 | |
| Good Times Burgers & Frozen Custard | |
| Company type | Public company |
| Nasdaq: GTIM Russell Microcap Index component | |
| Industry | Restaurants |
| Predecessor | Round the Corner Restaurants |
| Founded | Round 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. |
| Founder | Good Times Drive-Thru Burgers: Boyd Hoback |
| Headquarters | 651 Corporate Circle, Golden, Colorado, United States |
Number of locations | 35 (2021) |
Area served | Colorado and Wyoming |
Key people | Ryan Zink (CEO) |
| Products |
|
| Revenue |  US$123.953 million (2021[1]) |
| US$6.897 million (2021[1]) | |
| US$16.787 million (2021[1]) | |
| Total assets |  US$11.444 million (2021[1]) |
| Total equity | US$29.746 million (2021[1]) |
Number of employees | 2,230 (2021) |
| Website | goodtimesburgers |
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]
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]asGood 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.
Good Times has many flavors of frozen custards that rotate depending on the month as well as serving vanilla year round.
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]
