Good Times Restaurants Announces The Purchase Of Membership Interests From Its Partners In Five Bad Daddy’S Burger Bar Restaurants
Acquiring Company
Good Times Restaurants
Acquired Company
Membership Interests
GoldenFood and BeverageFood And BeverageHospitalityDescription
Good Times Restaurants Inc. (Nasdaq: GTIM), operator of the Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard restaurant brands, today reported its purchase of the limited liability company membership interests from its partners in five previous joint-venture Bad Daddy’s restaurants in Winston-Salem, Fayetteville, Greenville and Greensboro, North Carolina and Greenville, South Carolina. Each joint-venture entity is now wholly-owned by the Company. The aggregate cash purchase price of approximately $4.4 million was funded out of cash reserves.
Quick answer
Good Times Restaurants is acquiring Membership Interests, announced January 30, 2023. Good Times Restaurants is based in Golden, Colorado, United States.
- How much did Good Times Restaurants pay for Membership Interests?
- The deal value was not disclosed.
- What does Good Times Restaurants do?
- Good Times Restaurants Inc. (GTIM) owns, operates, and licenses 41 Bad Daddy’s Burger Bar restaurants through its wholly-owned subsidiaries.
- Where are Good Times Restaurants and Membership Interests based?
- Good Times Restaurants is based in Golden, Colorado, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Membership Interests?
Membership Interests was acquired by Good Times Restaurants, based in Golden. The deal was reported on January 30, 2023. Good Times Restaurants Inc. (GTIM) owns, operates, and licenses 41 Bad Daddy’s Burger Bar restaurants through its wholly-owned subsidiaries. Good Times Restaurants is publicly traded (GTIM) and operates in Food and Beverage.
When did Good Times Restaurants acquire Membership Interests?
Good Times Restaurants's acquisition of Membership Interests was reported on January 30, 2023. Good Times Restaurants Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Membership Interests do?
Membership Interests is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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