Good Times Restaurants Inc. announced that through its wholly owned subsidiary, BD of Colorado LLC, it has signed the first two of several Bad Daddy's Burger Bar locations that are planned for the Denver and front-range of Colorado market.
"We are gearing up our expansion for both company owned and franchised Bad Daddy's restaurants and are thrilled to get our first two deals in the pipeline," said Boyd Hoback, president and CEO.
The first store will be in Cherry Creek North and the second will be in a new development at 120th & I25 in Northglenn. The company is also currently negotiating for several other sites in the market.
"We plan to use the majority of the proceeds from our recently announced public offering for the development of company owned and franchised Bad Daddy's restaurants as we continue our momentum in our core Good Times brand with reimaging and remodeling of older restaurants," Hoback said.
There are also three Bad Daddy's Burger Bar restaurants under construction in North and South Carolina that are scheduled to be open by November this year. Including the two Colorado sites, the number of Bad Daddy's operating will double this year and the company hopes to more than double the total number operating again next year with company-owned and franchised restaurants developed.
Bad Daddy's Burger Bar is a full-service, upscale restaurant concept operating mostly in inline locations. It was purchased by QSR Good Times earlier this year.
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