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February 14, 2020

BBQ Holdings to acquire Granite City Food and Brewery assets

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

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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.

Free Report
img

How is technology having an impact on Consumer buying behavior?

As the world rapidly becomes more connected, it is important for brands to understand the impact that improved technology is having on consumer purchasing behaviors. To react effectively, brands must know how to engage with increasingly digitally savvy consumers. GlobalData’s latest Trend Tracker report provides an analysis of Digital Lifestyles – one of GlobalData's top consumer trends for 2022. The report includes an overview of how digital lifestyles are evolving, including the significant impact that the COVID-19 pandemic had on accelerating digitalization, and how this trend is emerging across different Consumer sectors. Key features included in the report:
  • A breakdown of the trend’s prominence across sectors
  • Insights into consumer online penetration, preferred electronic devices and engagement
  • The key drivers and challenges impacting the digital lifestyles trend
  • A spotlight on key innovations set to reshape the consumer landscape
  • Analysis of what’s next for digital innovations and how brands can leverage the trend
Download this report to keep in touch with the more digital consumer.
by GlobalData
Enter your details here to receive your free Report.

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