BT Brands, Inc. reported a net loss of $687,839 for the fiscal year ending December 28, 2025, a significant improvement from a loss of $2.3 million in the previous year. The company's total revenue for the year was $13.5 million, down 7.5% from $14.8 million in fiscal 2024. This decline was attributed to the closure of the Village Bier Garten restaurant, which had contributed approximately $1.3 million in sales during the prior year. The average customer transaction at Burger Time locations remained stable at approximately $14.50, while comparable restaurant sales for Burger Time locations open for the full year decreased by 3.9%.

In terms of operational changes, BT Brands has been actively restructuring its business model. The company closed the Village Bier Garten in January 2025 and ceased operations at a Burger Time location in Minot, North Dakota, in July 2025. However, the acquisition of Schnitzel Haus in May 2024 added approximately $1.5 million in sales for fiscal 2025. The company also reported a decrease in restaurant operating costs as a percentage of sales, from 95.1% in 2024 to 87.2% in 2025, primarily due to improved margins and the closure of less profitable locations.

Strategically, BT Brands is pursuing a significant business combination with Aero Velocity Inc., a private company specializing in unmanned aerial vehicles. This merger, announced in September 2025, is expected to result in a spin-off of BT Brands' restaurant operations into a new entity, BT Group, Inc. If completed, the merger will fundamentally shift the company's focus from the restaurant sector to aerospace, with Aero shareholders expected to control approximately 89% of the merged entity. The transaction is subject to various approvals and conditions, and there is no guarantee it will be completed as planned.

As of December 28, 2025, BT Brands operated nine restaurants and held a 40.7% interest in Bagger Dave’s Burger Tavern, which operates five additional locations. The company reported a total of 179 employees across its operations, with a focus on enhancing operational efficiencies and brand awareness. The company’s liquidity position improved, with cash and marketable securities totaling $4.4 million, up from $4.3 million in the previous year. However, the company continues to face challenges related to labor shortages, inflation, and competitive pressures in the restaurant industry.

Looking ahead, BT Brands aims to leverage its centralized management structure to drive efficiencies and explore growth opportunities beyond the food service sector. The company plans to continue evaluating potential acquisitions and operational improvements while navigating the uncertainties associated with the proposed merger and spin-off. The management remains cautious about the impact of economic conditions, consumer preferences, and regulatory changes on its future performance.

About BT Brands, Inc.

BT Brands, Inc. owns and operates a portfolio of quick-service, fast casual, and casual dining restaurants primarily in the eastern two-thirds of the U.S. Its key brands include Burger Time, Bagger Dave’s Burger Tavern, Keegan’s Seafood Grille, Pie In The Sky Coffee and Bakery, and Schnitzel Haus. The company focuses on acquiring established restaurant concepts, leveraging centralized management to optimize operations, increase sales, and enhance brand awareness across diverse markets.

This description was generated via AI from an annual report. Updated 8 months ago.

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