Good Times Restaurants Inc., through its subsidiaries, engages in the restaurant business in the United States.
The company operates through its wholly owned subsidiaries: Good Times Drive Thru, Inc. (Drive Thru); BD of Colorado, LLC (BDCO); Bad Daddy's Franchise Development, LLC (BDFD); and Bad Daddy's International, LLC (BDI).
The company acquired the non-controlling interests in subsidiaries owning Bad Daddy's restaurants during the year ended September 26, 2023 (fiscal 2023). The company a...
Good Times Restaurants Inc., through its subsidiaries, engages in the restaurant business in the United States.
The company operates through its wholly owned subsidiaries: Good Times Drive Thru, Inc. (Drive Thru); BD of Colorado, LLC (BDCO); Bad Daddy's Franchise Development, LLC (BDFD); and Bad Daddy's International, LLC (BDI).
The company acquired the non-controlling interests in subsidiaries owning Bad Daddy's restaurants during the year ended September 26, 2023 (fiscal 2023). The company acquired previously franchised Good Times restaurants near the end of fiscal 2023.
Segments
The company operates through two segments, Good Times Burgers and Frozen Custard restaurants (Good Times) and Bad Daddy's Burger Bar restaurants (Bad Daddy's).
Good Times Burgers and Frozen Custard Restaurants
Good Times operates in the quick-service restaurant segment as a drive-thru concept focused on all-natural burgers, fries, and frozen custard.
The company owns and operates, or franchises Good Times restaurants in Colorado; and 'dual brand' concept restaurants in Wyoming operated by a franchisee of both Good Times and Taco John's.
Good Times is a drive-thru, quick-service hamburger-focused restaurant concept offering fresh, 100% all-natural beef and chicken. The company owns and operates Good Times restaurants, and franchises additional restaurants, located primarily in the Denver market and along the front range of Colorado.
The company's all-natural frozen custard is made fresh throughout the day. With menu innovation, the company strives to create flavor profiles unique to Good Times. The company has rotating limited time menu items and custard flavors. Good Times makes use of various media but primarily communicates promotions through the use of terrestrial radio and digital audio streaming.
Most of the company's restaurants have no indoor seating and consist of drive-thru lane and outdoor patio seating, though about one-fourth of its-owned restaurants have small indoor dining areas.
Bad Daddy's Burger Bar Restaurants
The company operates company-owned Bad Daddy's restaurants, including restaurants that were previously owned by subsidiaries with third parties. The company acquired the non-controlling interests in those subsidiaries during January 2023. It also licenses restaurant in North Carolina.
Through its wholly owned subsidiaries, as of December 14, 2023, the company owned and operated, or licensed Bad Daddy's restaurants in seven states. The company owns and operates Bad Daddy's restaurants in North Carolina, Colorado, Georgia, South Carolina, Alabama, Tennessee, and Oklahoma. The company licenses the Bad Daddy's brand to a third-party licensee who owns and operates the Bad Daddy's restaurant located in the Charlotte Douglas International Airport.
Bad Daddy's Burger Bar is a full-service, casual dining small box better burger concept. Bad Daddy's operates all of its company-owned restaurants under a table service / full bar service model.
The company offers the same customization on its off-premises ordering platforms as it offers in-restaurant; where allowable by state or local regulation, the company also provides its alcoholic beverages in an off-premises format for those customers who are ordering their meal for carryout or delivery; and it offers the same level of hospitality to its carry-out guests and tightly manage its delivery service providers to a similar expectation of over-the-top service.
A typical Bad Daddy's restaurant is approximately 3,500-4,000 square feet with an enclosed patio, smaller than most other chain casual dining restaurants.
Strategy
The key elements of the company's strategy are to continue to focus on increasing its same-store sales; focus on managing its expenses in the operation of its restaurants; and pursue disciplined unit growth of company-operated Bad Daddy's Burger Bar restaurants.
Suppliers
The company purchases 100% of the food and paper supplies for its Good Times restaurants and the majority of the food and paper supplies for its Bad Daddy's restaurants from US Foods.
Intellectual Property
The company has registered its marks Bad Daddy's Burger Bar and Good Times with the United States Patent and Trademark Office. The company received approval of its federal registration of Bad Daddy's Burger Bar in 2011 and Good Times in 2003. Additionally, it owns trademarks or service marks that have been registered with the United States Patent and Trademark Office, including but not limited to, Bad Daddy's Burger Bar EST. 2007, Big Daddy Bacon Cheeseburger, Spoonbender, and Happiness Made To Order. The registration for the company's Bad Daddy's Burger Bar mark will be renewed prior to September 2031. The registration for its Good Times marks will be renewed prior to December 2023 and March 2032 respectively.
Competition
The company's competitors in the quick-service restaurant segment include many recognized national and regional fast-food hamburger restaurant chains, such as McDonald's, Burger King, Wendy's, Carl's Jr., Sonic, Jack in the Box, Freddy's, and Culver's.
Government Regulation
The company is subject to the Fair Labor Standards Act, which governs such matters as minimum wages, overtime, and other working conditions. In addition, the company is subject to the Americans with Disabilities Act, which requires restaurants and other facilities open to the public to provide for access and use of facilities by the handicapped.
The company is subject to the Affordable Care Act, which requires it to have the required health insurance benefits for eligible employees.
History
Good Times Restaurants Inc., a Nevada corporation, was founded in 1987. The company was incorporated in 1987.
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