M&A
confidence high
sentiment neutral
materiality 0.35
Good Times Restaurants acquires Parker, CO location from franchisee; amends credit agreement
Good Times Restaurants Inc.
- Purchased the Good Times Burgers & Frozen Custard location in Parker, Colorado from franchisee JGN Management (John Felton) on May 22, 2024.
- First Amendment to Credit Agreement with Cadence Bank consented to acquisition and allowed seller financing.
- Plans to install digital menu boards, POS system, new signage, awnings, and landscaping over the next few months.
- Expanded operating hours immediately upon taking over the restaurant.