14Suppliers
17Customers
2Debt Items
2Related Chains

Source-Backed Evidence Depth

BT Brands, Inc. (BTBD) is shown with relationship data already present in ChainSifter's database. Counts below come from stored supply-chain records and filing/source URLs where available; missing source URLs are not filled in or estimated.

33Total relationships
2Distinct source URLs
20High confidence
0.767Average confidence
2026-07-01Latest database update
ChainSifter does not infer unreported suppliers, customers, ownership, acquisitions, debt exposure, revenue dependency, or future supply-chain events on this public page.

BT Brands, Inc. Suppliers

TickerNameConfidenceEvidence
MAXIM-GROUP-LLC MAXIM-GROUP-LLC 92% The Company may sell shares of its common stock, par value $ 0.002 per share, from time to time through an “at-the-market” offering program, with Maxim acting as sales agent.
AERO-VELOCITY-INC AERO-VELOCITY-INC 90% Attached as Exhibit 99.1 hereto is a press release issued by Aero announcing that it has entered into a strategic partnership with AC Future, Inc.
BAGGER-DAVE-S-BURGER-TAVERN-INC BAGGER-DAVE-S-BURGER-TAVERN-INC 90% Officers of BT Brands, Inc. also serve as officers and directors of Bagger Dave’s. BT Brands owns approximately 40.7% of the outstanding shares of Bagger Dave’s.
BTND BTND 90% In July 2024, BTND changed its primary supplier relationship. For the year ended December 28, 2025, approximately 38.7 % of our food and paper cost of goods sold was attributable to product purchases…
BDVB BDVB 85% The Company’s proportionate 40.7 % share of BDVB’s net loss for the period was $ 386,559 , of which $ 304,439 was recognized as equity in loss of unconsolidated affiliate in the Company’s consolidate…
AC-FUTURE-INC AC-FUTURE-INC 80% Attached as Exhibit 99.1 hereto is a press release issued by Aero announcing that it has entered into a strategic partnership with AC Future, Inc.
BT-GROUP-INC BT-GROUP-INC 80% The Merger Agreement contemplates a spin-off of shares of a newly formed subsidiary, BT Group, Inc., to BT Brands shareholders.
PIE-BAKERY PIE-BAKERY 80% The Company entered into a lease for approximately 3,500 square feet of restaurant and bakery production space. The lease has an initial term of 60 months and provides for an initial base rent of $ 1…
SCHNITZEL-HAUS SCHNITZEL-HAUS 80% In May 2025, in connection with the acquisition of Schnitzel Haus, the Company assumed the remaining 44 months of the restaurant’s approximately 4,200 -square-foot lease, with a monthly base rent of …
VILLAGE-BIER-GARTEN VILLAGE-BIER-GARTEN 80% The Company’s acquisition of Village Bier Garten assets in 2023 included a 60 -month triple-net lease for approximately 3,000 square feet of restaurant space.
VILLAGE-BIER-GARTEN-LANDLORD VILLAGE-BIER-GARTEN-LANDLORD 80% In November 2025, the landlord issued a notice of default asserting nonpayment of rent beginning in August 2025.
BURGER-TIME BURGER-TIME 70% The Company closed its Burger Time restaurant location in Minot, North Dakota, in July 2025. On September 9, 2025, the Company entered into a ground lease agreement with a third party related to the …
KEEGAN-S KEEGAN-S 70% Keegan’s has operated in Indian Rocks Beach, Florida, for more than 35 years and offers a variety of fresh seafood for lunch and dinner, along with beer and wine.
BLAKE-COPPERUD BLAKE-COPPERUD 60% Blake Copperud, son of the Company’s Chief Executive Officer, is employed by the Company as a full-time Operations Specialist.

BT Brands, Inc. Customers

TickerNameConfidenceEvidence
AERO-VELOCITY-INC AERO-VELOCITY-INC 90% BT Brands entered into an Agreement and Plan of Merger with Aero Merger Sub Inc., a Delaware corporation, and a direct, wholly owned subsidiary of BT Brands and Aero Velocity Inc.
BTND BTND 90% In July 2024, BTND changed its primary supplier relationship. For the year ended December 28, 2025, approximately 38.7 % of our food and paper cost of goods sold was attributable to product purchases…
BAGGER-DAVE-S-BURGER-TAVERN-INC BAGGER-DAVE-S-BURGER-TAVERN-INC 80% BT Brands owns approximately 40.7% of the outstanding shares of Bagger Dave’s.
BT-GROUP-INC BT-GROUP-INC 80% The Merger Agreement contemplates a spin-off of shares of a newly formed subsidiary, BT Group, Inc., to BT Brands shareholders.
PIE-BAKERY PIE-BAKERY 80% The Company entered into a lease for approximately 3,500 square feet of restaurant and bakery production space. The lease has an initial term of 60 months and provides for an initial base rent of $ 1…
SCHNITZEL-HAUS SCHNITZEL-HAUS 80% In May 2025, in connection with the acquisition of Schnitzel Haus, the Company assumed the remaining 44 months of the restaurant’s approximately 4,200 -square-foot lease, with a monthly base rent of …
VILLAGE-BIER-GARTEN VILLAGE-BIER-GARTEN 80% The Company’s acquisition of Village Bier Garten assets in 2023 included a 60 -month triple-net lease for approximately 3,000 square feet of restaurant space.
BDVB BDVB 70% The Company’s proportionate 40.7 % share of BDVB’s net loss for the period was $ 386,559 , of which $ 304,439 was recognized as equity in loss of unconsolidated affiliate in the Company’s consolidate…
BURGER-TIME BURGER-TIME 70% The Company closed its Burger Time restaurant location in Minot, North Dakota, in July 2025. On September 9, 2025, the Company entered into a ground lease agreement with a third party related to the …
KEEGAN-S KEEGAN-S 70% Keegan’s has operated in Indian Rocks Beach, Florida, for more than 35 years and offers a variety of fresh seafood for lunch and dinner, along with beer and wine.
ADVISOR-MAXIM-GROUP ADVISOR-MAXIM-GROUP 62% n was approximately $ 128,000 , including land and equipment, with certain equipment relocated to other Burger Time units. We also own and operate Keegan’s Seafood Grille (“Keegan’s”), a dine-in rest…
AERO-MERGER-SUB-INC AERO-MERGER-SUB-INC 62% n was approximately $ 128,000 , including land and equipment, with certain equipment relocated to other Burger Time units. We also own and operate Keegan’s Seafood Grille (“Keegan’s”), a dine-in rest…
BT-GROUP BT-GROUP 62% n was approximately $ 128,000 , including land and equipment, with certain equipment relocated to other Burger Time units. We also own and operate Keegan’s Seafood Grille (“Keegan’s”), a dine-in rest…
BTNDDQ-LLC BTNDDQ-LLC 62% n, into newly authorized Series B Convertible Preferred of the Company. Additional information regarding the proposed transaction can be found at the BT Brands filings on Forms 8-K and S-4 at SEC.GOV…
BURGER-TAVERN-INC BURGER-TAVERN-INC 62% Dave’s Burger Tavern, Inc. BT Brands owns approximately 40.7% of the outstanding shares of Bagger Dave’s. The investment is accounted for on the equity method. The BT Brands Officers received no comp…
NGI-CORPORATION NGI-CORPORATION 62% n, into newly authorized Series B Convertible Preferred of the Company. Additional information regarding the proposed transaction can be found at the BT Brands filings on Forms 8-K and S-4 at SEC.GOV…
STREET-LLC STREET-LLC 62% n, into newly authorized Series B Convertible Preferred of the Company. Additional information regarding the proposed transaction can be found at the BT Brands filings on Forms 8-K and S-4 at SEC.GOV…

BT Brands, Inc. Debt Obligations

InstrumentDescriptionConfidenceEvidence
BTBD-DEBT-8392 Warrants outstanding: 1.65 90% xbrl warrant detail from xbrl 2024-12-29.
BTBD-DEBT Debt stack $3.7M 90% Market cache reports total debt of $3.7M.

BT Brands, Inc. Acquisitions

No acquisitions on recordNo completed or pending acquisitions found in our database for BT Brands, Inc..

BT Brands, Inc. Ownership

No ownership data on recordNo major institutional ownership relationships found in our database for BT Brands, Inc..

BT Brands, Inc. Extended Supply Chain Network

TickerNameChain IndexHopsRelationship Types
BTND BTND 60.75 1 ['receiving']
BDVB BDVB 36.75 1 ['receiving']
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BTBD
Unlock BTBD Supply Chain Data
Verified relationships include:
MAXIM-GROUP-LLCMAXIM-GROUP-LLCSupplier92%
AERO-VELOCITY-INCAERO-VELOCITY-INCSupplier90%
AERO-VELOCITY-INCAERO-VELOCITY-INCCustomer90%
BTNDBTNDCustomer90%
+29 more relationships locked
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