- CEO
- Gary W. Copperud
- Full Time Employees
- 51
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Address
- 405 Main Avenue West West Fargo ND United States of America 58078
- IPO Date
- Nov 12, 2021
- Business
- BT Brands, Inc. owns and operates quick-service restaurants primarily in the north central United States, featuring Burger Time fast-food outlets that serve 100% pure beef burgers, chicken sandwiches, pulled pork sandwiches, chicken tenders, chicken chunks, street tacos, sides including cheese curds and funnel fries, soft drinks, milk shakes, apple pie, and other desserts; a Dairy Queen franchise offering burgers, chicken, sides, ice cream, desserts, and beverages; Keegan's Seafood Grille in Indian Rocks Beach, Florida; Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts; and Village Bier Garten, a German-themed restaurant, bar, and entertainment venue in Cocoa, Florida. The company also holds a partial ownership stake in Bagger Dave's Burger Tavern, Inc., an affiliate operating fast-casual restaurants serving burgers, pizzas, fries, beers, milkshakes, salads, and related items in Michigan, Ohio, and Indiana. BT Brands, Inc., founded in 1987 and headquartered in West Fargo, North Dakota, employs approximately 180 people and targets consumers seeking affordable, quick-service dining options across these regions.
In September 2025, BT Brands executed a definitive merger agreement with Aero Velocity, Inc., under which a wholly-owned subsidiary merges with Aero Velocity, positioning the latter as a wholly-owned subsidiary and shifting strategic focus toward drone technologies, AI-powered solutions, and contract drone manufacturing for government and commercial clients, with Aero Velocity shareholders expected to own about 89% of the combined entity on a fully diluted basis. This all-stock transaction, unanimously approved by both boards, includes an equity investment of $3 million to $5 million from Aero Velocity shareholders and follows BT Brands' exploration of strategic alternatives amid restaurant segment losses. Concurrently, the company's affiliate Bagger Dave's Burger Tavern negotiates divestiture of five of its six sites, anticipated to close in the third quarter of 2025 to enable repositioning for future growth, while BT Brands increased its at-the-market offering capacity to $3.57 million in November 2025 to support ongoing operations.