BT Brands, Inc. (NasdaqCM:BTBD) agreed to acquire Substantially All of the Assets of Keegan Seafood Grille, Inc. for $1.1 million on January 7, 2022. BT Brands will acquire the assets for an aggregate purchase price of $1,150,000 of which $25,000 will be paid upon acceptance of the offer by the seller and the rest paid at closing. As part of the purchase, the company acquired the “Keegan's Seafood Grille” tradename, and BT Brands plan to continue to operate the property under the Keegan's Seafood Grille name. Benjamin C. Stidham of The Stidham Law Firm, LLC acted as the transaction closing attorney and escrow agent. Gerald D. Mason of Eisenband Business Brokerage Inc. acted as broker in the deal.

BT Brands, Inc. (NasdaqCM : BTBD) completed the acquisition of Substantially All of the Assets of Keegan Seafood Grille, Inc. on March 2, 2022. For the year ended December 31, 2021, Keegan Seafood Grille reported total assets of $414,914; total revenue of $3,370,740; and net income of $916,730.