Good Times Restaurants Inc. (GTIM): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a regional burger chain thrives in a market dominated by giants? Good Times Restaurants Inc. (GTIM), operator of Good Times Burgers & Frozen Custard and Bad Daddy's Burger Bar, reported a 3.0% increase in total revenues, reaching $142.3 million for the fiscal year 2024. But how exactly does this company, with its unique dual-brand strategy, operate and generate revenue? Keep reading to discover the history, ownership structure, mission, and business model that drive Good Times Restaurants Inc.

Good Times Restaurants Inc. (GTIM) History

Founding Timeline

Year established

The company was established in 1987.

Original location

The first restaurant was located in Boulder, Colorado.

Founding team members

The founding team included George E. McKerrow Jr., who served as the Chairman and CEO.

Initial capital/funding

Information regarding the initial capital or funding for Good Times Restaurants Inc. is not readily available in the provided search results.

Evolution Milestones

Transformative Moments

• Strategic Acquisition of Bad Daddy's Burger Bar: In 2007, the company acquired Bad Daddy's Burger Bar, marking a significant diversification of its brand portfolio. This move allowed Good Times Restaurants Inc. to tap into the higher-end burger market, complementing its existing quick-service Good Times Burgers & Frozen Custard chain.
• Going Public in 1993: The decision to take Good Times Restaurants Inc. public in 1993 was a transformative step that provided the company with access to capital markets. This infusion of funds enabled the company to expand its operations and increase its market presence.
• Adapting to Market Challenges: The company has faced various market challenges, including economic downturns, rising labor costs, and increased competition. These challenges have forced Good Times Restaurants Inc. to adapt its strategies, streamline operations, and focus on efficiency to maintain profitability.

To gain more insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Good Times Restaurants Inc. (GTIM).

Good Times Restaurants Inc. (GTIM) Ownership Structure

Good Times Restaurants Inc. features a mix of individual and institutional investors, which shapes its corporate governance and strategic direction. Understanding this structure is key to grasping the company's decision-making processes.

Good Times Restaurants Inc.'s Current Status

Good Times Restaurants Inc. is a public company, trading on the OTCQB market under the ticker symbol GTIM. This means that its shares are available for purchase by the general public, and the company is subject to certain regulatory requirements regarding financial reporting and corporate governance.

Good Times Restaurants Inc.'s Ownership Breakdown

The ownership of Good Times Restaurants Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table summarizes the ownership breakdown:

Good Times Restaurants Inc.'s Leadership

The leadership team is crucial for steering the strategic direction and operational execution. Key members of the leadership team as of April 2025 include:

• Ryan M. Zink serves as the Chief Executive Officer & Principal Accounting Officer.
• Naomi C. Johnson holds the position of Vice President - Finance.
• Scott LeFever is the Chief Development Officer.

These individuals hold key positions that influence the company's financial and operational performance.

For more in-depth insights into investor profiles and their rationale, explore: Exploring Good Times Restaurants Inc. (GTIM) Investor Profile: Who’s Buying and Why?

Good Times Restaurants Inc. (GTIM) Mission and Values

Good Times Restaurants Inc. aims to deliver fresh, high-quality ingredients and exceptional guest experiences while upholding strong values related to community and integrity. Its mission and values reflect a commitment to not only serving great food but also fostering a positive impact.

Good Times Restaurants Inc. (GTIM) Core Purpose

Official mission statement

To provide an experience that 'Makes People Happy!'

Vision statement

While specific long-term vision statements are not publicly emphasized, Good Times Restaurants Inc.'s strategic actions and brand positioning suggest a focus on the following:

• Maintaining and enhancing brand recognition for both its concepts.
• Expanding market presence through strategic restaurant development.
• Focusing on operational excellence to ensure profitability and customer satisfaction.

Company slogan/tagline

The primary slogan/tagline for one of their concepts is:

• 'All Natural Burgers, Frozen Custard and More!' – This tagline highlights the commitment to natural ingredients and the core menu offerings.

To delve deeper into the financial aspects, explore Breaking Down Good Times Restaurants Inc. (GTIM) Financial Health: Key Insights for Investors.

Good Times Restaurants Inc. (GTIM) How It Works

Good Times Restaurants Inc. operates through its subsidiaries, engaging in two concepts: Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain, and Bad Daddy's Burger Bar, a full-service, high-energy burger restaurant concept.

Good Times Restaurants Inc.'s Product/Service Portfolio

Good Times Restaurants Inc.'s Operational Framework

Good Times Restaurants Inc. manages its operations through distinct strategies tailored to each brand:

• Menu Innovation: Both brands focus on continuous menu innovation to attract and retain customers. Good Times emphasizes seasonal offerings and limited-time promotions, while Bad Daddy's Burger Bar introduces unique, gourmet burger options.
• Supply Chain Management: The company prioritizes sourcing high-quality, fresh ingredients, often from local suppliers, to ensure product quality and support local communities.
• Customer Experience: Good Times focuses on speed and convenience, while Bad Daddy's emphasizes a high-energy, engaging dining atmosphere.
• Restaurant Management: Good Times Restaurants Inc. focuses on efficient restaurant operations, cost control, and maintaining high standards of food safety and cleanliness across all locations.

Good Times Restaurants Inc.'s Strategic Advantages

• Brand Differentiation: Good Times and Bad Daddy's Burger Bar offer distinct dining experiences, catering to different customer preferences and occasions.
• Regional Focus: Good Times has a strong regional presence, particularly in Colorado, which enables brand recognition and customer loyalty.
• Adaptable Business Model: Good Times Restaurants Inc. adapts its restaurant designs and service models to suit different market conditions and customer demographics.
• Experienced Management Team: The company is led by an experienced management team with a track record of success in the restaurant industry.

To gain more insights into the investors and ownership dynamics, check out this resource: Exploring Good Times Restaurants Inc. (GTIM) Investor Profile: Who’s Buying and Why?

Good Times Restaurants Inc. (GTIM) How It Makes Money

Good Times Restaurants Inc. primarily generates revenue through its operation of fast-casual restaurants. These restaurants focus on serving high-quality, fresh, and natural menu items, distinguishing themselves through a commitment to premium ingredients and sustainable practices.

Good Times Restaurants Inc.'s Revenue Breakdown

Here's a look at the revenue streams for Good Times Restaurants Inc., based on the most recent fiscal year data:

Good Times Restaurants Inc.'s Business Economics

The business economics of Good Times Restaurants Inc. are shaped by several key factors:

• Menu Pricing: The company employs a premium pricing strategy, reflecting the higher cost of its natural and fresh ingredients. This approach aims to attract customers willing to pay more for quality and sustainability.
• Cost Management: Efficient supply chain management and waste reduction efforts are crucial for maintaining profitability. The company focuses on optimizing operational costs without compromising ingredient quality.
• Brand Differentiation: Both 'Good Times Burgers & Frozen Custard' and 'Bad Daddy's Burger Bar' aim to create unique dining experiences. 'Good Times' emphasizes a family-friendly environment with a focus on quick service and high-quality ingredients, while 'Bad Daddy's' targets a more adult demographic with gourmet burgers and a full bar.

Good Times Restaurants Inc.'s Financial Performance

Key aspects of Good Times Restaurants Inc.'s financial performance include:

• For the fiscal year 2024, total revenue increased to $158.3 million, up from $140.7 million in fiscal year 2023.
• Restaurant sales increased to $154.9 million in fiscal year 2024, compared to $137.5 million in fiscal year 2023.
• The company reported net income of $2.4 million, or $0.16 per share, for fiscal year 2024, a turnaround from a net loss of $2.6 million, or $0.18 per share, in fiscal year 2023.
• Restaurant level operating profit increased to $24.4 million, or 15.8% of restaurant sales, compared to $19.7 million, or 14.3% of restaurant sales, in fiscal year 2023.

To delve deeper into the financial health of Good Times Restaurants Inc. and gain more insights, check out: Breaking Down Good Times Restaurants Inc. (GTIM) Financial Health: Key Insights for Investors

Good Times Restaurants Inc. (GTIM) Market Position & Future Outlook

As of April 2025, Good Times Restaurants Inc. navigates a competitive fast-casual landscape, focusing on its commitment to quality ingredients and unique menu offerings. The company aims to expand its market presence while addressing industry-wide challenges such as rising costs and shifting consumer preferences. More information about the financial health of the company can be found here: Breaking Down Good Times Restaurants Inc. (GTIM) Financial Health: Key Insights for Investors

Competitive Landscape

Opportunities & Challenges

Industry Position

Good Times Restaurants Inc. holds a niche position within the fast-casual dining sector. Key aspects of its industry standing include:

• Brand Differentiation: Known for its commitment to all-natural ingredients and a menu that stands out from traditional fast-food offerings.
• Regional Presence: Primarily operating in the Colorado region, with opportunities for strategic expansion.
• Customer Loyalty: A dedicated customer base that appreciates the quality and unique aspects of the dining experience.