of a site to other Company restaurants to                     
improve the efficiency of the Company's field supervisors and                   
potential marketing programs. The Company generally locates its                 
restaurants near or adjacent to residential areas in an effort                  
to capitalize on repeat business from such areas as opposed to                  
relying solely upon transient business.                                         

The Company used a general contractor selected from several           
solicited bids, for most of the Company's restaurants built in                  
recent years.  For the Company's newest restaurant, opened in                   
December 2001, the Company used its construction subsidiary as                  
the general contractor to expedite the process of obtaining                     
building permits.  New restaurants are usually completed within                 
five months of the date on which construction is commenced.                     

Management of New Restaurants. When a new restaurant is               
opened, the principal restaurant management positions are                       
staffed primarily with management personnel who have prior                      
experience in a management position at another of the Company's                 
restaurants and who have undergone special training.  Prior to                  
opening, all staff personnel at the new location complete one                   
week of intensive training conducted by a training team. Such                   
training includes pre-opening drills in which test meals are                    
served to the invited public.  Both the staff at the new                        
location and personnel experienced in store openings at other                   
locations participate in the training and drills.                               
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Proprietary Trade Marks                                                         

The name "Ryan's Family Steak House" along with all                   
ancillary signs, building design and other symbols used in                      
conjunction with the name, are the primary trademarks and                       
service marks of the Franchisor. Such marks are registered in                   
the United States.  The Company has applied for a trademark for                 
its new Whistle Junction concept.                                               

Competition                                                                     

The food service business in Florida is highly competitive            
and is often affected by changes in the taste and eating habits                 
of the public, economic conditions affecting spending habits,                   
local demographics, traffic patterns and local and national                     
economic conditions.  The principal bases of competition in the                 
industry are the quality and price of the food products offered.                
Location, speed of service and attractiveness of the facilities                 
are also important factors.  The Company's restaurants are in                   
competition with restaurants operated or franchised by national,                
regional and local restaurant companies offering a similar menu,                
many of which have greater resources than the Company.  The                     
Company is also in competition with specialty food outlets and                  
other vendors of food.  With the termination of the Company's                   
Franchise Agreement, the Company could experience competition                   
from its former Franchisor.                                                     

The amount of new competition near Company restaurants has            
increased significantly in the past few years. In some cases,                   
competitors have opened new restaurants with superior facilities                
close to the Company's restaurants. In addition, in the past                    
several years, many restaurants have remodeled to incorporate a                 
scatter bar format similar to that used by the Company.                         
Management has developed strategies to attempt to reduce the                    
negative impact on sales from new competition, but there can be                 
no assurance that sales trends will improve.                                    

Employees                                                                       

As of December 31, 2003, the Company employed approximately           
1,050 persons, of whom approximately 40% are considered by                      
management as part-time employees.  No labor unions currently                   
represent any of the Company's employees.  The Company has not                  
experienced any work stoppages attributable to labor disputes                   
and considers employee relations to be good.                                    
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Government Regulation                                                           

The Company is subject to the Fair Labor Standards Act                
which governs such matters as minimum wage requirements,                        
overtime and other working conditions.  A large number of the                   
Company's restaurant personnel are paid at or slightly above the                
federal statutory minimum wage level and, accordingly, any                      
change in such minimum wage will affect the Company's labor                     
costs. Costs of food, beverage, and labor are the expenses most                 
affected by inflation in the Company's business. Although                       
inflation in recent years has been low and accordingly has not                  
had a significant impact on the Company, there can be no                        
assurance that inflation will not increase and impact the                       
Company in the future.                                                          

Although no minimum wage increases have been signed into              
law, various proposals are presently being considered in the                    
United States Congress.  Such changes in the federal minimum                    
wage would impact the Company's payroll and benefits costs.  The                
Company is typically able to increase its menu prices to cover                  
most of the payroll rate increases; however, there can be no                    
assurance that menu price increases will be able to offset labor                
cost increases in the future. Annual sales price increases have                 
consistently ranged from 1.0% to 3.0%.                                          

The Company is also subject to the Equal Employment                   
Opportunity Act and a variety of federal and state statutes and                 
regulations. Any new legislation or regulation that may require                 
the Company to pay more in health insurance premiums may                        
adversely affect the Company's labor costs.                                     

The Company's restaurants are constructed to meet local and           
state building requirements and are operated in accordance with                 
state and local regulations relating to the preparation and                     
service of food. More stringent and varied requirements of local                
governments with respect to land use, zoning and environmental                  
factors may in some cases delay the Company's construction of                   
new restaurants or remodels of existing ones.                                   

The Company believes that it is in substantial compliance             
with all applicable federal, state and local statutes,                          
regulations and ordinances including those related to protection                
of the environment and that compliance has had no material                      
effect on the Company's capital expenditures, earnings or                       
competitive position, and such compliance is not expected to                    
have a material adverse effect upon the Company's operations.                   
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The Company, however, cannot predict the impact of possible                     
future legislation or regulation on its operations.                             

Sources and Availability of Raw Materials                                       

The Company procures its food and other products from a               
variety of suppliers, and follows a policy of obtaining its food                
and products from several major suppliers under competitive                     
terms.  To ensure against interruption in the flow of food                      
supplies due to unforeseen or catastrophic events, to take                      
advantage of favorable purchasing opportunities, and to ensure                  
that meat received by the Company is properly aged, the Company                 
maintains a two to six-week supply of beef.                                     

Working Capital Requirements                                                    

Substantially all of the Company's revenues are derived               
from cash sales.  Inventories are purchased on credit and are                   
converted rapidly to cash.  The Company does not maintain                       
significant receivables or inventories. Therefore, with the                     
exception of debt service, working capital requirements for                     
continuing operations are not significant.                                      

Long-Term Debt                                                                  

In December 1996, the Company entered into a series of loan           
agreements with FFCA Mortgage Corporation, (now know as GE                      
Capital Franchise Finance Corporation ("GE Capital").  As of                    
December 31, 2003, the outstanding balance due under the                        
Company's various loans with GE Capital was $18,189,200.  The                   
weighted average interest rate for the GE Capital loans is 7.37%                
at December 31, 2003.  The Company used the proceeds of the GE                  
Capital loans primarily to refinance its debt and to fund                       
construction of one new restaurant.                                             

Seasonality                                                                     

The Company's operations are subject to seasonal                      
fluctuations. Revenues per restaurant generally increase from                   
January through April and decline from September through                        
December.                                                                       

Research                                                                        

The Company has relied primarily on the Franchisor to                 
maintain ongoing research programs relating to the development                  
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of new products.  Since the Company has reached an agreement to                 
terminate the Franchise Agreement, beginning in 2004, it will                   
have to conduct its own research and development.  Management                   
believes this can be accomplished by working with its various                   
product manufacturers, who actively research and test products                  
and make presentations to the Company on a regular basis.  The                  
Company entered into an agreement in 2003 with the Brown Group,                 
an organization experienced with design and development of                      
restaurant concepts, for a total fee of $100,000 for the purpose                
of developing its new Whistle Junction concept.                                 

Customers                                                                       

No material part of the Company's business is dependent               
upon a single customer or a few customers.                                      

Information as to Classes of Similar Products or Services                       

The Company operates in only one industry segment.  All               
significant revenues and pre-tax earnings relate to retail sales                
of food to the general public through restaurants owned and                     
operated by the Company. The Company has no operations outside                  
the continental United States.                                                  

As of February 25, 2004, the Company operated 15 Ryan's               
restaurants and three Florida Buffet Restaurants.                               
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ITEM 2.  PROPERTIES                                                             

Restaurant                               Restaurant Concept           
Locations                Date Opened    as of March 1, 2003           
--------                 -----------         ------------             
(2)Ocala                   September 1986          Ryan's                   
(2)Lakeland                February  1987          Ryan's                   
(2)Lakeland                March     1987          Ryan's                   
(2)Winter Haven            August    1987          Ryan's                   
(2)Gainesville             December  1987       Florida Buffet              
(2)Tampa                   June      1988       Florida Buffet              
(2)Tallahassee             August    1988          Ryan's                   
(2)Daytona Beach           September 1988          Ryan's                   
(1)Tampa                   November  1988          Ryan's                   
(2)Orlando                 February  1989          Ryan's                   
(2)Melbourne               October   1989          Ryan's                   
(2)Lake City               March     1991          Ryan's                   
(1)Brooksville             January   1997          Ryan's                   
(2)Deland                  April     1999          Ryan's                   
(1)Tampa                   September 1999       Florida Buffet              
(2)St. Cloud               December  2000          Ryan's                   
(2)Titusville              May       2001          Ryan's                   
(2)Jacksonville            December  2001          Ryan's                   

(1) Leased property                                                             
(2) Property subject to mortgage securing GE Capital Notes                      

As of December 31, 2003, the Company owned the real                   
property on which 15 of its restaurants were located. All of                    
these properties are subject to mortgages securing the GE                       
Capital notes.                                                                  

The Company also leases two buildings in Jacksonville,                
Florida for its executive offices.                                              

ITEM 3.  LEGAL PROCEEDINGS                                                      

The Company, in the normal course of business, is subject             
to occasional legal proceedings.  However, there are no material                
pending legal proceedings to which the Company, or any of its                   
subsidiaries, is a party or to which any of their properties                    
are subject; nor are there material proceedings known to be                     
contemplated by any governmental authority; nor are there                       
material proceedings known to the Company, pending or                           
contemplated, in which any director, officer, affiliate                         
or any principal security holder of the Company or any associate                
of the foregoing is a party or has an interest adverse to the                   
Company.                                                                        
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ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                    

None.                                                                 

PART II                 

ITEM 5.   MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED                 
STOCKHOLDER MATTERS                                         

The information contained under the caption "Common Stock             
Data" in the Company's 2003 Annual Report to Shareholders is                    
incorporated herein by reference.                                               

ITEM 6.   SELECTED FINANCIAL DATA                                               

The information contained under the caption "Five Year                
Financial Summary" in the Company's 2003 Annual Report to                       
Shareholders is incorporated herein by reference.                               

ITEM 7.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL                     
CONDITION AND RESULTS OF OPERATIONS                         

The information contained under the caption "Management's             
Discussion and Analysis of Financial Condition and Results of                   
Operations" in the Company's 2003 Annual Report to Shareholders                 
is incorporated herein by reference.                                            

ITEM 7.A  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT RISK                   

The information contained under the caption "Quantitative             
and Qualitative Disclosure About Risk" in the Company's 2003                    
Annual Report to Shareholders is incorporated herein by                         
reference.                                                                      

ITEM 8.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                           

Financial Statements                                                            

The Consolidated Financial Statements of the Company and              
Independent Auditors' Report as contained in the Company's 2003                 
Annual Report to Shareholders are incorporated herein by                        
reference.                                                                      
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Supplementary Data                                                              

The information contained under the caption "Quarterly                          
Consolidated Financial Data" in the Company's 2003 Annual Report                
to Shareholders is incorporated herein by reference.                            

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON                        
ACCOUNTING AND FINANCIAL DISCLOSURE.                        

None.                                                                 

ITEM 9.A. CONTROLS AND PROCEDURES                                               

(a)     Evaluation of disclosure controls and procedures.  As                   
required by Rule 13a-15(e) under the Securities Exchange Act of                 
1934 (the "Exchange Act"), as of the end of the period covered                  
by this report, the Company carried out an evaluation of the                    
effectiveness of the design and operation of the Company's                      
disclosure controls and procedures.  This evaluation was carried                
out under the supervision and with the participation of the                     
Company's management, including the President and the Director                  
of Finance.  Based upon that evaluation, the Company's President                
and Director of Finance have concluded that the Company's                       
disclosure controls and procedures are effective in alerting them               
to material information regarding the Company's financial statements            
and disclosure obligation in order to allow the Company to meet                 
its reporting requirements under the Exchange Act in a timely                   
manner.                                                                         

(b)     Changes in internal control.  There have been no changes                
in internal controls or in other factors that could                             
significantly affect these controls subsequent to the date of                   
their evaluation, including any corrective actions with regard                  
to significant deficiencies and material weaknesses.                            

PART III                

ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT                    

The information regarding directors contained under the               
caption "Election of Directors" in the Company's Proxy Statement                
for the 2004 Annual Meeting of Shareholders, which will be filed                
with the Securities and Exchange Commission by April 29, 2004,                  
is incorporated herein by reference.                                            
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Executive Officers                                                              

The following persons were executive officers of the                  
Company effective December 31, 2003:                                            

Edward B. Alexander, age 45, has been President of the                
Company since April 2003.  He was Executive Vice President from                 
September 1999 to April 2003, and was Chief Financial Officer of                
the Company from 1990 to April 2003.  In addition, Mr. Alexander                
served on the Company's Board of Directors from May 1996 to July                
1999.                                                                           

ITEM 11.  EXECUTIVE COMPENSATION                                                

The information contained under the caption "Executive Pay"           
in the Company's Proxy Statement for the 2004 Annual Meeting of                 
Shareholders, which will be filed with the Securities and                       
Exchange Commission by April 29, 2004, is incorporated herein by                
reference.                                                                      

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND                   
MANAGEMENT                                                  

The information contained under the captions "Security                
Ownership of Certain Beneficial Owners and Management" in the                   
Company's Proxy Statement for the 2004 Annual Meeting of                        
Shareholders, which will be filed with the Securities and                       
Exchange Commission by April 29, 2004, is incorporated herein by                
reference.                                                                      

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS                        

The information contained under the captions "Election of             
Directors - Certain Relationships and Related Transactions" and                 
"Compensation Committee Interlocks and Insider Participation" in                
the Company's Proxy Statement for the 2004 Annual Meeting of                    
Shareholders, which will be filed with the Securities and                       
Exchange Commission by April 29, 2004, is incorporated herein by                
reference.                                                                      

ITEM 14.  PRINCIPAL ACCOUNTING FEES AND SERVICES                                

The information contained under the caption "Principal                
Accounting Fees and Services" in the Company's Proxy Statement                  
for the 2004 Annual Meeting of Shareholders, which will be filed                
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with the Securities and Exchange Commission by April 29, 2004,                  
is incorporated herein by reference.                                            

PART IV               

ITEM 15.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON                
FORM 8-K                                                    

(a)1.    The financial statements listed below are filed with                   
this report on Form 10-K or are incorporated herein by        
reference from the Company's 2003 Annual Report to            
Shareholders. With the exception of the pages listed          
below, the 2003 Annual Report to Shareholders is not          
deemed "filed" as a part of this report on Form 10-K.         

                        Page
                         Reference

                 Form       2003
                      10-K   Annual Report

Consent of Independent Certified                                                
Public Accountants                     25                                   
Independent Auditors' Report                      37                            
Consolidated Statements of Operations             15                            
Consolidated Balance Sheets                       16                            
Consolidated Statements of Share-                                               
holders' Equity                                 17                          
Consolidated Statements of Cash Flows             18                            
Notes to Consolidated Financial                                                 
Statements                                      19                          
Common Stock Data                                 40                            
Five-Year Financial Summary                        4                            
Management's Discussion and Analysis of                                         
Financial Condition and Results of                                          
Operations                                       5                          
Quantitative and Qualitative                                                    
Disclosures About Risk                          14                          

(a)2.    No financial statement schedules have been included                    
since the required information is not applicable or the       
information required is included in the financial             
statements, the notes thereto, or Item 8 of this              
report.                                                       
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(a)3.    The following exhibits are filed as part of this report                
on Form 10-K, and this list comprises the Exhibit             
Index.                                                        

No.  Exhibit                                                        

3.01  Articles of Incorporation of Family Steak Houses of             
Florida, Inc. (Exhibit 3.01 to the Company's              
Registration Statement on Form S-1, Registration No.      
33-1887, is incorporated herein by reference.)            

3.02  Bylaws of Family Steak Houses of Florida, Inc.                  
(Exhibit 3.02 to the Company's Registration Statement     
on Form S-1, Registration No. 33-1887, is                 
incorporated herein by reference.)                        

3.03  Articles of Amendment to the Articles of                        
Incorporation of Family Steak Houses of Florida, Inc.     
(Exhibit 3.03 to the Company's Registration Statement     
on Form S-1, Registration No. 33-1887, is                 
incorporated herein by reference.)                        

3.04  Articles of Amendment to the Articles of                        
Incorporation of Family Steak Houses of Florida, Inc.     
(Exhibit 3.04 to the Company's Registration Statement     
on Form S-1, Registration No. 33-1887, is                 
incorporated herein by reference.)                        

3.05  Amended and Restated Bylaws of Family Steak Houses of           
Florida, Inc. (Exhibit 4 to the Company's Form 8-A,       
filed with the Commission on March 19, 1997, is           
incorporated herein by reference.)                        

3.06  Articles of Amendment to the Articles of                        
Incorporation of Family Steak Houses of Florida, Inc.     
(Exhibit 3 to the Company's Form 8-A filed with the       
Commission on March 19, 1997, is incorporated herein      
by reference.)                                            

3.07  Articles of Amendment to the Articles of                        
Incorporation of Family Steak Houses of Florida, Inc.     
(Exhibit 3.08 to the Company's Annual Report on Form      
10-K filed with the Commission on March 31, 1998, is      
incorporated herein by reference.)                        
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3.08  Amendment to Bylaws of Family Steak Houses of                   
Florida, Inc. (Exhibit 3.08 to the Company's Annual       
Report on Form 10-K filed with the Commission on          
March 15, 2000, is incorporated herein by reference.)     

3.09  Articles of Amendment to the Articles of                        
Incorporation of Family Steak Houses of Florida, Inc.     

10.01  Amended Franchise Agreement between Family Steak                 
Houses of Florida, Inc. and Ryan's Family Steak           
Houses, Inc., dated September 16, 1987.  (Exhibit         
10.01 to the Company's Registration Statement on Form     
S-1, filed with the Commission on October 2, 1987,        
Registration No. 33-17620, is incorporated herein by      
reference.)                                               

10.02  Lease regarding the restaurant located at 3549                   
Blanding Boulevard, Jacksonville, Florida (Exhibit        
10.03 to the Company's Registration Statement on Form     
S-1, Registration No. 33-1887, is incorporated herein     
by reference.)                                            

10.03  Amendment of Franchise Agreement between Ryan's                  
Family Steak Houses, Inc. and the Company dated July      
11, 1994. (Exhibit 10.17 to the Company's Annual          
Report on Form 10-K, filed with the Commission on         
March 28, 1995, is incorporated herein by reference.)     

10.04  Agreement between the Company and Kraft Foodservice,             
Inc. (now U.S. Foods), as the Company's primary food      
product distribution. (Exhibit 10.06 to the Company's     
Quarterly Report on Form 10-Q, filed with the             
Commission on August 9, 1995, is incorporated herein      
by reference.)                                            

10.05  Lease Agreement between the Company and CNL American             
Properties Fund, Inc., dated as of September 18,          
1996. (Exhibit 10.02 to the Company's Quarterly           
Report on Form 10-Q, filed with the Commission on         
November 18, 1996 is hereby incorporated by               
reference.)                                               

10.06  Rent Addendum to Lease Agreement between the Company             
and CNL American Properties Fund, Inc., dated as of       
September 18, 1996. (Exhibit 10.04 to the Company's       
Quarterly Report on Form 10-Q, filed with the             
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Commission on November 18, 1996 is hereby                 
incorporated by reference.)                               

10.07  Amendment of Franchise Agreement between the Company             
and Ryan's Family Steak Houses, Inc. dated October 3,     
1996. (Exhibit 10.15 to the Company's Annual Report       
on Form 10-K, filed with the Commission on April 1,       
1997 is hereby incorporated by reference.)                

10.08  $15.36m Loan Agreement, between the Company and FFCA             
Mortgage Corporation, dated December 18, 1996.            
(Exhibit 10.18 to the Company's Annual Report on Form     
10-K, filed with the Commission on April 1, 1997 is       
hereby incorporated by reference.)                        

10.09  $4.64m Loan Agreement, between the Company and FFCA              
Mortgage Corporation, dated December 18, 1996.            
(Exhibit 10.19 to the Company's Annual Report on Form     
10-K, filed with the Commission on April 1, 1997 is       
hereby incorporated by reference.)                        

10.10  Form of Promissory Note between the Company and FFCA             
Mortgage Corporation, dated December 18, 1996.            
(Exhibit 10.20 to the Company's Annual Report on Form     
10-K, filed with the Commission on April 1, 1997 is       
hereby incorporated by reference.)                        

10.11  Form of Mortgage between the Company and FFCA                    
Mortgage Corporation, dated December 18, 1996             
(Exhibit 5 to the Company's Schedule 14D-9, filed         
with the Commission on March 19, 1997 is hereby           
incorporated by reference.)                               

10.12  Form of Mortgage between the Company and FFCA                    
Mortgage Corporation, dated March 18, 1996. (Exhibit      
10.22 to the Company's Annual Report on Form 10-K,        
filed with the Commission on April 1, 1997 is hereby      
incorporated by reference.)                               

10.13  Lease agreement dated January 29, 1998 between the               
Company and Excel Realty Trust, Inc. (Exhibit 10.19       
to the Company's Annual Report on Form 10-K, filed        
with the Commission on March 31, 1998 is hereby           
incorporated by reference.)                               
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10.14  Lease between the Company and Stuart S. Golding                  
Company dated February 3, 1999. (Exhibit 10.23 to the     
Company's Annual Report on Form 10-K, filed with the      
Commission on March 24, 1999 is hereby incorporated       
by reference).                                            

10.15  Amendment of Franchise Agreement between the Company             
and Ryan's Family Steak Houses, Inc. dated August 31,     
1999.  (Exhibit 10.19 to the Company's Annual Report      
on Form 10-K filed with the Commission on March 15,       
2000 is incorporated herein by reference.)                

10.16  Stock option agreement between the Company and                   
director Jay Conzen, dated November 3, 1999. (Exhibit     
10.20 to the Company's Annual Report on Form 10-K         
filed with the Commission on March 15, 2000 is            
incorporated herein by reference.)                        

10.17  Amendment to Franchise Agreement between the Company             
and Ryan's Properties, Inc. dated January 30, 2002.       
(Exhibit 10.19 to the Company's Annual Report on Form     
10-K filed with the Commission on March 29, 2002 is       
incorporated herein by reference.)                        

10.18  Contract for sale and leaseback of restaurant                    
property between the Company and After Ours, LLC,         
dated June 10, 2002. (Exhibit 10.01 to the Company's      
Quarterly Report on Form 10-Q filed with the              
Commission on August 16, 2002 is incorporated herein      
by reference.)                                            

10.19  Lease agreement for restaurant property between the              
Company and After Ours, LLC, dated July 12, 2002.         
(Exhibit 10.02 to the Company's Quarterly Report on       
Form 10-Q filed with the Commission on August 16,         
2002 is incorporated herein by reference.)                

10.20  Lease Agreement between the Company and E.D.I.                   
Investments, Inc. for a restaurant property, dated        
August 5, 2002.  (Exhibit 10.03 to the Company's          
Quarterly Report on Form 10-Q filed with the              
Commission on August 16, 2002 is incorporated herein      
by reference.)                                            
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10.21  Form of Amended and Restated Mortgage Agreement                  
between the Company and GE Capital Franchise Finance      
Corporation dated October 21, 2002.  (Exhibit 10.01       
to the Company's Quarterly Report on Form 10-Q filed      
with the Commission on November 15, 2002 is               
incorporated herein by reference.)                        

10.22  Form of Promissory Note between the Company and GE               
Capital Franchise Finance Corporation dated October       
21, 2002.  (Exhibit 10.02 to the Company's Quarterly      
Report on Form 10-Q filed with the Commission on          
November 15, 2002 is incorporated herein by               
reference.)                                               

10.23  Form of Loan Agreement between the Company and GE                
Capital Franchise Finance Corporation dated October       
21, 2002.  (Exhibit 10.03 to the Company's Quarterly      
Report on Form 10-Q filed with the Commission on          
November 15, 2002 is incorporated herein by               
reference.)                                               

10.24  Lease Agreement between the Company and Barnhill's               
Buffet, Inc. for a restaurant property in Orange          
Park, Florida.  (Exhibit 10.04 to the Company's           
Quarterly Report on Form 10-Q filed with the              
Commission on November 15, 2002 is incorporated           
herein by reference.)                                     

10.25  Amendment to Franchise Agreement between the Company             
and Ryan's Properties, Inc. dated December 17, 2003.      

10.26  Distribution agreement between the Company and                   
Performance Food Group, Inc. dated July 30, 2003.         

13.01  2003 Annual Report to Shareholders.                              

21.    Subsidiaries of the Company.                                     

23.    Independent Auditors' Consent                                    

31.01  Chief Executive Officer Certification pursuant to                
Section 302 of the Sarbanes-Oxley Act of 2002.            

31.02  Chief Financial Officer Certification pursuant to                
Section 302 of the Sarbanes-Oxley Act of 2002.            
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32.01  Chief Executive Officer Certification pursuant to                
Section 906 of the Sarbanes-Oxley Act of 2002.            

32.02  Chief Financial Officer Certification pursuant to                
Section 906 of the Sarbanes-Oxley Act of 2002.            

(b) Reports on Form 8-K                                                         
None.                                                                   
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SIGNATURES                  

Pursuant to the requirements of Section 13 or 15 (d) of the                     
Securities Exchange Act of 1934, the Registrant has duly caused                 
this report to be signed on its behalf by the undersigned,                      
thereunto duly authorized.                                                      

          FAMILY STEAK HOUSES OF FLORIDA, INC.
Date:   March 29, 2004        By:  /s/ Edward B. Alexander                      
       Edward B. Alexander
President   
           Chief Operating Officer

Pursuant to the requirements of the Securities Exchange Act of                  
1934, this report has been signed by the following persons on                   
behalf of the Registrant in the capacities and on the date                      
indicated.                                                                      

Signature                 Title                            Date                 

/s/ Edward B. Alexander   President                      3/29/04                
Edward B. Alexander       Chief Operating Officer                               

/s/ Stephen C. Travis     Director of Finance            3/29/04                
Stephen C. Travis         (Principal Financial and                              
Accounting Officer)         

/s/ Glen F. Ceiley        Chairman of the Board          3/29/04                
Glen F. Ceiley                                                                  

/s/ Steve Catanzaro       Director                       3/29/04                
Steve Catanzaro                                                                 

/s/ Jay Conzen            Director                       3/29/04                
Jay Conzen                                                                      

/s/ William Means         Director                       3/29/04                
William Means                                                                   
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EXHIBIT 21                                                                      
SUBSIDIARIES OF THE COMPANY                                                     
Steak House Construction Corporation, Inc.                                      
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EXHIBIT 23                                                                      

INDEPENDENT AUDITORS' CONSENT                                                   

We consent to the incorporation by reference in this Annual                     
Report of Family Steak Houses of Florida, Inc. on Form 10-K and                 
in Registration Statement Nos. 33-11684, 33-12556, 33-12556 and                 
333-98327 of Family Steak Houses of Florida, Inc. on Forms S-8                  
of our report dated March 19, 2004, appearing in the 2003 Annual                
Report to Shareholders of Family Steak Houses of Florida, Inc.                  

Deloitte & Touche LLP                                                           
Certified Public Accountants                                                    
Jacksonville, Florida                                                           

March 29, 2004                                                                  
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EXHIBIT 31.01                                                                   

CERTIFICATIONS                

I, Edward B. Alexander, certify that:                                           

1.    I have reviewed this annual report on Form 10-K of                        
Family Steak Houses of Florida, Inc.                                

2.    Based on my knowledge, this annual report does not                        
contain any untrue statement of a material fact or omit to          
state a material fact necessary to make the statements              
made, in light of the circumstances under which such                
statements were made, not misleading with respect to the            
period covered by this annual report;                               

3.    Based on my knowledge, the financial statements, and other                
financial information included in this annual report,               
fairly present in all material respects the financial               
condition, results of operations and cash flows of the              
registrant as of, and for, the periods presented in this            
annual report;                                                      

4.    The registrant's other certifying officer and I are                       
responsible for establishing and maintaining disclosure             
controls and procedures (as defined in exchange Act Rules           
13a-14 and 15d-14) for the registrant and we have:                  

a)  designed such disclosure controls and procedures to             
ensure that material information relating to the            
registrant, including its consolidated subsidiaries,        
is made known to us by others within those entities,        
particularly during the period in which this annual         
report is being prepared;                                   

b)  evaluated the effectiveness of the registrant's                 
disclosure controls and procedures as of a date within      
90 days prior to the filing date of this annual             
report (the "Evaluation Date"); and                         

c)  presented in this annual report our conclusions                 
about the effectiveness of the disclosure controls and      
procedures based on our evaluation as of the                
Evaluation Date;                                            

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5.    The registrant's other certifying officer and I have                      
disclosed, based on our most recent evaluation, to the              
registrant's auditors and the audit committee of                    
registrant's board of directors (or persons performing the          
equivalent function):                                               

a)  All significant deficiencies in the design or                   
operation of internal controls which could adversely        
affect the registrant's ability to record, process,         
summarize and report financial data and have                
identified for the registrant's auditors any material       
weaknesses in internal controls; and                        

b)  any fraud, whether or not material, that involves               
management or other employees who have a significant        
role in the registrant's internal controls; and             

6.    The registrant's other certifying officer and I have                      
indicated in this annual report whether or not there                
were significant changes in internal controls or in other           
factors that could significantly affect internal controls           
subsequent to the date of our most recent evaluation,               
including any corrective actions with regard to                     
significant deficiencies and material weaknesses.                   

Date:  March 29, 2004                                                           
 /s/ Edward B. Alexander
Edward B. Alexander   
President and         
 Chief Operating Officer
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EXHIBIT 31.02                                                                   

I, Stephen C. Travis, certify that:                                             

1.    I have reviewed this annual report on Form 10-K of                        
Family Steak Houses of Florida, Inc.                                

2.    Based on my knowledge, this annual report does not                        
contain any untrue statement of a material fact or omit to          
state a material fact necessary to make the statements              
made, in light of the circumstances under which such                
statements were made, not misleading with respect to the            
period covered by this annual report;                               

3.    Based on my knowledge, the financial statements, and other                
financial information included in this annual report,               
fairly present in all material respects the financial               
condition, results of operations and cash flows of the              
registrant as of, and for, the periods presented in this            
annual report;                                                      

4.    The registrant's other certifying officer and I are                       
responsible for establishing and maintaining disclosure             
controls and procedures (as defined in exchange Act Rules           
13a-14 and 15d-14) for the registrant and we have:                  

a)  designed such disclosure controls and procedures to             
ensure that material information relating to the            
registrant, including its consolidated subsidiaries,        
is made known to us by others within those entities,        
particularly during the period in which this annual         
report is being prepared;                                   

b)  evaluated the effectiveness of the registrant's                 
disclosure controls and procedures as of a date within      
90 days prior to the filing date of this annual             
report (the "Evaluation Date"); and                         

c)  presented in this annual report our conclusions                 
about the effectiveness of the disclosure controls and      
procedures based on our evaluation as of the                
Evaluation Date;                                            

5.    The registrant's other certifying officer and I have                      
disclosed, based on our most recent evaluation, to the              
registrant's auditors and the audit committee of                    
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registrant's board of directors (or persons performing the          
equivalent function):                                               

a)  All significant deficiencies in the design or                   
operation of internal controls which could adversely        
affect the registrant's ability to record, process,         
summarize and report financial data and have                
identified for the registrant's auditors any material       
weaknesses in internal controls; and                        

b)  any fraud, whether or not material, that involves               
management or other employees who have a significant        
role in the registrant's internal controls; and             

6.    The registrant's other certifying officer and I have                      
indicated in this annual report whether or not there                
were significant changes in internal controls or in other           
factors that could significantly affect internal controls           
subsequent to the date of our most recent evaluation,               
including any corrective actions with regard to                     
significant deficiencies and material weaknesses.                   

Date:  March 29, 2004                                                           
 /s/ Stephen C. Travis
Stephen C. Travis   
Director of Finance 
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EXHIBIT 32.01                                                                   

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,           
AS ADOPTED PURSUANT TO                
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002               

In connection with the Family Steak Houses of Florida, Inc.'s                   
(the "Company") Annual Report on Form 10-K for the period ending                
December 31, 2003, as filed with the Securities and Exchange                    
Commission on the date hereof (the "Report"), I, Edward B.                      
Alexander, Chief Operating Officer/President of the Company,                    
certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant                 
to Section 906 of the Sarbanes-Oxley Act of 2002, that,:                        
(1). The Report fully complies with the requirements of               
Section 13(a) or 15(d) of the Securities Exchange Act       
of 1934, as amended; and                                    
(2). The information contained in the Report fairly                   
presents, in all material respects, the financial           
condition and results of operations of the Company.         

Date:  March 29, 2004       By:    /s/ Edward B. Alexander                      
         Edward B. Alexander
   President and
             Chief Operating Officer
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EXHIBIT 32.02                                                                   

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,             
AS ADOPTED PURSUANT TO              
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002               

In connection with the Family Steak Houses of Florida, Inc.'s                   
(the "Company") Annual Report on Form 10-K for the period ending                
December 31, 2003, as filed with the Securities and Exchange                    
Commission on the date hereof (the "Report"), I, Stephen C.                     
Travis, Director of Finance/ Chief Financial Officer of the                     
Company, certify pursuant to 18 U.S.C. Section 1350, as adopted                 
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,                      
that,:                                                                          
(1). The Report fully complies with the requirements of               
Section 13(a) or 15(d) of the Securities Exchange Act       
of 1934, as amended; and                                    
(2). The information contained in the Report fairly                   
presents, in all material respects, the financial           
condition and results of operations of the Company.         

Date:     March 29, 2004       By: /s/ Stephen C. Travis                        
       Stephen C. Travis
         Director of Finance
31            
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Dates Referenced Herein and Documents Incorporated By Reference

		Referenced-On Page
This 10-K Filing	Date	First	Last	Other Filings

	7/11/94	18
	3/28/95	18
	8/9/95	18		10-Q
	3/18/96	19
	9/18/96	18
	10/3/96	19
	11/18/96	18	19	10-Q
	12/18/96	19
	3/19/97	17	19	8-A12G, 8-K, SC 14D9
	4/1/97	19		10-K
	1/29/98	19
	3/31/98	17	19	10-K
	2/3/99	20
	3/24/99	20		10-K
	8/31/99	20
	11/3/99	20
	3/15/00	18	20	10-K, SC 13D/A
	1/30/02	20
	3/29/02	20		10-K
	6/10/02	20
	7/12/02	20
	8/5/02	20
	8/16/02	20		10-Q
	10/21/02	21
	11/15/02	21		10-Q
	3/1/03	12
	7/30/03	21
	12/17/03	21		8-K
For The Period Ended	12/31/03	1	31	10-K/A, DEF 14A
	2/11/04	4
	2/25/04	1	11	4
	3/19/04	25
Filed On / Filed As Of	3/29/04	23	31
	4/29/04	14	16	DEF 14A
	6/30/05	4

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Eaco Corp · 10-K · For 12/31/03

Filed On 3/29/04 4:20pm ET · SEC File 0-14311 · Accession Number 784539-4-8

Annual Report · Form 10-KFiling Table of Contents

10-K · Annual ReportDocument Table of Contents

Dates Referenced Herein and Documents Incorporated By Reference

Annual Report · Form 10-K
Filing Table of Contents

10-K · Annual Report
Document Table of Contents