Restaurant News Resource - Granite City Food and Brewery Restaurant Industry News

Granite City Food & Brewery Ltd. (NASDAQ:GCFB) recently announced that it has completed the purchase of the assets of five Cadillac Ranch All American Bar & Grill restaurants, in Bloomington, Minnesota; Miami, Florida; Oxon Hill, Maryland; Annapolis, Maryland; and Indianapolis, Indiana, for an aggregate purchase price of approximately $6.2 million.

Granite City Food & Brewery Ltd. (NASDAQ:GCFB) announced today that it has entered into an asset purchase agreement for the purchase of the assets of the Cadillac Ranch All American Bar & Grill restaurant in Pittsburgh, Pennsylvania for $900,000.

Granite City Food & Brewery Ltd. (Nasdaq: GCFB) announced that it has completed the purchase of the assets of three additional Cadillac Ranch All American Bar & Grill restaurants, in Oxon Hill, Maryland; Annapolis, Maryland; and Indianapolis, Indiana, for an aggregate purchase price of approximately $3.3 million.

Granite City Food & Brewery Ltd. (Nasdaq:GCFB) announced today that on November 14, 2011 it received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market notifying the Company that it is not in compliance with the continued listing rules of the Nasdaq Capital Market.

Capacity Increases, Private Dining room Additions, and Seating Enhancements in Select Restaurants to be Complete for the Holiday Season

Granite City Food & Brewery Ltd. (Nasdaq: GCFB) is bringing its recipe for success to Detroit with the announcement that it is building a new Granite City Food & Brewery® in Troy, Michigan. The new restaurant, one of 27 in the chain, features a contemporary upscale design that will serve as an enhanced prototype for future restaurants.

Granite City Food & Brewery Slated to Occupy Space on Concourse A

Granite City Food & Brewery Ltd. (NASDAQ: GCFB) today announced that it has entered into two agreements: a definitive stock purchase agreement with Concept Development Partners LLC to provide preferred equity financing; and a definitive stock repurchase agreement with DHW Leasing, L.L.C., the Company’s major shareholder, to repurchase certain outstanding common equity.

Company Outperforms Industry with 3.9% Positive Comps for Sales and 5.0% Increase in Guest Counts Through First Nine Months of 2010

Company Outperforms Industry with Positive Comps for Sales and Guest Counts; Adjusted EBITDA at $1.5 million for the First Quarter 2010