Granite City Food & Brewery (GCFB) Acquires Assets of Miami-Based Cadillac Ranch Restaurant
Today, Granite City Food & Brewery Ltd. announced that it completed the purchase of assets belonging to the Cadillac Ranch All American Bar & Grill restaurant in Miami, Florida. The Miami restaurant is located in the Palms Town & Country Mall. Granite City previously announced that it purchased the assets of the Cadillac Ranch restaurant at the Mall of America in Bloomington, Minnesota. To date, the aggregate purchase price totals $2.8 million, including the $1.4 million paid in November 2011 for the assets at the Mall of America. The companies have a master asset purchase agreement that allows for the…