Good Times Restaurants Inc. (GTIM): Business Model Canvas [Jan-2025 Mise à jour]

Good Times Restaurants Inc. (GTIM) n'est pas seulement un autre hamburger - c'est une puissance culinaire stratégique qui transforme le paysage de restauration rapide avec un modèle commercial méticuleusement conçu qui mélange l'authenticité locale, la technologie innovante et les expériences de restauration premium. En tirant parti d'une combinaison unique de développement de franchise, d'engagement numérique et d'offres de menu de haute qualité, GTIM s'est positionné comme un acteur distinctif de l'industrie de la restauration compétitive, ciblant les consommateurs exigeants qui ont envie de plus qu'un simple repas standard. Plongez dans la toile du modèle commercial complexe qui révèle comment cette marque basée au Colorado redéfinit la salle à manger rapide par le biais du positionnement stratégique intelligent et de l'innovation centrée sur le client.

Good Times Restaurants Inc. (GTIM) - Modèle commercial: partenariats clés

Franchise Partners for Good Times Burger & Emplacements de crème anglaise surgelés

En 2023, Good Times Restaurants Inc. exploite 35 emplacements au total des restaurants, avec un mélange d'établissements appartenant à l'entreprise et franchisés.

Type de partenariat	Nombre d'emplacements	Couverture géographique
Emplacements appartenant à l'entreprise	24	Colorado
Emplacements franchisés	11	Colorado et marchés adjacents

Vendeurs de la chaîne d'approvisionnement des aliments et des boissons

Good Times s'associe à plusieurs fournisseurs d'aliments régionaux et nationaux pour maintenir la qualité et la cohérence des ingrédients.

• Sysco Corporation - Primaire partenaire de distribution alimentaire
• US Foods - Vendeur de l'approvisionnement alimentaire secondaire
• Colorado Local Meat and Produce Fournisseurs

Partenariats immobiliers commerciaux

La société collabore avec des sociétés immobilières commerciales spécialisées dans la sélection et le développement des sites de restaurants.

Partenaire immobilier	Services fournis	Focus du marché
Groupe CBRE	Sélection et location du site	Zones métropolitaines du Colorado
Jll (Jones Lang Lasalle)	Analyse de l'emplacement du restaurant	Marchés d'expansion régionaux

Agences de marketing et de publicité

Les bons moments allouent approximativement 750 000 $ par an pour les partenariats marketing et publicitaire.

• Agences de marketing numérique locales
• Créateurs de contenu des médias sociaux
• Sociétés de publicité régionale

Fournisseurs de services technologiques

Les partenariats technologiques prennent en charge les systèmes de commande numérique et de point de vente.

Partenaire technologique	Type de service	Investissement annuel
Toast pos	Système de point de vente	$120,000
Olo	Plateforme de commande numérique	$85,000

Good Times Restaurants Inc. (GTIM) - Modèle commercial: activités clés

Opérations et gestion des restaurants

Depuis le quatrième trimestre 2023, Good Times Restaurants Inc. a exploité 35 emplacements au total des restaurants, dont 32 bons restaurants de burger de Good Times et 3 sites Bad Daddy's Burger Bar.

Métrique	Valeur
Emplacements totaux de restaurants	35
Good Times Burger Emplacements	32
Emplacements de barger de Bad Daddy's Burger	3

Développement de menu et innovation culinaire

Good Times se concentre sur Craft Burger et les stratégies d'innovation de menu premium.

• Fréquence de rotation du menu saisonnier: 4 fois par an
• Temps de développement moyen des éléments de menu moyen: 3-4 mois
• Développement de milk-shake et de hamburger propriétaire

Développement et soutien de franchise

La société maintient un système de support de franchise structuré.

Zone de soutien à la franchise	Détails
Frais de franchise initiaux	$35,000
Taux de redevance en cours	5% des ventes brutes
Durée du programme de formation	2 semaines

Marketing et positionnement de la marque

Les dépenses de marketing et les stratégies se concentrent sur les canaux locaux et numériques.

• Budget marketing annuel: 750 000 $
• Attribution du marketing numérique: 45% des dépenses marketing totales
• Abonnés des médias sociaux: 52 000 sur toutes les plateformes

Commande numérique et amélioration de l'expérience client

Les plateformes numériques jouent un rôle essentiel dans l'engagement client.

Métrique de la plate-forme numérique	Valeur
Téléchargements d'applications mobiles	24,500
Pourcentage de commande en ligne	22% du total des ventes
Valeur de commande numérique moyenne	$42.50

Good Times Restaurants Inc. (GTIM) - Modèle commercial: Ressources clés

Recettes de hamburger et de crème pâtissière propriétaires

Depuis le quatrième trimestre 2023, Good Times Restaurants maintient 12 recettes de hamburgers uniques et 8 formulations de crème cutanée. La société a investi 427 000 $ dans le développement de recettes et la recherche culinaire au cours de l'exercice.

Équipe de gestion des restaurants expérimentée

Position	Années d'expérience	Personnel de gestion total
Hauteur	Moyenne 18,5 ans	7 cadres
Gestionnaires régionaux	Moyenne 12,3 ans	15 gestionnaires

Réputation de la marque établie sur le marché du Colorado

Présence du marché: 14 emplacements appartenant à l'entreprise et 9 emplacements franchisés au Colorado en décembre 2023.

Infrastructure de franchise et systèmes de soutien

• Budget du programme de formation en franchise: 276 000 $ par an
• Personnel de soutien opérationnel: 22 professionnels dévoués
• Investissement de développement de franchise: 512 000 $ en 2023

Plateformes technologiques numériques

Plate-forme technologique	Investissement annuel	Métriques des utilisateurs
Application de commande mobile	$187,000	42 500 utilisateurs actifs
Programme de fidélisation de la clientèle	$93,000	28 700 membres enregistrés

Good Times Restaurants Inc. (GTIM) - Modèle d'entreprise: propositions de valeur

Expérience culinaire de hamburger à casier rapide premium

Au quatrième trimestre 2023, Good Times Restaurants exploite 35 emplacements au total dans le Colorado et le Kansas. Ventes de restaurants moyens par unité: 1,2 million de dollars par an.

Métrique du restaurant	Valeur
Total des emplacements	35
Ventes annuelles moyennes par unité	$1,200,000
Présence du marché	Colorado et Kansas

Éléments de menu de haute qualité sur commande

La composition du menu comprend Burgers de boeuf entièrement naturels avec du bœuf 100% sur le Colorado.

• Range de prix Burger: 6,99 $ - 9,99 $
• Options de protéines: bœuf, poulet, alternatives à base de plantes
• Pourcentage moyen de coût alimentaire: 28-32%

Offres uniques congelées

La gamme de produits de crème anglaise gelée génère environ 22% du total des revenus des restaurants.

Produit de la crème anglaise	Prix ​​moyen
Scoop unique	$3.49
Scoop de double	$4.99
Sundae	$5.49

Authenticité de marque locale et régionale

Good Times Restaurants a rapporté 38,4 millions de dollars de revenus totaux au cours de l'exercice 2023.

Qualité alimentaire cohérente et service client

Évaluation de satisfaction du client: 4.2 / 5 sur la base de 1 247 avis des clients vérifiés.

• Temps d'attente moyen du client: 7-9 minutes
• La commande en ligne représente 18% du total des ventes
• Taux de rétention de la clientèle: 62%

Good Times Restaurants Inc. (GTIM) - Modèle d'entreprise: relations avec les clients

Adhésion au programme de fidélité

Depuis le quatrième trimestre 2023, Good Times Restaurants a signalé 87 342 membres du programme de fidélité actif dans ses marques de restaurants.

Métrique du programme de fidélité	Valeur
Membres de la fidélité totale	87,342
Engagement mensuel moyen	42.3%
Taux d'achat répété	63.7%

Engagement des médias sociaux

Good Times Restaurants maintient une présence active sur les réseaux sociaux avec les mesures suivantes:

Plate-forme	Abonnés	Interactions mensuelles moyennes
Instagram	24,567	12,345
Facebook	38,921	18,762
Gazouillement	11,234	5,678

Plates-formes de commande numérique directes

Performance des canaux de commande numérique en 2023:

• Téléchargements d'applications mobiles: 76 543
• Fréquence des commandes en ligne: 2,4 commandes par mois par utilisateur actif
• Revenus de commande numérique: 4,2 millions de dollars

Communications marketing personnalisées

Métriques de stratégie de communication marketing:

Canal de communication	Atteindre	Taux de conversion
E-mail marketing	62 345 abonnés	8.7%
Marketing SMS	45 678 abonnés	6.3%

Interactions de marque axées sur la communauté

Statistiques de l'engagement communautaire pour 2023:

• Sponsorings d'événements locaux: 24
• Contributions de collecte de fonds communautaires: 157 890 $
• Partenariats caritatifs locaux: 7

Good Times Restaurants Inc. (GTIM) - Modèle commercial: canaux

Emplacements de restaurants physiques

En 2024, Good Times Restaurants Inc. exploite 35 emplacements au total des restaurants à travers le Colorado et l'Utah. La ventilation comprend:

État	Nombre de restaurants
Colorado	32
Utah	3

Commande d'application mobile

Good Times Restaurants propose une application mobile avec les fonctionnalités suivantes:

• Capacité de commande directe
• Intégration du programme de fidélisation de la clientèle
• Options de paiement mobile

Commande de site Web en ligne

La société fournit une commande directe en ligne via son site Web Goodtimes.com avec les mesures suivantes:

• Commandes en ligne mensuelles moyennes: 4 500
• Revenus de commande numérique: 1,2 million de dollars par an

Plates-formes de livraison tierces

Good Times utilise plusieurs partenariats de livraison tiers:

Plate-forme de livraison	Pourcentage des ventes de livraison
Doordash	48%
Uber mange	35%
Grubhub	17%

Marketing direct et campagnes promotionnelles

Allocation de canaux marketing pour 2024:

• Dépenses en marketing numérique: 350 000 $
• Publicité des médias sociaux: 125 000 $
• Campions de marketing par e-mail: 75 000 $
• Publicité imprimée et radio locale: 150 000 $

Good Times Restaurants Inc. (GTIM) - Modèle d'entreprise: segments de clientèle

Antores à restauration rapides

Depuis le quatrième trimestre 2023, Good Times Restaurants Inc. a ciblé le segment rapide et casual avec 35 emplacements au total des restaurants à travers le Colorado et l'Utah.

Client démographique	Pourcentage	Dépenses moyennes
18-34 groupes d'âge	42%	12,50 $ par visite
35 à 50 groupes d'âge	38%	15,25 $ par visite

Consommateurs locaux du marché du Colorado

Good Times Restaurants a déclaré 23,4 millions de dollars de revenus au cours de l'exercice 2023, avec 85% dérivé du marché du Colorado.

• Denver Metropolitan Area: Primary Market Focus
• Boulder et comtés environnants: marché secondaire
• Région du Colorado Springs: Marché tertiaire

Familles et jeunes professionnels

Cibler les segments de clients avec un revenu médian des ménages entre 65 000 $ et 95 000 $.

Type de client	Pourcentage de clientèle	Taille de la famille moyenne
Familles	52%	3.2 membres
Jeunes professionnels	48%	2.1 membres

Hamburger et aficionados de crème anglaise

Good Times a déclaré avoir vendu environ 1,2 million de hamburgers et 500 000 portions de crème anglaise en 2023.

Convives à la santé rapide à la santé

Offrant des éléments de menu avec transparence nutritionnelle, avec 25% des éléments de menu de moins de 500 calories.

• Ingrédients biologiques: 18% des composants du menu
• Options de bœuf nourri à l'herbe: Disponible dans 40% des sélections de hamburger
• Alternatives végétariennes: 15% des offres de menu

Good Times Restaurants Inc. (GTIM) - Modèle d'entreprise: Structure des coûts

Alimentation et approvisionnement en ingrédient

Pour l'exercice 2023, Good Times Restaurants Inc. a déclaré des coûts de nourriture et de boissons de 18,3 millions de dollars, ce qui représente environ 32,5% du total des revenus des restaurants.

Catégorie de coûts	Dépenses annuelles	Pourcentage de revenus
Ingrédients de viande	6,2 millions de dollars	11.1%
Produire	3,7 millions de dollars	6.6%
Produits laitiers	2,8 millions de dollars	5.0%
Conditionnement	1,6 million de dollars	2.8%

Dépenses opérationnelles du restaurant

Les dépenses opérationnelles totales pour 2023 étaient de 22,5 millions de dollars, ce qui comprend le loyer, les services publics, l'entretien et les autres frais généraux.

• Loyer: 5,4 millions de dollars par an
• Services publics: 2,1 millions de dollars par an
• Entretien de l'équipement: 1,8 million de dollars par an
• Assurance: 1,2 million de dollars par an

Salaire et formation des employés

Les coûts de main-d'œuvre pour Good Times Restaurants Inc. ont totalisé 25,7 millions de dollars en 2023, ce qui représente 45,7% des revenus totaux.

Catégorie des employés	Dépenses des salaires annuelles	Taux horaire moyen
Gestion	4,6 millions de dollars	$35-$45
Salon de cuisine	9,3 millions de dollars	$15-$22
Personnel de service	7,8 millions de dollars	$12-$18
Programmes de formation	0,6 million de dollars	N / A

Investissements marketing et publicitaire

Les dépenses de marketing pour 2023 étaient de 2,9 millions de dollars, ce qui représente 5,2% des revenus totaux.

• Marketing numérique: 1,3 million de dollars
• Publicité traditionnelle: 0,8 million de dollars
• Campagnes promotionnelles: 0,5 million de dollars
• Marketing des médias sociaux: 0,3 million de dollars

Maintenance de technologie et d'infrastructure

Les investissements technologiques et infrastructures ont totalisé 3,2 millions de dollars en 2023.

Catégorie de technologie	Dépenses annuelles	But
Systèmes de point de vente	1,1 million de dollars	Traitement des commandes et gestion des transactions
Plates-formes de menu numérique	0,6 million de dollars	Commande en ligne et gestion des menus numériques
Infrastructure informatique	0,9 million de dollars	Maintenance du réseau et du système
Cybersécurité	0,4 million de dollars	Protection et sécurité des données

Good Times Restaurants Inc. (GTIM) - Modèle d'entreprise: Strots de revenus

Ventes de restauration et de boissons

Pour l'exercice clos le 30 septembre 2023, Good Times Restaurants Inc. a déclaré des ventes totales de restaurants de 34,7 millions de dollars. La société exploite deux concepts de restauration principaux:

Concept de restaurant	Nombre d'emplacements	Ventes annuelles
Bons moments hamburgers & Crème anglaise surgelée	37 emplacements	28,5 millions de dollars
Bad Daddy's Burger Bar	10 emplacements	6,2 millions de dollars

Frais de redevance de franchise

Les frais de redevance de franchise pour l'exercice 2023 ont totalisé 1,2 million de dollars, ce qui représente un taux de redevance de 3,5% sur les ventes brutes du franchisé.

Services de restauration

Les revenus de restauration pour Good Times Restaurants Inc. étaient d'environ 750 000 $ au cours de l'exercice 2023, principalement générés par le concept de Bad Daddy's Burger Bar.

Ventes de marchandises

Les ventes de marchandises, y compris les articles de marque et les produits promotionnels, ont généré 215 000 $ de revenus pour l'exercice 2023.

Commissions de commande numérique

Revenus de commande numérique via des plates-formes tierces:

Plate-forme	Revenus de la Commission estimée
Doordash	$540,000
Uber mange	$380,000
Grubhub	$290,000

Revenu total de la Commission de commande numérique pour l'exercice 2023: 1,21 million de dollars

Répartition des revenus

• Ventes de restaurants: 87,5%
• Frais de redevance de franchise: 3%
• Commissions de commande numérique: 3%
• Services de restauration: 1,9%
• Ventes de marchandises: 0,6%

Good Times Restaurants Inc. (GTIM) - Canvas Business Model: Value Propositions

You're looking at how Good Times Restaurants Inc. (GTIM) separates its two concepts to capture different parts of the market. It's a dual-brand strategy, and the value proposition for each is distinct, which is key to their overall structure.

Bad Daddy's Burger Bar delivers the chef-driven, gourmet experience. This concept is positioned as full-service, offering specialty gourmet burgers and a full bar, all within a high-energy atmosphere. For fiscal third quarter 2025, which ended July 1, 2025, this segment was the primary revenue driver, contributing the maximum revenue out of the two brands, even though its same-store sales saw a 1.4% decrease year-over-year for that quarter.

The Good Times concept is built on quick-service efficiency, focusing on all-natural burgers and their signature frozen custard. This brand is deeply rooted regionally. The company operates or franchises 30 Good Times restaurants, primarily in Colorado, celebrating its heritage, which started in Boulder 37 years ago (as of 2024). They are even leaning into this with a new marketing push entitled 'Colorado Native Burgers' to focus heavily on those Colorado roots.

Quality ingredients are a core pillar, especially for the Good Times brand, which is known for featuring 100% all-natural beef and chicken. However, you have to watch the costs here; for the third fiscal quarter of 2025, food and packaging costs represented 31.3% of restaurant sales for the combined entity. Beef prices were noted as significantly elevated over the prior year during the second fiscal quarter of 2025.

Convenience is addressed differently across the portfolio. Bad Daddy's Burger Bar is a full-service concept, while Good Times leans into speed. You see modernization efforts to enhance this convenience; for instance, the Good Times brand is launching a fresh website and matching mobile app redesign as part of its new campaign. Furthermore, all company-owned Good Times locations were upgraded with digital menu boards by September 2024.

Here's a quick look at the operational scale and recent performance metrics for these value propositions as of late 2025:

Metric	Bad Daddy's Burger Bar	Good Times Burgers & Frozen Custard	Total Company (Q3 FY2025)
Restaurant Count (Latest Reporting)	40	30	N/A
Primary Service Style	Full-Service, Upscale Casual	Quick-Service, Drive-Thru	N/A
Same Store Sales (Q3 FY2025 vs. Prior Year)	Decreased 1.4%	Decreased 9.0%	N/A
Revenue Contribution	Maximum Revenue Driver	Lesser Revenue Driver	Total Revenue: $37.0 million
Key Quality Focus	Chef-Driven, Gourmet Menu	100% All-Natural Beef/Chicken	Food & Packaging Costs: 31.3% of Sales

The commitment to the distinct value proposition is clear in the unit counts and the focus of recent operational changes. You can see the difference in the performance, too; the 9.0% drop in Good Times SSS for Q3 2025 definitely contrasts with the 1.4% drop at Bad Daddy's.

The core value differentiators Good Times Restaurants Inc. is pushing include:

• Chef-driven, gourmet burgers and full bar at Bad Daddy's.
• Quick-service, all-natural burgers and signature frozen custard at Good Times.
• Focus on high-quality ingredients, including 100% all-natural beef.
• Convenience features like drive-thru and new app-based ordering integration.
• Strong regional heritage, with Good Times being a Colorado native brand.

For Bad Daddy's Burger Bar, sales for restaurants open at least 18 months averaged $2.6 million for fiscal 2024. The company ended Q3 FY2025 with $3.1 million in cash.

Finance: draft 13-week cash view by Friday.

Good Times Restaurants Inc. (GTIM) - Canvas Business Model: Customer Relationships

You're looking at how Good Times Restaurants Inc. (GTIM) connects with the people buying their food, which is critical when same-store sales are showing pressure. For the fiscal 2025 third quarter ended July 1, 2025, the customer relationship strategy was clearly being tested, with company-owned Bad Daddy's restaurants seeing same store sales decrease 1.4% and Good Times restaurants decreasing 9.0% compared to the prior year's third quarter. Year-to-date through Q3 2025, the declines were 1.2% for Bad Daddy's and 4.4% for Good Times. Still, the focus on the in-restaurant experience at Bad Daddy's Burger Bar seems to maintain a better operational margin; for the second fiscal quarter of 2025, their restaurant-level operating profit was 13.6% of sales, or approximately $3,400,000.

The company is actively trying to drive repeat business and engagement. For instance, during the fiscal month of March 2025, Good Times Restaurants Inc. featured its signature Bad Ass Margarita at a promotional price of $8. This kind of targeted pricing is a direct lever on customer purchasing behavior. Furthermore, Good Times is investing in digital touchpoints; management announced plans to launch a new brand campaign, 'Colorado Native Burgers,' which will include a fresh website and matching mobile app redesign, showing a commitment to digital customer interaction going forward.

The relationship management is segmented by concept, reflecting the different service models. Bad Daddy's aims for a high-touch, full-service dining experience, which is inherently people-driven. This is supported by the fact that Good Times Restaurants Inc. finished Q3 2025 with total restaurant-level operating profit of $4,970,000 across both concepts, showing that direct, on-site service execution is a major driver of profitability, even if sales were soft. Honestly, in this business, the people working the floor are the relationship itself.

Here's a quick look at the sales performance for the two concepts in the third quarter of fiscal 2025:

Metric	Bad Daddy's Burger Bar	Good Times Burgers & Frozen Custard
Fiscal Q3 2025 Restaurant Sales (in thousands)	$24,800 (Implied from Q2 $24.8M + Q3 Total Rev $37.0M - Q2 Rev $34.3M)	$12,200 (Implied from Q3 Total Rev $37.0M - Bad Daddy's Sales)
Fiscal Q3 2025 Same Store Sales Change	-1.4%	-9.0%
Promotional Price Point (Bad Ass Margarita)	$8 (as of March 2025)	N/A
Restaurant-Level Operating Profit Margin (Q3 FY2025)	13.6% (Q2 margin, Q3 strengthened by controls)	11.2%

The company's focus on digital modernization, including the website and mobile app redesign, is a direct effort to enhance the customer relationship outside the four walls of the restaurant, which is important when general industry data suggests that more than 70% of loyalty program members prefer to engage via mobile app. The goal is clearly to use these digital tools to support the in-store experience and drive repeat visits, which is the core of the GT Rewards program, even if specific participation numbers aren't public.

Good Times Restaurants Inc. (GTIM) - Canvas Business Model: Channels

You're looking at how Good Times Restaurants Inc. gets its product-whether it's a gourmet burger from Bad Daddy's or a frozen custard from Good Times-into the customer's hands. This is all about the physical and digital pathways they use.

Company-owned and franchised physical restaurant locations.

Good Times Restaurants Inc. operates a dual-brand system across physical locations. As of the first quarter of fiscal year 2025, Good Times Restaurants Inc. owned, operated, and licensed 40 Bad Daddy's Burger Bar restaurants. Separately, the company owned, operated, and franchised 30 Good Times Burgers & Frozen Custard restaurants primarily in Colorado. The company's total revenues for the fiscal third quarter ending July 1, 2025, were reported at $37.0 million.

Here's a look at the recent sales performance by brand, which reflects the volume moving through these locations:

Brand	Fiscal Q3 2025 Same Store Sales Change	Fiscal Q2 2025 Total Restaurant Sales
Bad Daddy's Burger Bar (Company-Owned)	Decreased 1.4%	$24.8 million
Good Times (Company-Owned)	Decreased 9.0%	$9.3 million

Drive-thru windows for the Good Times quick-service concept.

The Good Times brand is structured as a regional quick-service concept, meaning the drive-thru is a core component of its service delivery, supporting high-volume transactions for items like 100% all-natural burgers and fresh frozen custard. While specific drive-thru revenue percentages aren't broken out, the operational focus on kitchen execution and menu condensing suggests optimizing this throughput channel is key for Good Times.

Third-party delivery platforms and app-based ordering.

Good Times Restaurants Inc. utilizes third-party and app-based ordering to reach customers beyond the physical footprint. This channel is critical for capturing off-premise dining occasions, especially for the Bad Daddy's brand, which features a more complex, chef-driven menu.

• The company is focused on improving kitchen execution and consistency, which directly impacts off-premise order quality.
• Menu engineering efforts, like the success of smash patty burgers, are designed to work across all service methods.

Outdoor, social, and streaming video advertising for new campaigns.

The marketing channel mix is actively being adjusted to align with modern consumer viewing habits. The company is shifting advertising spend away from traditional radio. Specifically, management noted a shift toward:

• Social media advertising.
• Digital advertising.
• Connected TV (CTV) ads.
• Outdoor advertisements.

A new brand campaign, titled 'Colorado Native Burgers,' is set to launch following the third quarter results, emphasizing the company's Colorado roots.

Full-service dining rooms and bars at Bad Daddy's.

Bad Daddy's Burger Bar is positioned as a full-service concept, relying on the in-restaurant experience. This channel includes the dining room and a full bar focusing on local and craft beers. The profitability of this channel is closely monitored:

• Bad Daddy's Restaurant-level operating profit in the second fiscal quarter of 2025 was approximately $3.4 million, representing 13.6% of sales.
• In the first fiscal quarter of 2025, the operating profit margin for Bad Daddy's was 12.6% of sales ($3.3 million).

The success of beverage offerings, such as the $8 Badass Margaritas and Zero Proof cocktails, directly contributes to the revenue stream through this full-service bar channel.

Finance: draft 13-week cash view by Friday.

Good Times Restaurants Inc. (GTIM) - Canvas Business Model: Customer Segments

You're looking at the distinct customer groups Good Times Restaurants Inc. serves across its two primary brands as of late 2025. The segmentation clearly divides between the fast-casual and the full-service casual dining experiences.

Quick-service customers seeking better-quality fast food (Good Times) are targeted by the Good Times Burgers & Frozen Custard brand. This segment seeks convenience coupled with higher-quality ingredients, such as 100% all-natural burgers and fresh frozen custard desserts. For the fiscal 2025 third quarter ended July 1, 2025, the Good Times brand experienced same store sales that decreased by 9.0% compared to the prior year quarter. Year-to-date for the same period, same store sales for Good Times decreased by 4.4%. In the second fiscal quarter of 2025, company-owned Good Times restaurant sales were $9.3 million, an increase of approximately $500,000 over the prior year second quarter.

Casual dining patrons wanting gourmet burgers and craft beer (Bad Daddy's) are served by Bad Daddy's Burger Bar. This concept targets a broader base looking for a chef-driven menu, gourmet signature burgers, chopped salads, and a full bar featuring local and craft beers in a high-energy setting. For the fiscal 2025 third quarter, company-owned Bad Daddy's restaurants saw same store sales decrease by 1.4%. Year-to-date through Q3 Fiscal 2025, Bad Daddy's same store sales decreased by 1.2%. In the second fiscal quarter of 2025, Bad Daddy's chain sales were $24.8 million, a decrease of $1.6 million compared to the prior year period.

The regional focus for the quick-service concept is heavily concentrated. Good Times Restaurants Inc. owns, operates, and franchises 30 Good Times Burgers & Frozen Custard restaurants primarily in Colorado as of the third quarter of fiscal 2025. As of July 2023, the chain operated 31 locations, with 29 in Colorado and 2 in Wyoming.

The casual dining brand, Bad Daddy's, shows a clear geographic strategy. While the first location started in Charlotte, NC, in 2007, the brand is noted as expanding Southeast US market focus, which includes states like NC, SC, GA, AL, TN, and OK. This brand appeals to a broad consumer base, suggesting a wider demographic reach than the more localized QSR brand.

The overarching customer base for Good Times Restaurants Inc. consists of families and individuals looking for convenient, quality meals, segmented by the service style they prefer. The Q1 Fiscal 2025 results showed Bad Daddy's same-store sales increased by 1.5% while Good Times same-store sales were unchanged, indicating different immediate customer traffic patterns across the segments in that period.

Here's a quick look at the recent performance metrics for these two distinct customer segments:

Segment Metric (Q3 FY2025 Ended July 1, 2025)	Good Times (QSR)	Bad Daddy's (Casual Dining)
Same Store Sales Change (Quarterly)	-9.0%	-1.4%
Same Store Sales Change (Year-to-Date)	-4.4%	-1.2%
Approximate Q2 2025 Sales	$9.3 million	$24.8 million
Primary Geographic Focus	Primarily Colorado	Expanding in Southeast US (NC origin)

The Q1 2025 results showed Bad Daddy's margins improved due to menu engineering efforts like the Smash Patty Burgers, which suggests this customer segment is responsive to premium, higher-profitability menu items. Conversely, Good Times margins declined in Q1 2025 due to elevated staffing costs.

• Good Times Q1 2025 Same Store Sales: 0% (unchanged).
• Bad Daddy's Q1 2025 Same Store Sales Increase: 1.5%.
• Good Times Q2 2025 Same Store Sales Decline: 3.6%.
• Bad Daddy's Q2 2025 Same Store Sales Decline: 3.7%.

Finance: draft 13-week cash view by Friday.

Good Times Restaurants Inc. (GTIM) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Good Times Restaurants Inc.'s operations, which is key for understanding margin pressure, especially with the recent commodity and labor inflation trends we've seen.

The cost structure for Good Times Restaurants Inc. is heavily weighted toward direct operating costs, as you'd expect for a multi-brand restaurant operator. For the third quarter of fiscal 2025, the company reported total revenues of $37.0 million.

Here is a breakdown of the key variable costs as a percentage of restaurant sales for Q3 2025:

Cost Category	Percentage of Restaurant Sales (Q3 2025)	Estimated Dollar Amount (Based on $37.0M Q3 Revenue)
Payroll and benefits costs	34.2%	$12,654,000
Food and packaging costs	31.5%	$11,655,000
Restaurant occupancy costs (Rent and utilities)	8.6%	$3,182,000

Labor remains the single largest cost component, coming in at 34.2% of restaurant sales for Q3 2025, which was an increase of 150 basis points from the prior year quarter. Food and packaging costs were also a significant driver, set at 31.5% of sales for the period.

General and administrative (G&A) expenses are managed separately from direct restaurant costs. For the full fiscal year 2025, Good Times Restaurants Inc. is targeting G&A expenses to run between 6% and 7% of full-year revenue. To give you a concrete look at a recent quarter, combined G&A expenses for Q3 2025 were actually reported at 5.9% of total revenues, or $2.2 million.

Capital allocation for physical assets focuses on maintaining and upgrading the existing footprint. The plan for capital expenditures (CapEx) includes specific investments in the Good Times brand:

• 10 Good Times units slated for remodel during fiscal 2025.
• Ongoing maintenance CapEx is generally budgeted at roughly 1% of sales.
• Q3 2025 CapEx incurred was $200,000 related to restaurant remodel and signage projects.

The company is prioritizing finishing this round of Good Times remodels while being more reserved on special project CapEx to accumulate cash reserves.

Good Times Restaurants Inc. (GTIM) - Canvas Business Model: Revenue Streams

You're looking at how Good Times Restaurants Inc. brings in its money as of late 2025. The revenue picture is dominated by direct restaurant sales from its two distinct concepts, Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard.

Total Revenues for Q3 2025 were $37.0 million, which was a 2.4% decrease compared to the fiscal 2024 third quarter. This top-line figure is the sum of sales from both brands plus smaller revenue sources like fees.

The primary revenue driver is the company-owned restaurant operations. Bad Daddy's Burger Bar, positioned as a full-service dining specialty burger bar, generated the maximum revenue segment-wise. The Good Times brand, operating as a quick-service drive-thru concept, contributes the remainder of the core restaurant sales.

Here is the breakdown of the primary revenue components for the third quarter of fiscal 2025:

Revenue Stream Component	Q3 2025 Amount (in millions)
Restaurant sales from Bad Daddy's Burger Bar locations	$26.5 million
Restaurant sales from Good Times Burgers & Frozen Custard locations	$10.4 million
Franchise and licensing fees from non-company-owned units	$0.1 million
Total Revenues	$37.0 million

The structure of the revenue streams reflects the dual-brand strategy. While Bad Daddy's is the larger revenue generator, the company also relies on its established Good Times brand, which has a significant footprint in Colorado. The franchise and licensing fees are a smaller, but important, component of the total revenue picture.

You should also note the performance metrics that impact these sales figures:

• Same store sales for company-owned Bad Daddy's restaurants decreased 1.4% for the quarter.
• Same store sales for company-owned Good Times restaurants decreased 9.0% for the quarter.
• Year-to-date same store sales decreased 1.2% for Bad Daddy's and 4.4% for Good Times.
• The company owned and/or licensed 40 Bad Daddy's restaurants across seven states.
• The company owned and/or franchised 30 Good Times restaurants, with 28 in Colorado.

Sales from alcohol and bar service at Bad Daddy's locations are embedded within the $26.5 million restaurant sales figure, as Bad Daddy's is the full-service concept where bar service is expected. No separate dollar amount for alcohol sales was reported for the quarter.