MINNETONKA, Minn., Oct. 6, 2021 /PRNewswire/ — BBQ Holdings, Inc., the multi-brand restaurant firm behind fan-favorite restaurant ideas reminiscent of Famous Dave’s, Granite City Food and Brewery and most just lately Village Inn and Bakers Square, is including yet one more model to its portfolio with the acquisition of Tahoe Joe’s, the five-unit Central Valley, California-based steakhouse chain. The deal is about to shut on Friday, October eighth and marks the second acquisition for the model this yr. The 26-year-old legacy model Tahoe Joe’s is thought for its well-known Lake Tahoe steaks, burgers, pork chops and railroad camp shrimp.
In response to Jeff Crivello, BBQ Holdings’ CEO, Tahoe Joe’s will complement the restaurant group’s roster of manufacturers seamlessly. “We’re thrilled to welcome Tahoe Joe’s into the BBQ Holdings Household. This well-loved model will fold seamlessly into our portfolio, and we will not wait to begin working with the implausible individuals who have made Tahoe Joe’s what it’s at the moment, and to get the model on a rejuvenated path to development,” mentioned Crivello.
Marking the model’s second acquisition this yr, Crivello says “BBQ Holdings is on a steep trajectory. We proceed to execute our three pillars of development. First, filling latent capability in our present eating places with ghost kitchens, digital manufacturers, and twin ideas. Second, natural new restaurant models, and third, accretive and strategic M&A.”
With Tahoe Joe’s roots in BBQ, their Well-known pellet broiled steaks and chops are an ideal match for the Well-known Dave’s menu.
The transaction additionally contains the IP of Residence City Buffet, Ryans, Furr’s Recent Buffet, and Outdated Nation Buffet. The corporate has no speedy plans to reopen the buffet manufacturers.
About BBQ Holdings
BBQ Holdings, Inc. (NASDAQ: BBQ) BBQ Holdings is a nationwide restaurant firm engaged within the possession and operation of informal and quick eating eating places. As of August 13, 2021, BBQ Holdings had six manufacturers with 299 areas in three international locations, together with 85 Firm owned areas and 214 franchised areas. Along with these areas, the Firm opened eight Firm-owned Well-known Dave’s ghost kitchens working inside its Granite Metropolis areas, and 17 Well-known Dave’s franchisee ghost kitchens working out of the kitchen of one other restaurant location or a shared kitchen house. Whereas BBQ Holdings continues to diversify its possession within the restaurant group, it was based with the precept of mixing the “artwork and science” of barbecue to serve up the perfect of the most effective to barbecue lovers in every single place. BBQ Holdings, via partnerships, has prolonged Travis Clark’s award-winning line of barbecue sauces, rubs and seasonings into the retail market. Granite Metropolis Meals and Brewery, gives award successful craft beer and a made-from-scratch, chef pushed menu that includes up to date American delicacies. Village Inn and Bakers Sq. add a legendary Household Eating factor to BBQ Holdings.
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SOURCE BBQ Holdings