The provided pages indicate a restaurant-operating company (revenue from customer contracts; cost categories include direct material, labor, restaurant occupancy and other restaurant-related costs) — the actual Business description, customer counts and employee counts were not included in the supplied text.

I can’t summarize what the company does because the text you gave is only a partial table of contents (Part I) and contains no operational or financial details (no description of the business, no customer counts, no employee counts, no revenue or income figures). I will not add any hypotheticals.

What your text does contain
- It is a Part I table of contents listing sections and page numbers:
  - Item 1 — Business (page 3)
  - Item 1A — Risk Factors (page 13)
  - Item 1B — Unresolved Staff Comments (page 21)
  - Item 1C — Cybersecurity (page 21)
  - Item 2 — Properties (page 22)
  - Item 3 — Legal Proceedings (page 22)
  - Item 4 — Mine Safety Disclosures (page 23)

What I need to produce the requested summary
- The actual Business section (Item 1) or other parts of the filing that describe the company’s operations, markets, customers, number of employees, revenue and income.

If you paste the Business section (or other relevant pages) I will produce a specific, detailed markdown summary using only the provided information.

Good Times Restaurants Inc. operates two restaurant brands, offering both full-service dining and quick-service options, while demonstrating strong revenue growth and a focus on operational efficiency.

# Good Times Restaurants Inc. - Company Overview

## Company Profile
- **Name:** Good Times Restaurants Inc.
- **Incorporation:** Nevada corporation, formed on October 6, 1996.
- **Fiscal Year End:** Last Tuesday of September.

## Brands and Operations

### 1. **Bad Daddy's Burger Bar**
- **Concept:** Full-service dining, specialty burger bar.
- **Locations:** 
  - **Total Restaurants Operated:** 40 (39 company-owned, 1 licensed)
  - **States:** North Carolina, Colorado, Georgia, South Carolina, Alabama, Tennessee, Oklahoma.
  - **Example Locations:** 
    - 14 in North Carolina
    - 10 in Colorado
    - 5 in Georgia
- **Menu Highlights:** High-quality 1855 Black Angus® beef burgers, customizable options, full bar with craft cocktails.
- **Target Audience:** Family-friendly environment, appealing to both dine-in and off-premises customers.
- **Sales Per Transaction:** Approximately $37.
  
### 2. **Good Times Burgers & Frozen Custard**
- **Concept:** Drive-thru quick-service restaurant focused on fresh, all-natural ingredients.
- **Locations:** 
  - **Total Restaurants Operated:** 30 (27 company-owned, 3 franchised)
  - **States:** Primarily Colorado, with expansions in Wyoming.
- **Menu Highlights:** Fresh burgers, all-natural beef and chicken, frozen custard, breakfast offerings.
- **Customer Base:** Quick-service with an emphasis on speed (average transaction time <3 minutes).
- **Same Store Sales Growth:** 
  - Increased by 2.9% in fiscal 2024.
  - Average annual same-store sales growth of 4.4% over the past ten years.

## Financial Overview (Fiscal 2024)
- **Net Revenues:** 
  - $142.3 million, an increase of $4.2 million (3.0%) from $138.2 million in fiscal 2023.
- **Operating Income:** Reported income in fiscal 2024, but specific figures not disclosed.
- **Cash on Hand:** $3.9 million.
- **Long-term Debt:** $0.8 million, primarily associated with Cadence Credit Facility ($500,000 drawn).
- **Employees:** Approximately 2,110 active employees (1,879 hourly and 231 salaried).

## Recent Developments
- **Macro Economic Factors:** 
  - Inflation impacts are being monitored; adjusting prices to maintain profitability.
  - Potential economic weakness could affect sales and customer traffic.
- **Strategic Goals:**
  - Continue organic growth in same-store sales and profitability.
  - Focus on disciplined expansion of Bad Daddy’s locations.
  - Enhance operational efficiencies and cost controls across both brands.

## Conclusion
Good Times Restaurants Inc. operates two distinct brands in the restaurant industry, targeting different market segments through Bad Daddy's Burger Bar and Good Times Burgers & Frozen Custard. Strong revenue growth, brand recognition, and a dedicated workforce contribute to the company's potential for further expansion and profitability despite competitive market challenges.

Good Times Restaurants Inc.

10-K / December 29, 2025

10-K / December 12, 2024

10-K / December 29, 2025