M&A
confidence high
sentiment positive
materiality 0.75
BT Brands acquires Keegan's Seafood Grille assets for $1.15M; enters 11-year lease
BT Brands, Inc.
- Acquired substantially all assets of Keegan's Seafood Grille in Indian Rocks Beach, FL for $1,150,000.
- Lease for 132 months (11 years) at $5,000/month initial rent with annual CPI or 3% escalator.
- Will continue restaurant under Keegan's Seafood Grille name; serves Clearwater/St. Petersburg markets.
- CEO Gary Copperud says deal expected to exceed target returns; first acquisition since November 2021 IPO.