Market Overview

Good Times Restaurants Acquires Top Franchise Restaurant

Good
Times Restaurants (NASDAQ: GTIM) today announced it has
acquired the real and personal property related to a high volume
restaurant that has been operated by one of its franchisees for a total
purchase price of $1,250,000.

Boyd Hoback, President and CEO, said, “This was a great opportunity for
our franchisee to take advantage of 2012 tax rates and create a
liquidity event based on the hard work he's put in over the last several
years. It's a great opportunity for us to acquire at a reasonable cost a
high volume, very profitable restaurant that has been maintained and
operated at a very high level.”

The Company

See full press release

Posted-In: News Guidance Management

 

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