BBQ Holdings acquires the family-concept restaurant Village Inn and the pie and comfort concept restaurant Bakers Square, with a combined portfolio of 147 franchise and company-owned stores.
The multi-brand restaurant company behind Granite City Food & Brewery and Famous Dave’s has acquired Baker’s Square and Village Inn for an estimated $13.5m. While Baker’s Square owns 12 locations itself, Village Inn owns 21 locations and a further 115 franchised locations across 18 states, nationwide.
“I am elated to welcome the Village Inn and Baker’s Square teams into the family,” said Jeff Crivello, BBQ Holdings’ CEO. “Village Inn and Bakers Square are wonderful additions that will only strengthen our portfolio of restaurants and support center teams.”
“Today marks the end of an amazing journey and the beginning of an exciting new chapter for these great brands,” said VIBSQ, LLC CEO Craig Barber. “I am proud of everything our leadership and operational teams have accomplished over the last three years to build on the legacy of these fantastic concepts and, in turn, make them valuable acquisition targets. The strong foundation we’ve built will allow BBQ Holdings to take Village Inn and Bakers Square to new heights, and I look forward to seeing that happen. We all wish BBQ Holdings and the team at Village Inn & Bakers Square the very best in the days ahead.”
Village Inn was founded in 1958 and Baker’s Square has been in operation since 1969.