According to an SEC filing, BBQ Holdings will buy Village Inn and Bakers Square from owner VIBSQ for $13.5 million.
Village Inn currently has 21 company-owned units and 114 franchised restaurants. 13-unit Bakers Square will become a wholly owned subsidiary of BBQ Holdings. The deal is expected to close by the end of July 2021.
“We believe the Village Inn and Bakers Square concepts are a great complement to our growing portfolio of restaurants,” BBQ Holdings CEO Jeff Crivello said in a press release. “Adding them to our family of brands will only strengthen our company as a whole.”