The business was established in 1956, and Ed and Cathy Daugherty, longtime Monett residents and Monett High School graduates, purchased the business from Ed and Janyce Dawson in 1995, making the Daughertys the third owners.
The Dairy Queen has been sold to the Grimes Family Partnership, of Arkansas, via CBI-Sunbelt, a business brokerage firm.
According to former owner Ed Daugherty and Bill Grimes, the sale is final.
"This company is a good bunch of folks," said Ed. "They have the expertise that is needed to run the business, and I feel like they are the perfect buyers."
The entire time that the Daughertys have owned the Dairy Queen, they have also worked other jobs.
"When we purchased the Dairy Queen, our three children were ages 5, 7 and 9," said Ed. "We worked seven days a week, 12 hours a day. The world has changed a lot, and franchise requirements are different now. We are at the point where we need to spend more time with each other and more family time.
"We are ready for it," continued Ed. "It is just time, and this family has what it takes. Dairy Queen was good to us. We value the relationships we formed with the employees and the chance to be a positive influence in their lives. The teamwork and effort was many times beyond the call of duty."
The purchasing company is a brother and sister team. Bryan Burns, nephew to the Grimes, has purchased a home in Monett and will be the Grimes Family DQ, LLC manager. A Grimes family member works for CBI-Sunbelt, and according to Bill Grimes, the Dairy Queen of Monett "found us."
The purchasing process began in February and was finalized on Sept. 2.
"There will be some changes," said Grimes. "Probably one of the first improvements we will make is replacing the cooking equipment to speed up the drive-through process with some new construction.
"We have to take care of our customers, and the growth is based on good customer service," added Grimes.
The Grimes family has extensive food service background. According to Grimes, the family is impressed with the opportunity in Monett and plans to convert the food side of the business to the Dairy Queen's system, upgrade the facility and mode of operations and hire additional staff as the business grows. The current staff will stay as it is.
"We are thrilled with the welcome we have received from the city and the customers," said Grimes.