BT Brands Sells Bagger Dave's Location for $400,000 Cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
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Source: Newsfilter
- Strategic Exit Plan: BT Brands' 40.7%-owned affiliate, Bagger Dave's, successfully sold its Chesterfield, Michigan location for approximately $400,000 in cash and notes, marking a significant step in the company's plan to exit the restaurant business and create value for all shareholders.
- Future Direction: In August 2025, Bagger Dave's announced its intention to sell remaining locations and evaluate strategic alternatives, indicating the company's proactive approach to restructuring its business in response to market changes, which is expected to enhance overall operational efficiency.
- Buyer Background: The buyer is an affiliate of Michigan-based Sidecar Slider Bar, which currently operates eight locations in Michigan and plans to open a new outlet at the Chesterfield site, further strengthening market competitiveness in the region.
- Merger Plan Progress: BT Brands has also announced plans to merge with emerging drone industry leader Aero Velocity in 2026, while effectuating a spin-off of its assets and liabilities into a newly formed public company, demonstrating the company's strategic intent in diversifying its business operations.
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About BTBD
BT Brands, Inc. operates fast-food and casual dining restaurants, including Burger Time locations in North Dakota, South Dakota, and Minnesota; Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts; Keegan’s Seafood Grille near Clearwater, Florida, and Schnitzel Haus in Hobe Sound, Florida. The Company also owns a 40.7% interest in Bagger Dave’s Burger Tavern, Inc. It owns and operates Keegan’s Seafood Grille (Keegan’s), a dine-in restaurant; Pie In The Sky Coffee and Bakery (PIE), a casual dining coffee shop bakery, and Schnitzel Haus (Schnitzel), a German-themed restaurant. Its Burger Time restaurants offer a variety of burgers and other foods, sides, and soft drinks. Keegan’s Seafood Grille offers a variety of traditional fresh seafood items for lunch and dinner. PIE features an array of freshly prepared baked goods, sandwiches, and its locally roasted coffee. Schnitzel is a full-service restaurant and bar featuring a German-themed menu and specialty imported European beers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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BT Brands Sells Bagger Dave's Location for $400,000 Cash
- Strategic Exit Plan: BT Brands' 40.7%-owned affiliate, Bagger Dave's, successfully sold its Chesterfield, Michigan location for approximately $400,000 in cash and notes, marking a significant step in the company's plan to exit the restaurant business and create value for all shareholders.
- Future Direction: In August 2025, Bagger Dave's announced its intention to sell remaining locations and evaluate strategic alternatives, indicating the company's proactive approach to restructuring its business in response to market changes, which is expected to enhance overall operational efficiency.
- Buyer Background: The buyer is an affiliate of Michigan-based Sidecar Slider Bar, which currently operates eight locations in Michigan and plans to open a new outlet at the Chesterfield site, further strengthening market competitiveness in the region.
- Merger Plan Progress: BT Brands has also announced plans to merge with emerging drone industry leader Aero Velocity in 2026, while effectuating a spin-off of its assets and liabilities into a newly formed public company, demonstrating the company's strategic intent in diversifying its business operations.
Continue Reading