BBQ Holdings to acquire Granite City Food and Brewery assets

14th February 2020 (Last Updated February 14th, 2020 14:38)

BBQ Holdings has signed an agreement to acquire the assets of Granite City Food and Brewery, which operates casual dining restaurants in select US markets.

BBQ Holdings to acquire Granite City Food and Brewery assets
Famous Dave is a chain of barbecue restaurants owned by BBQ Holdings. Credit: Dwight Burdette.

BBQ Holdings has signed an agreement to acquire the assets of Granite City Food and Brewery, which operates casual dining restaurants in select US markets.

Established in 1999, Granite City Food and Brewery serves craft beer and food prepared from scratch at its stores.

The deal will further enhance the footprint of BBQ Holdings, which already owns multiple barbeque restaurant chains, including Famous Dave’s, Clark Crew BBQ and Real Famous BBQ.

BBQ Holdings CEO Jeff Crivello said: “This meaningfully accretive acquisition of Granite City Food and Brewery aligns with our strategy to accelerate growth and expansion as a multi-brand restaurant company.

“As an award-winning concept, Granite City is a fantastic addition to the BBQ Holdings family, and we look forward to the synergies we can create between multiple brands.

“Granite City, winner of Nation’s Restaurant News Hot Concept award is known for their brunch, patios, and of course locally brewed craft beer. Granite City fits in well with our operating philosophy of great food and great service.”

BBQ Holdings is a national restaurant company that operates casual and fast dining restaurants.

As of 9 December 2019, BBQ Holdings’ three brands had 126 locations across 33 states and three countries. Of these, 31 outlets were company-owned and remaining are franchise-operated restaurants.

In November last year, BBQ Holdings reported that total revenues for the third quarter of 2019 stood at $23.7m. The figure is a 68.3% jump compared to the third quarter of 2018.

Recently, the company opened several new restaurant concepts, including Clark Crew BBQ in Oklahoma City and Real Famous BBQ in Utah.