Good Times Restaurants Inc. is a publicly traded company operating two distinct restaurant brands: Good Times Burgers & Frozen Custard and Bad Daddy's Burger Bar. Established in 1987 and headquartered in Golden, Colorado, the company focuses on delivering high-quality, fresh ingredients and exceptional customer service.
Key Strategic Focus
The company's strategic focus centers on expanding its Bad Daddy's Burger Bar brand, particularly in high-income areas, while maintaining and enhancing the performance of Good Times Burgers & Frozen Custard. Emphasis is placed on operational efficiency through cost management and technological investments, such as upgrading point-of-sale systems and optimizing supply chain management.
Financials and Funding
In fiscal year 2024, Good Times Restaurants reported net revenues of $142.3 million, marking a 3.0% increase from the previous year. The revenue breakdown is as follows:
- Bad Daddy's Burger Bar: $103.8 million
- Good Times Burgers & Frozen Custard: $38.5 million
The company achieved a net income of $1.9 million, a decrease from $11.7 million in fiscal 2023, primarily due to a significant tax benefit in the prior year. As of the end of fiscal 2024, the company held $3.9 million in cash and $0.8 million in long-term debt. The Cadence Credit Facility provides up to $8 million in borrowing capacity to support future growth initiatives.
Pipeline Development
Good Times Restaurants is actively expanding its Bad Daddy's Burger Bar brand, with plans to open new locations in high-income areas. The company aims to leverage its strong brand identity and customer loyalty to drive growth.
Technological Platform and Innovation
The company is committed to improving operational efficiency through strategic investments in technology. This includes enhancing its point-of-sale systems and optimizing supply chain management to streamline operations and improve customer service.
Leadership Team
- Ryan M. Zink: President and Chief Executive Officer
- Keri A. August: Senior Vice President of Finance and Accounting and Corporate Secretary
Leadership Changes
As of the latest available information, there have been no recent significant changes or appointments within the company's leadership team.
Competitor Profile
Market Insights and Dynamics
The restaurant industry is highly competitive, with numerous national and regional chains vying for market share. Consumer preferences are shifting towards healthier options and unique dining experiences, influencing market dynamics.
Competitor Analysis
Good Times Restaurants faces competition from various national and regional chains, including:
- Chipotle Mexican Grill: Known for its focus on fresh, high-quality ingredients and customizable menu options.
- Darden Restaurants: Operates multiple brands offering diverse dining experiences.
- Dairy Queen: Offers a combination of fast-food and frozen dessert options.
- Wendy's: A major player in the fast-food industry with a focus on quality ingredients.
- Smashburger: Specializes in gourmet burgers with a focus on quality and flavor.
Strategic Collaborations and Partnerships
The company has engaged in co-branding initiatives, such as partnering with Taco John's to operate dual-brand concept restaurants in Wyoming. These collaborations aim to enhance market presence and offer diverse menu options to customers.
Operational Insights
Good Times Restaurants differentiates itself through a commitment to high-quality, fresh ingredients and exceptional customer service. The company's dual-brand strategy allows it to cater to both quick-service and full-service dining segments, providing a competitive edge in the market.
Strategic Opportunities and Future Directions
The company plans to continue expanding the Bad Daddy's Burger Bar brand in high-income areas and enhancing operational efficiency through technological investments. By leveraging its strong brand identity and customer loyalty, Good Times Restaurants aims to drive growth and strengthen its market position.
Contact Information
- Website: www.goodtimesburgers.com
- Headquarters: Golden, Colorado
Note: The above information is based on the latest available data as of July 15, 2025.
