---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-001235"
form_type: "8-K"
ticker: "BTBD"
cik: "0001718224"
company_name: "BT Brands, Inc."
filed_at: "2022-03-08T23:59:59+00:00"
generated_at: "2026-06-27T00:49:30.510606+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BT Brands acquires Keegan's Seafood Grille assets for $1.15M; enters 11-year lease

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-22-001235
- form_type: 8-K
- ticker: BTBD
- cik: 0001718224
- company_name: BT Brands, Inc.
- filed_at: 2022-03-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718224/000147793222001235/0001477932-22-001235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718224/000147793222001235/btbd_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-001235
- JSON: https://secwatch.observer/filing/0001477932-22-001235.json
- Plain text: https://secwatch.observer/filing/0001477932-22-001235.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.