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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WvDJehARZfs9jd0uGiGeNEPCvbz72ZFWl4ggCkaY8mpxeBJI3NczFuTXdNCEhFBE
 vpv6l12SidkeU/psEIC6hg==

<SEC-DOCUMENT>0001494939-11-000001.txt : 20110215
<SEC-HEADER>0001494939-11-000001.hdr.sgml : 20110215
<ACCEPTANCE-DATETIME>20110215140606
ACCESSION NUMBER:		0001494939-11-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20110215
DATE AS OF CHANGE:		20110215
EFFECTIVENESS DATE:		20110215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRANITE CITY FOOD & BREWERY LTD
		CENTRAL INDEX KEY:			0001048620
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				411883639
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-155394
		FILM NUMBER:		11613599

	BUSINESS ADDRESS:	
		STREET 1:		5402 PARKDALE
		STREET 2:		SUITE 101
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55416
		BUSINESS PHONE:		952-215-0660

	MAIL ADDRESS:	
		STREET 1:		5402 PARKDALE
		STREET 2:		SUITE 101
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55416
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001048620</cik>
        <entityName>GRANITE CITY FOOD &amp; BREWERY LTD</entityName>
        <issuerAddress>
            <street1>5402 PARKDALE</street1>
            <street2>SUITE 101</street2>
            <city>MINNEAPOLIS</city>
            <stateOrCountry>MN</stateOrCountry>
            <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
            <zipCode>55416</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>952-215-0660</issuerPhoneNumber>
        <jurisdictionOfInc>MINNESOTA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>Founders Food &amp; Firkins Ltd.</previousName>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steven</firstName>
                <middleName>J.</middleName>
                <lastName>Wagenheim</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>G.</middleName>
                <lastName>Gilbertson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joel</firstName>
                <middleName>C.</middleName>
                <lastName>Longtin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Milton</firstName>
                <middleName>D.</middleName>
                <lastName>Avery</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brian</firstName>
                <middleName>K.</middleName>
                <lastName>Gramm</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Charles</firstName>
                <middleName>J.</middleName>
                <lastName>Hey</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>A.</middleName>
                <lastName>Timpe</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Donald</firstName>
                <middleName>A.</middleName>
                <lastName>Dunham</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Darius</firstName>
                <middleName>H.</middleName>
                <lastName>Gilanfar</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Monica</firstName>
                <middleName>A.</middleName>
                <lastName>Underwood</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>5402 Parkdale Drive</street1>
                <street2>Suite 101</street2>
                <city>Minneapolis</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>55416</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Restaurants</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$25,000,001 - $100,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2011-02-08</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>10080000</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>10080000</totalRemaining>
            <clarificationOfResponse>Per a stock purchase agmt, Issuer agreed to issue 3 Mil. shares of newly issued conv. pref. stock in return for a $9M investment by the investor, deliverable at closing, &amp; up to an estimated $1,080,000 paid in the form of common stock dividends thru 2013.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Does not include an estimated $350,000 payable to a registered broker-dealer as an advisory fee.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>9000000</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>For the establishment of a new credit facility to: 1) repurchase 3 M shares of its outstanding common stock held by DHW Leasing, which is controlled by Messrs. Dunham &amp; Hey, for $7,050,000 &amp; 2) purchase a 2 acre site in Troy, MI owned by Dunham for $2.5M</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>GRANITE CITY FOOD &amp; BREWERY LTD</issuerName>
                <signatureName>/s/ James G. Gilbertson</signatureName>
                <nameOfSigner>James G. Gilbertson</nameOfSigner>
                <signatureTitle>Chief Financial Officer</signatureTitle>
                <signatureDate>2011-02-15</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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