Good Times Restaurants Announces the Purchase of Membership Interests From Its Partners in Five Bad Daddy's Burger Bar Restaurants

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Jan 30, 2023

Good+Times+Restaurants+Inc. (Nasdaq: GTIM), operator of the Bad+Daddy%26rsquo%3Bs+Burger+Bar and Good+Times+Burgers+%26amp%3B+Frozen+Custard restaurant brands, today reported its purchase of the limited liability company membership interests from its partners in five previous joint-venture Bad Daddy’s restaurants in Winston-Salem, Fayetteville, Greenville and Greensboro, North Carolina and Greenville, South Carolina. Each joint-venture entity is now wholly-owned by the Company. The aggregate cash purchase price of approximately $4.4 million was funded out of cash reserves.