BT Brands acquires Pie in the Sky Coffee and Bakery assets for $1.15M

BT Brands, Inc.

Aggregate purchase price of $1,150,000 for substantially all assets, including tradename.
Five-year triple-net lease with seller; initial rent $10k/month increasing to approx $11k/month; three 5-year renewal options.
CEO: acquisition nearly doubles 2021 sales; second deal since Nov 2021 IPO.
Company holds over $10M cash to pursue additional acquisitions.
Pie in the Sky operates in Woods Hole, MA, serving ferry travelers since 1982.

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