Good Times Restaurants Announces the Purchase of the Good Times Locations in Broomfield and Northglenn, Colorado
Good Times Restaurants Inc. (NASDAQ: GTIM) has acquired two Good Times Burgers & Frozen Custard locations in Broomfield and Northglenn, Colorado from a franchisee. The restaurants underwent a brief two-day closure for upgrades, including new digital menu boards and next-generation point-of-sale systems. The company plans to remodel these locations within the next 18-24 months as part of their system refresh initiative.
Good Times Restaurants Inc. (NASDAQ: GTIM) ha acquisito due locali di Good Times Burgers & Frozen Custard a Broomfield e Northglenn, Colorado, da un franchisee. I ristoranti hanno subito una breve chiusura di due giorni per aggiornamenti, inclusi nuovi menu digitali e sistemi di punto vendita di nuova generazione. L'azienda prevede di ristrutturare questi locali nei prossimi 18-24 mesi come parte della loro iniziativa di rinnovamento del sistema.
Good Times Restaurants Inc. (NASDAQ: GTIM) ha adquirido dos ubicaciones de Good Times Burgers & Frozen Custard en Broomfield y Northglenn, Colorado, de un franquiciado. Los restaurantes sufrieron un breve cierre de dos días para mejoras, que incluyeron nuevos menús digitales y sistemas de punto de venta de última generación. La compañía planea remodelar estas ubicaciones dentro de los próximos 18-24 meses como parte de su iniciativa de renovación del sistema.
굿 타임 레스토랑 주식회사 (NASDAQ: GTIM)는 콜로라도 브룸필드와 노스글렌에 있는 두 개의 굿 타임 버거 & 프로즌 커스터드 매장을 프랜차이즈로부터 인수했습니다. 이 레스토랑들은 새로운 디지털 메뉴 보드와 차세대 POS 시스템을 포함한 업그레이드를 위해 이틀 간의 짧은 휴업을 했습니다. 회사는 시스템 리프레시 이니셔티브의 일환으로 향후 18-24개월 내에 이러한 매장을 리모델링할 계획입니다.
Good Times Restaurants Inc. (NASDAQ: GTIM) a acquis deux emplacements de Good Times Burgers & Frozen Custard à Broomfield et Northglenn, Colorado, auprès d'un franchisé. Les restaurants ont été fermés pendant deux jours pour des améliorations, y compris de nouveaux tableaux de menus numériques et des systèmes de point de vente de nouvelle génération. L'entreprise prévoit de remodeler ces emplacements dans les 18 à 24 mois à venir dans le cadre de son initiative de modernisation du système.
Good Times Restaurants Inc. (NASDAQ: GTIM) hat zwei Standorte von Good Times Burgers & Frozen Custard in Broomfield und Northglenn, Colorado, von einem Franchise-Nehmer übernommen. Die Restaurants mussten für ein kurzes Upgrade von zwei Tagen schließen, einschließlich neuer digitaler Menütafeln und modernster Kassensysteme. Das Unternehmen plant, diese Standorte im Rahmen seiner Systemerneuerungsinitiative innerhalb der nächsten 18-24 Monate umzubauen.
- Expansion of company-owned restaurant portfolio through acquisition of two franchise locations
- Implementation of technological upgrades including digital menu boards and new POS systems
- Planned remodeling initiative to enhance restaurant facilities
- Temporary revenue loss during two-day closure for upgrades
- Future capital expenditure required for planned remodeling
Insights
The acquisition of two franchised locations in Colorado marks a strategic move for Good Times Restaurants. This consolidation strengthens their company-owned portfolio and provides direct control over operations and revenue streams. The immediate implementation of digital upgrades and POS systems indicates a commitment to modernization and operational efficiency. Key investment considerations include:
- Increased revenue capture from previously franchised locations
- Planned remodeling investment showcasing commitment to asset improvement
- Technology upgrades suggesting focus on operational efficiency and customer experience
Ryan Zink, President and CEO, said, “We are thrilled to add two more Good Times Burgers & Frozen Custard restaurants to our company owned and operated portfolio. We are also proud to have completed the menu board and point of sale initiatives throughout the state of
About Good Times Restaurants Inc.: Good Times Restaurants Inc., through its wholly owned subsidiaries, owns, operates and franchises 30 Good Times Burgers & Frozen Custard restaurants primarily in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241023997893/en/
GOOD TIMES RESTAURANTS INC CONTACTS:
Ryan M. Zink, President and Chief Executive Officer (303) 384-1411
Christi Pennington (303) 384-1440
Source: Good Times Restaurants Inc.
FAQ
How many Good Times restaurants did GTIM acquire in Colorado?
What upgrades were implemented at the newly acquired GTIM locations?
When will GTIM remodel the newly acquired Broomfield and Northglenn locations?
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