Good Times Restaurants Inc. (NASDAQ: GTIM) is a restaurant company that owns and operates two casual and quick-service dining concepts: Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard. Revenue comes from company-owned restaurant sales, with smaller contributions from franchise royalties and licensing fees. As of the 10-K filed December 29, 2025, the company operates 38 Bad Daddy's locations across seven states and 30 Good Times restaurants concentrated in Colorado, competing against regional and national burger chains in both the fast-casual and quick-service segments. Bad Daddy's offers a full-bar, culinary-driven menu built around 1855 Black Angus beef burgers with scratch-made toppings, craft beer, and cocktails. Good Times is a double drive-thru quick-service concept featuring burgers, frozen custard, and its Bambino slider product. The company is headquartered in Nevada and its CEO is Ryan M. Zink.
- Revenue model
- The primary revenue stream is company-owned restaurant sales across both concepts. Secondary revenue includes franchise fees and royalties from Good Times franchisees and a licensing arrangement for the Bad Daddy's location at Charlotte Douglas International Airport. Advertising costs for Good Times totaled $1,418,000 (3.6% of Good Times total revenues) in fiscal 2025.
- Products and services
- Bad Daddy's Burger Bar: full-service casual dining featuring 1855 Black Angus beef burgers, scratch-made toppings, house-made black bean patties, salmon, turkey, bison and chicken proteins, giant chopped salads, gluten-friendly menu, hand-cut fries, housemade potato chips, hand-spun ice cream milkshakes, scratch-made banana pudding, craft beers, full bar with Bad Ass Margarita and cocktails, and wine. Good Times Burgers & Frozen Custard: double drive-thru quick-service concept offering burgers, frozen custard, and Bambino sliders.
- Customers and end markets
- General dining consumers across quick-service and casual dining end markets. Good Times targets drive-thru burger and frozen custard customers primarily in Colorado. Bad Daddy's targets casual dining guests seeking a customizable, culinary-driven burger experience across seven states.
- Value-chain role
- Owner-operator and franchisor/licensor of restaurant concepts. The company directly operates the majority of locations, with a small franchise footprint for Good Times and a single licensing arrangement for Bad Daddy's at Charlotte Douglas International Airport.
- Geographic exposure
- Bad Daddy's: 14 locations in North Carolina, 9 in Colorado, 4 in Georgia, 4 in South Carolina, 3 in Alabama, 2 in Tennessee, 1 in Oklahoma, and 1 licensed at Charlotte Douglas International Airport (as of 10-K filed December 29, 2025). Good Times: 28 locations in Colorado, 2 in Wyoming operated as dual-brand franchises with Taco John's.
- Competitors
- In-N-Out Burger, Whataburger, Checkers & Rally's Restaurants, Fast-casual hamburger restaurants in Colorado markets
