Good Time Design Company Profile

Background

Founded in 2006 by entrepreneur Ty Hauter, Good Time Design (GTD) is a comprehensive hospitality and entertainment group headquartered in San Diego, California, with a significant presence in Nashville, Tennessee. The company specializes in creating and managing a diverse array of venues, including restaurants, bars, and live music establishments. GTD's mission is to deliver unique and memorable experiences that blend culinary excellence with dynamic entertainment, thereby enriching the social fabric of the communities it serves. Over the years, GTD has played a pivotal role in revitalizing urban areas, notably contributing to the transformation of San Diego's East Village into a vibrant cultural hub.

Key Strategic Focus

Good Time Design's strategic focus centers on the development and operation of multifaceted hospitality venues that seamlessly integrate dining and live entertainment. The company's core objectives include:

Venue Development and Management: Establishing and operating a portfolio of distinctive venues that offer a combination of high-quality food, beverages, and live music.

Market Expansion: Extending its footprint beyond California by entering and establishing a strong presence in markets like Nashville, Tennessee, and exploring opportunities in Las Vegas, Nevada.

Cultural Integration: Embracing and promoting local music scenes, particularly country music, to create authentic and engaging experiences for patrons.

GTD's venues are renowned for their innovative design, thematic diversity, and commitment to showcasing emerging musical talents, thereby distinguishing the company within the competitive hospitality industry.

Financials and Funding

As of the latest available data, Good Time Design has raised a total of $340,000 in funding over two rounds. The company's estimated annual revenue is reported to be approximately $8.1 million, with a workforce of around 492 employees. These financial resources have been strategically allocated to support the expansion of GTD's venue portfolio, enhance operational capabilities, and invest in marketing initiatives to strengthen brand recognition in new and existing markets.

Pipeline Development

Good Time Design has an active pipeline of projects aimed at expanding its presence and diversifying its offerings:

Sidecar Bar: Opened in the Germantown neighborhood of Nashville in Summer 2024, this venue adds to GTD's growing Nashville portfolio.

Odie’s: Scheduled to open in Spring 2025 in Nashville's Midtown neighborhood, Odie’s is a collaborative bar and music venue developed in partnership with the award-winning country music band Old Dominion.

Las Vegas Expansion: Plans are underway for a large-scale music venue in Las Vegas, Nevada, marking GTD's entry into this dynamic market.

Additional Nashville Properties: The company is in the process of acquiring two more properties in Nashville, further solidifying its commitment to the city's vibrant entertainment scene.

These developments reflect GTD's strategic intent to broaden its geographic reach and enhance its portfolio with venues that offer unique and immersive experiences.

Technological Platform and Innovation

While Good Time Design's primary focus is on hospitality and entertainment, the company leverages various technological platforms to enhance operational efficiency and customer engagement:

Online Presence: Utilizing platforms like Squarespace for website management and Yoast SEO for search engine optimization to maintain a robust digital footprint.

Customer Engagement: Employing email marketing tools and social media channels to interact with patrons and promote events.

Operational Tools: Implementing modern web technologies such as jQuery, Bootstrap, and PHP to support the functionality and responsiveness of its online platforms.

These technological integrations enable GTD to streamline operations, effectively market its venues, and provide an enhanced experience for customers.

Leadership Team

Good Time Design's leadership comprises experienced professionals dedicated to advancing the company's mission:

Ty Hauter: Founder and CEO, with a background in hospitality management and a track record of developing successful entertainment venues.

David Osborne: In-House Counsel and Real Estate Development, overseeing legal matters and strategic property acquisitions.

Heather Kline: Controller, responsible for financial oversight and accounting operations.

Christina Gauthier: Marketing Director, leading branding and promotional initiatives.

Frank Miller: Director of Operations for Tennessee, managing venue operations and expansion in the region.

Erica Maldonado: Director of Private Events, coordinating event planning and execution across venues.

This team brings a wealth of experience in hospitality, legal affairs, marketing, and operations, driving GTD's growth and success.

Leadership Changes

As of the latest information, there have been no significant recent changes or appointments within Good Time Design's leadership team.

Competitor Profile

Market Insights and Dynamics

The hospitality and entertainment industry is characterized by its dynamic nature, with market size and growth potential influenced by consumer preferences, economic conditions, and cultural trends. The industry's success hinges on delivering unique experiences that resonate with target demographics, particularly in urban centers where competition is intense.

Competitor Analysis

Good Time Design operates in a competitive landscape alongside several notable entities:

ArtVersion: A multimedia and graphic design firm with an estimated revenue of $28.5 million and approximately 137 employees.

Rize Group: Specializing in design services, with an estimated revenue of $4.3 million and around 260 employees.

Graphic Design Eye: A design-focused company generating approximately $4.5 million in revenue with a workforce of 216 employees.

These competitors, while primarily focused on design services, highlight the diverse range of companies operating within the broader hospitality and entertainment sector.