BT Brands, Inc. is a publicly traded beverage and hospitality company listed on NASDAQ, incorporated in Wyoming, with no specific operational financials disclosed.

# Company Summary: BT Brands, Inc.

**Business Overview:**  
BT Brands, Inc. is a publicly traded company listed on The NASDAQ Stock Market under the symbols **BTBD** (common stock) and **BTBDW** (warrants). The company is incorporated in Wyoming and its principal offices are located at 10501 Wayzata Blvd, Minnetonka, MN 55305. The company primarily engages in activities related to the beverage and hospitality industry, though specific operational details are not provided in the excerpt.

**Key Details:**  
- **Number of Employees:** Not specified in the provided document.  
- **Number of Customers:** Not specified in the provided document.  
- **Revenue and Income:** Not disclosed in the provided excerpt.  

**Financial and Share Information:**  
- **Shares Outstanding:** Approximately 6,154,724 shares as of December 29, 2024, after correcting a previously reported 6,461,724 shares (a correction of 606 shares).  
- **Treasury Shares:** 91,394 treasury shares were purchased in 2024, which were subtracted from total shares.  
- **Number of Shares Issued:** Corrected to 6,461,118 from the previously reported 6,461,724, reflecting an adjustment of 606 shares.  

**Other Notes:**  
- The company has filed annual reports and financial documents with the SEC and is classified as a smaller reporting company and an emerging growth company.  
- The amendment focuses on correcting typographical errors related to the presentation of treasury shares and the total number of shares issued and outstanding.

**Note:**  
No specific financial metrics such as revenue, net income, or detailed operational statistics are provided in this excerpt. The summary primarily covers corporate filings, share structure details, and procedural corrections.

BT Brands, Inc. is a diversified restaurant company operating multiple food service brands primarily in the eastern two-thirds of the United States.

# BT Brands, Inc. Overview

BT Brands, Inc. is a diversified restaurant company operating multiple food service brands primarily in the eastern two-thirds of the United States. The company's mission is to build value for its shareholders by acquiring and operating successful multi-unit restaurant concepts and properties.

## Business Operations

As of March 1, 2024, BT Brands operates 17 restaurants across various concepts:

1. **Burger Time**: 
   - **Number of Locations**: 7 
   - **Regions**: Minnesota, North Dakota, South Dakota
   - **Concept**: Quick-service restaurants featuring larger burgers (Bigger Burgers) and a limited menu focused on quality and speedy delivery. 
   - **Employment**: 86 employees (24 full-time, 62 part-time).

2. **Dairy Queen Franchise** (To be sold):
   - **Number of Locations**: 1 
   - **Region**: Ham Lake, Minnesota
   - **Employment**: Operated primarily by a General Manager and a team of hourly staff.
   - **Note**: The company plans to exit this business and has agreed to sell it as of October 17, 2023.

3. **Bagger Dave’s Burger Tavern**:
   - **Ownership**: 39.6% 
   - **Number of Locations**: 6 
   - **Regions**: Michigan, Ohio, Indiana
   - **Concept**: Casual dining with a focus on burgers, craft beers, and an inviting atmosphere.
   - **Total Employment**: 152 employees (22 salaried managers, 40 full-time, 130 part-time).

4. **Keegan’s Seafood Grille**:
   - **Acquisition Date**: March 2, 2022
   - **Number of Locations**: 1 
   - **Region**: Indian Rocks Beach, Florida
   - **Concept**: Family-friendly casual restaurant known for fresh seafood and local ingredients.
   - **Employment**: 36 employees (12 full-time, 24 part-time).

5. **Pie In The Sky Coffee and Bakery**:
   - **Acquisition Date**: May 11, 2022
   - **Number of Locations**: 1 
   - **Region**: Woods Hole, Massachusetts
   - **Concept**: Coffee shop and bakery offering breakfast and lunch items.
   - **Employment**: 34 employees (8 full-time, 26 part-time).

6. **Village Bier Garten**:
   - **Acquisition Date**: August 4, 2022
   - **Number of Locations**: 1 
   - **Region**: Cocoa, Florida
   - **Concept**: German-themed casual restaurant and bar with live entertainment.
   - **Employment**: 29 employees (7 full-time, 22 part-time).

## Financial Overview

- **Revenue**: Specific revenue figures for the company have not been disclosed in the given document.
- **Income**: Detailed income figures are not provided, but the reference to various financial obligations and revenues across segments signifies financial operations.

## Employment Statistics
- **Total Employees**: Approximately 188, comprising:
  - 54 full-time employees
  - 134 part-time employees

## Company Strategy

BT Brands positions itself to:
- Acquire restaurant concepts at attractive earnings multiples.
- Diversify operations to reduce risks associated with the performance of individual brands.
- Implement growth strategies through same-store sales increases and enhanced marketing efforts.

## Marketing

The company primarily invests in social media and direct database marketing, with anticipated growth in advertising efforts as it expands its restaurant base.

## Conclusion

BT Brands, Inc. operates a diverse portfolio of restaurant brands, focusing on quality food, customer service, and strategic acquisitions to drive future growth. As it continues to adapt to market demands, the company aims to enhance its brand awareness and operational efficiencies across its various concepts.

BT Brands, Inc.

10-K / May 1, 2025

10-K / April 1, 2024

10-K / May 1, 2025

Company Summary: BT Brands, Inc.