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SUBSEQUENT EVENTS
6 Months Ended
Jul. 04, 2021
Subsequent Events  
Subsequent Events

(15) Subsequent Events

On July 12, 2021, the Company completed of the acquisition of the assets and certain liabilities of four Famous Dave’s restaurants, the combined purchase price of which was $1.1 million. Three of these restaurants are located in Tennessee and one is located in Kentucky.

On July 30, 2021, the Company closed on the Membership Interest Purchase Agreement (the “MIPA”) described in Note 11 Acquisitions. As a result of this transaction, the Company acquired 21 Village Inn restaurants and 13 Bakers Square restaurants. Additionally, the Company acquired the franchise rights to 114 Village Inn restaurants. The cash purchase price was approximately $13.0 million, subject to certain adjustments.