Good Times Enters Series of Agreements with Bad Daddy's

Good Times Restaurants Inc. GTIM today announced that it has entered into a series of agreements with Bad Daddy's International LLC and Bad Daddy's Franchise Development LLC for the exclusive development rights for Bad Daddy's Burger Bar restaurants in Colorado, additional development rights for Arizona and Kansas, and the ownership of 48% of the franchisor entity, Bad Daddy's Franchise Development LLC. The Company said that it will develop and operate new Bad Daddy's Burger Bar restaurants through a wholly owned subsidiary under a license agreement with Bad Daddy's Franchise Development LLC with its first restaurants planned in Denver, Colorado in 2013. Good Times will own 48% of the franchisor and will provide the franchisor with management services to it under a separate Management Services Agreement.