MINNETONKA, Minn., Oct. 6, 2021 /PRNewswire/ -- BBQ Holdings,
Inc., the multi-brand restaurant company behind fan-favorite
restaurant concepts such as Famous Dave's, Granite City Food and
Brewery and most recently Village Inn and Bakers Square, is adding
yet another brand to its portfolio with the acquisition of
Tahoe Joe's, the five-unit Central
Valley, California-based
steakhouse chain. The deal is set to close on Friday, October 8th and marks the second
acquisition for the brand this year. The 26-year-old legacy brand
Tahoe Joe's is known for its famous
Lake Tahoe steaks, burgers, pork chops and railroad camp
shrimp.
According to Jeff Crivello, BBQ
Holdings' CEO, Tahoe Joe's will
complement the restaurant group's roster of brands seamlessly. "We
are thrilled to welcome Tahoe Joe's
into the BBQ Holdings Family. This well-loved brand will fold
seamlessly into our portfolio, and we can't wait to start working
with the fantastic people who have made Tahoe Joe's what it is today, and to get the
brand on a rejuvenated path to growth," said Crivello.
Marking the brand's second acquisition this year, Crivello says
"BBQ Holdings is on a steep trajectory. We continue to execute our
three pillars of growth. First, filling latent capacity in
our current restaurants with ghost kitchens, virtual brands, and
dual concepts. Second, organic new restaurant units, and
third, accretive and strategic M&A."
With Tahoe Joe's roots in BBQ,
their Famous pellet broiled steaks and chops are a perfect fit for
the Famous Dave's menu.
The transaction also includes the IP of Home Town Buffet, Ryans,
Furr's Fresh Buffet, and Old Country Buffet. The company has
no immediate plans to reopen the buffet brands.
About BBQ Holdings
BBQ Holdings, Inc. (NASDAQ: BBQ)
BBQ Holdings is a national restaurant company engaged in the
ownership and operation of casual and fast dining restaurants. As
of August 13, 2021, BBQ Holdings had
six brands with 299 locations in three countries, including
85 Company owned locations and 214 franchised locations. In
addition to these locations, the Company opened eight Company-owned
Famous Dave's ghost kitchens operating within its Granite City
locations, and 17 Famous Dave's franchisee ghost kitchens operating
out of the kitchen of another restaurant location or a shared
kitchen space. While BBQ Holdings continues to diversify its
ownership in the restaurant community, it was founded with the
principle of combining the "art and science" of barbecue to serve
up the very best of the best to barbecue lovers everywhere. BBQ
Holdings, through partnerships, has extended Travis Clark's award-winning line of barbecue
sauces, rubs and seasonings into the retail market. Granite City
Food and Brewery, offers award winning craft beer and a
made-from-scratch, chef driven menu featuring contemporary American
cuisine. Village Inn and Bakers Square add a legendary Family
Dining element to BBQ Holdings.
MEDIA CONTACT:
Julie
Green
Mainland
312.526.3996
jgreen@hellomainland.com
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SOURCE BBQ Holdings