Granite City Food and Brewery Purchased by Famous Dave's Parent Company
Jennifer Lewerenz | Feb 13, 2020 AT 5:55 pm
(KNSI) - The Granite City Food and Brewery chain has a new owner.
BBQ Holdings, Inc., the parent company of Famous Dave’s bought Granite City for an undisclosed sum.
This is the first acquisition for BBQ Holdings, which is based in Minnetonka.
Granite City filed for Chapter 11 in December 2019. They were looking to sell their assets for $7.5 million dollars, plus certain liabilities.
The deal is still subject to approval by the judge overseeing their restructuring, and a hearing is set for February 21.
Granite City opened its first restaurant in St. Cloud in 1999; there are currently 25 Granite City restaurants in 13 states. They also operate four Cadillac Ranch All American Bar & Grill locations in four states.