Granite City Food & Brewery Ltd. (OTC Pink: GCFB) today announced that it has closed four locations in the Midwest region, effective October 31, 2017. The four closed locations are Granite City in East Wichita, Kansas, Granite City in West Wichita, Kansas, Granite City in Madison, Wisconsin, and Cadillac Ranch/Bartini in Indianapolis, Indiana.
“Given the lease structure of each location along with their individual business performance, we weighed numerous options for keeping these locations operational before arriving at this decision,” said Dick Lynch, CEO of Granite City. “Ultimately, we feel these closures represent the most prudent fiscal option for our company and are in line with our vision for the future of the company.”
About Granite City Food & Brewery Granite City Food & Brewery operates two casual dining concepts – 32 Granite City Food & Brewery restaurants across 12 states and 4 Cadillac Ranch All American Bar & Grill restaurants in 4 states. Granite City features scratch kitchens and a patented brewing process allowing each location to brew and serve fine and fresh handcrafted beer. Cadillac Ranch offers country-themed food, music and fun in a country casual atmosphere. Additional information about Granite City Food & Brewery can be found at www.gcfb.com. Follow Granite City Food & Brewery on Facebook, Twitter and Instagram.
Coltrin & Associates, Inc.
Frank Garcia, (212) 221-1616