BBQ Holdings, the dad or mum of Well-known Dave’s, continues to diversify its portfolio with the acquisition of 25-unit informal eating chain Granite Metropolis Meals and Brewery.
The asset sale comes two months after the Minneapolis-based operator Granite City Food & Brewery Ltd. filed for Chapter 11 bankruptcy protection. Granite additionally owns 4 Cadillac Ranch eating places.
BBQ Holdings CEO Jeff Crivello stated the Minnetonka, Minn.-based firm is simply shopping for the property of the 25-unit Granite Metropolis Meals Brewery. The worth of the deal, which is slated for courtroom approval Feb. 21, was not disclosed.
Crivello stated Granite has been in talks with Landry’s Inc. to purchase the four-unit Cadillac Ranch casual-dining ideas. Landry’s couldn’t instantly be reached for remark.
Crivello stated BBQ Holdings, which has been growing new format shops and types, will add Well-known Dave’s BBQ to the Granite Metropolis menu “the place we really feel applicable.”
“We may also add Granite Metropolis beer to Well-known Dave’s menu the place liquor legal guidelines permit us to move,” he advised NRN in an electronic mail.
The corporate intends to function Granite Metropolis as is with no plans to rebrand.
“BBQ Holdings will decide over the following 60 days what number of Granite Metropolis places will stay open,” Crivello stated.
Granite Metropolis Meals & Brewery, supposed to develop as a sequence of restaurant-microbreweries, was based in 1999 by business veterans who labored for the Champp’s Americana. In 2007, Granite was named a 2007 NRN Hot Concept winner.
“This meaningfully accretive acquisition of Granite Metropolis Meals and Brewery aligns with our technique to speed up progress and enlargement as a multi-brand restaurant firm,” Crivello…