News

Good Times signs deal for new store developments

May 1, 2014

Good Times Restaurants Inc. has signed agreements for two new Good Times restaurants and is in final lease term negotiations for a third. The company also announced that it has been approved and is finalizing loan documents for $2.1 million in senior term debt financing.

"Our strategy for Good Times is to build out the Colorado market where we have marketing and operating efficiencies as we update our existing facilities," CEO Boyd Hoback said in a news release. "All three new sites are in prime, higher-income trade areas that fill gaps in the Denver market for us, and based on our strong sales performance over the past few years and other Good Times that are in similar demographic areas, we expect each of these sites to be high-volume opportunities."