Good Times Burgers & Frozen Custard

Last updated
Good Times Restaurants Inc.
Good Times Burgers & Frozen Custard
Company type Public company
Nasdaq:  GTIM
Russell Microcap Index component
Industry Restaurants
PredecessorRound the Corner Restaurants
FoundedRound the Corner Restaurants :
1968;56 years ago (1968)
Boulder, Colorado, U.S.
Good Times Drive-Thru Burgers:
1987;37 years ago (1987)
Boulder, Colorado, U.S.
FounderGood Times Drive-Thru Burgers:
Boyd Hoback
Headquarters651 Corporate Circle, Golden, Colorado, United States
Number of locations
35 (2021)
Area served
 Colorado and Wyoming
Key people
Ryan Zink (CEO)
Products
RevenueIncrease2.svgUS$123.953  million  (2021 [1] )
Increase2.svg US$6.897 million (2021 [1] )
Increase2.svg US$16.787 million (2021 [1] )
Total assets Decrease2.svg US$11.444 million (2021 [1] )
Total equity Increase2.svg US$29.746 million (2021 [1] )
Number of employees
2,230 (2021)
Website goodtimesburgers.com
Good Times/Taco John's restaurant in Commerce City, Colorado Goodtimes-TacoJohns.JPG
Good Times/Taco John's restaurant in Commerce City, Colorado

Good Times Burgers & Frozen Custard is a Golden, Colorado-based fast-food restaurant specializing in premium burgers and frozen custard. As of July 2023, the chain operates 31 locations (29 in Colorado and 2 in Wyoming), [2] down from 38 in 2015. [3] [4]

Contents

History

In 1968, Round the Corner Restaurants was started in Boulder, Colorado, [5] and established a chain of gourmet, sit down hamburger restaurants. [6] At its peak, Round the Corner had 30 restaurants in 4 states. [5]

In 1986, Round the Corner formed a company to develop the Good Times drive-through concept. [6] By 1987 [7] as Good Times Drive-Thru Burgers, the company opened its first location in Boulder.

Between 1990 and 1993, Round the Corner became a subsidiary of Good Times Restaurants, Inc., and was spun off into a separate company in 1995. Round the Corner filed for bankruptcy in 1996 with Good Times as the only secured creditor. [6] By 2000, the last remaining Round the Corner restaurant, located in Aurora, Colorado, had been sold to an independent operator. [5]

In 2004, Good Times entered into an agreement with Taco John's to experiment with opening co-branded restaurants. This would include performing a complete remodel on the Taco John's building located on South Greeley Highway in Taco John's home city, Cheyenne, Wyoming. [8] [9] In 2007, Good Times introduced new Bambino Burgers, [10] slider hamburgers similar to those sold by White Castle.

In 2013, Good Times acquired a 48-percent interest in North Carolina-based franchiser Bad Daddy's Burger Bar, described as a "full service, upscale, 'small box' restaurant concept". The agreement included development rights for franchise locations in the states of Colorado, Arizona, and Kansas. [11] In 2015, Good Times announced it would be acquiring the remaining 52 percent of Bad Daddy's for $21 million. [12]

As of 2023, Good Times' home offices are located in Golden, Colorado. [13] The South Greeley Hwy/Cheyenne location has also long since shifted away from being co-branded as Good Times, and the Taco John's building has even been rebuilt. Both the existing Wyoming Good Times locations (Gillette and Sheridan) are both still co-branded as Taco John's.

Frozen custard

Flavor of the month

Good Times has many flavors of frozen custards that rotate depending on the month as well as serving vanilla year round.

Pawbenders

Good Times also serves Pawbenders, which are frozen treats created for dogs. They contain vanilla Frozen Custard, three Milk Bones, and a Peanut Butter Drizzle. [14] A percentage of the money made from every Pawbender sold goes to support the Dumb Friends League, Freedom Service Dogs of America, and/or the Larimer Humane Society. [15]

See also

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References

  1. 1 2 3 4 5 "GTIM Financials". Nasdaq. January 30, 2021.
  2. ↑ "Find Us | Good Times All Natural Burgers & Frozen Custard". Good Times Burgers Locations. 2023-07-25. Archived from the original on 2023-07-26. Retrieved 2023-07-25.
  3. ↑ "Colorado Locations : Good Times Burgers & Frozen Custard". Archived from the original on 2015-06-17. Retrieved 2015-06-16.
  4. ↑ "Wyoming Locations : Good Times Burgers & Frozen Custard". Archived from the original on 2015-06-17. Retrieved 2015-06-16.
  5. 1 2 3 Wagner, Kyle (24 February 2000). "Survival of the fittest". Westword. Retrieved 16 June 2015.
  6. 1 2 3 "Notice of Annual Meeting of Shareholders, February 12, 1998". Good Times. Good Times Restaurants, Inc. Archived from the original on 5 September 2015. Retrieved 16 June 2015.
  7. ↑ "About Good Times at its official website" . Retrieved 2009-11-05.
  8. ↑ "Good Times Announces Plan to Expand Co-Brand Test w/Taco John's". May 10, 2005. Retrieved October 13, 2007.
  9. ↑ "Good Times, Taco John's Test Co-Branding". Archived from the original on 2007-10-11. Retrieved 2007-10-14.
  10. ↑ "Good Times Introduces New Bambino Burgers, October 2007" . Retrieved October 13, 2007.
  11. ↑ Pankratz, Howard (April 15, 2013). "Good Times to develop Bad Daddy's Burger Bar in Colorado". Denver Poist. Retrieved 16 June 2015.
  12. ↑ Wallace, Alicia (28 April 2015). "Good Times paying $21 million for Bad Daddy's Burger Bar operations". Denver Post. Retrieved 16 June 2015.
  13. ↑ "About Us | Good Times All Natural Burgers & Frozen Custard". About Us. 2023-07-25. Archived from the original on 2023-07-26. Retrieved 2023-07-25.
  14. ↑ "Frozen Custard". Good Times Burgers. Retrieved 2020-02-05.
  15. ↑ "Giving Back". Good Times Burgers. Retrieved 2020-02-05.
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