Good Times Announces Opening of Its First Colorado Bad Daddy’s Burger Bar Restaurant

  Good Times Announces Opening of Its First Colorado Bad Daddy’s Burger Bar
  Restaurant

                         Company Expects More in 2014

Business Wire

GOLDEN, Colo. -- February 5, 2014

Good Times Restaurants Inc. (NASDAQ: GTIM), operator of Good Times Burgers &
Frozen Custard, a regional quick service restaurant chain focused on fresh,
high quality, all natural products and of Bad Daddy’s Burger Bar, a full
service, upscale concept today announced that it opened its first Bad Daddy’s
in Cherry Creek North on Monday, February 3. The Company said it is the first
of several Bad Daddy’s planned for Colorado.

“We are thrilled to have our first Bad Daddy’s up and running in the heart of
Cherry Creek North, which is undergoing a massive amount of new retail, office
and residential development,” said Boyd Hoback, President and CEO. “The trade
area is one of the highest income demographic areas in the state and does not
have a lot of competition in our price range. Our location is a second
generation restaurant space and that always is a different challenge than
going into a new space, but we were able to cost effectively convert it to Bad
Daddy's. We believe it is ideal for the Bad Daddy’s concept and we look
forward to being a part of the community for years to come.”

The menu of Bad Daddy’s Burger Bar, developed by acclaimed restaurateur Frank
Scibelli, consists of high quality, handcrafted burgers made from a
proprietary blend of chuck and brisket with artisanal cheeses, shrimp, turkey
and chicken sandwiches, chopped salads, appetizers, hand cut fries, house made
potato chips and hand spun milk shakes. Customers have their choice of 7
different patty options, over 24 fresh toppings, 10 cheeses and other unique
flavors. Burger toppings include items such as fresh mozzarella, house-made
American cheese, hand breaded applewood smoked bacon, pesto and recipes such
as the “Bad Ass Burger,” “Mama Ricotta’s Burger” and “Emilio’s Chicken
Sandwich.” Chopped Salads include the “Texican Chicken Salad,” the “Tree
Hugger Salad” as well as create your own options for both burgers and salads.

The Cherry Creek location offers a full bar including award winning Colorado
craft microbrews and a great selection of unique cocktails. The 4000 square
foot restaurant has 141 seats, including 15 seats at its bar, and is equipped
with eight large flat-screen TV's. The decor features a 1970’s and 1980’s
“garage retro” theme with concrete floors, galvanized piping and diamond cut
metal and reclaimed barn wood accents. The location has three rollup garage
doors opening onto a patio that will be great for summer happy hours and
evenings.

The Company also reported that it has one other Bad Daddy’s restaurant under
development in Northglenn and several other leases in various stages of
negotiation for development along the front-range of Colorado. “We’ve
identified 16 trade areas along the front range of Colorado and hope to have 8
to 10 Bad Daddy’s open over the next couple of years," said Hoback. "Bad
Daddy’s has been recognized as having one of the best burgers in the country
paired with award winning Colorado craft microbrews and we are excited to
bring it to Colorado.”

About Good Times Restaurants Inc.

Good Times Restaurants Inc. (GTIM) operates Good Times Burgers & Frozen
Custard, a regional chain of quick service restaurants located primarily in
Colorado, in its wholly owned subsidiary, Good Times Drive Thru Inc. Good
Times provides a menu of high quality all natural hamburgers, 100% all natural
chicken tenderloins, fresh frozen custard, fresh cut fries, fresh lemonades
and other unique offerings. Good Times currently operates and franchises 37
restaurants.

GTIM will also own and operate Bad Daddy’s Burger Bar restaurants through its
wholly owned subsidiary, BD of Colorado LLC and will franchise Bad Daddy’s
Burger Bar restaurants through its 48% ownership of Bad Daddy’s Franchise
Development LLC. Bad Daddy’s Burger Bar is a full service, upscale, “small
box” restaurant concept featuring a chef driven menu of gourmet signature
burgers, chopped salads, appetizers and sandwiches with a full bar and a focus
on a selection of craft microbrew beers in a high energy atmosphere that
appeals to a broad consumer base. Bad Daddy’s was founded in Charlotte, North
Carolina.

Good Times Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
federal securities laws. The words “intend,” “may,” “believe,” “will,”
“should,” “anticipate,” “expect,” “seek” and similar expressions are intended
to identify forward-looking statements. These statements involve known and
unknown risks, which may cause the Company’s actual results to differ
materially from results expressed or implied by the forward-looking
statements. These risks include such factors as the uncertain nature of
current restaurant development plans and the ability to implement those plans,
delays in developing and opening new restaurants because of weather, local
permitting or other reasons, increased competition, cost increases or
shortages in raw food products, and other matters discussed under the “Risk
Factors” section of Good Times’ Annual Report on Form 10-K for the fiscal year
ended September 30, 2013 filed with the SEC. Although Good Times may from time
to time voluntarily update its forward-looking statements, it disclaims any
commitment to do so except as required by securities laws.

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Contact:

INVESTOR RELATIONS:
Good Times Restaurants Inc.
Boyd E. Hoback, 303-384-1411
President and CEO
or
Christi Pennington, 303-384-1440
or
Gary Heller, 914-813-8547
or
Porter, LeVay & Rose
Mike Porter, 212-546-4700
 
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