BT Brands Purchases Village Bier Garten
BT Brands, Inc. (Nasdaq: BTBD, BTBDW) announced the acquisition of the Village Bier Garten in Cocoa, Florida, for $690,000. The German-themed casual restaurant features authentic food and drinks, enhancing BT Brands' presence in Florida. CEO Gary Copperud emphasized that this investment is expected to generate positive cash flow, aligning with the company's strategy of expanding through acquisitions in the restaurant sector. BT Brands operates Burger Time locations across North and South Dakota and Minnesota, and recently acquired Keegan's Seafood Grille and Pie in the Sky Bakery.
- Acquisition of Village Bier Garten for $690,000 enhances presence in Florida.
- Investment expected to generate positive cash flow.
- Aligns with company strategy of restaurant industry acquisitions.
- None.
WEST FARGO, ND / ACCESSWIRE / August 4, 2022 / BT Brands, Inc. (Nasdaq:BTBD and BTBDW), "BT Brands" operator of quick-service Burger Time restaurants, Keegan's Seafood Grille, and Pie in the Sky Bakery and Coffee businesses, announced today that it acquired the Von Stephan Village Bier Garten ("Village Bier Garten's") (https://www.villagebiergartenrestaurant.com/) for
Bier Garten, located in Cocoa, Florida, is a German-themed casual restaurant and bar concept featuring authentic German food and imported German beers combined with regular entertainment, creating an entertaining atmosphere and delivering a memorable guest experience.
Gary Copperud, BT Brands' Chief Executive Officer, said, "Our Bier Garten investment allows BT Brands to expand our Florida presence with a unique and popular concept generating a positive cash flow."
About BT Brands, Inc.: BT Brands, Inc. (BTBD and BTBDW) owns and operates a fast-food restaurant chain called Burger Time with locations in North and South Dakota and Minnesota. The Company recently acquired Keegan Seafood Grille near Clearwater, Florida, and Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts. BT Brands is seeking acquisitions within the restaurant industry.
CONTACT FOR FURTHER INFORMATION:
KENNETH BRIMMER 612-229-8811
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek," and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause the Company's actual results to differ materially from results expressed or implied by the forward-looking statements. These risks include such factors as the disruption to our business from the recent pandemic and the impact on our results of operations, financial condition, and the impact of federal, state, and local government actions and customer behavior in response to the pandemic and its aftermath, the impact and duration of staffing constraints at our restaurants, increased competition, cost increases or shortages in raw food products, and other matters discussed under the Risk Factors section of the BT Brands' Annual Report on Form 10-K for the fiscal year ended January 2, 2022, filed with the SEC, and other filings with the SEC. BT Brands disclaims any obligation or duty to update or modify these forward-looking statements.
SOURCE: BT Brands, Inc.
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