Good
Times Restaurants Inc. (NASDAQ: GTIM), a regional restaurant company
focused on developing Good Times Burgers & Frozen Custard restaurants
and Bad Daddy’s Burger Bar restaurants, today announced it has hired
Bill McClintock as Vice President of Franchise Development for Bad
Daddy’s Franchise Development LLC (“BDFD”). BDFD is jointly owned by Bad
Daddy’s International and Good Times Restaurants Inc. and was created to
expand the brand across the United States, targeting multi-unit
developers who are experienced in the restaurant business. Good Times
Restaurants Inc. manages BDFD through a management agreement.
McClintock has spent 27 years in franchise sales and development,
including 10 years as Vice President of Franchise Sales and Real Estate
at Buffalo Wild Wings, Inc., where he took the brand from 50 restaurants
to more than 500 and participated as the average sales increased to over
$2.5 million. McClintock also served as Vice President of Franchising
for McAlister’s Deli and most recently was Senior Vice President of
Development for Diversified Restaurant Holdings, Inc. (DRH), which
operates Bagger Dave’s Burger Tavern and is the largest franchisee of
Buffalo Wild Wings.
Commenting on the hiring of McClintock, President & CEO Boyd Hoback
said, “After an extensive search for a high capacity executive, we are
thrilled to have Bill on board to lead our franchising efforts as we
ramp up our development of Bad Daddy’s. Not only does he bring a wealth
of knowledge, a deep reservoir of contacts and is highly skilled at site
selection, he is a great fit with our values and vision for developing
the Bad Daddy’s brand on a super-regional and even national scale.”
Bad
Daddy’s Burger Bar is a full service, upscale, “small box”
restaurant featuring a chef driven menu of gourmet 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. There
are four restaurants open in North Carolina and a fifth in the Charlotte
airport operated by HMS Host. There are three additional restaurants
expected to open by the December 2013.
Good Times is a regional chain of quick service restaurants located
primarily in Colorado providing a menu of high quality all natural
hamburgers, 100% all natural tenderloin chicken sandwiches, fresh frozen
custard, fresh cut fries, fresh lemonades and other unique offerings.
Good Times currently operates and franchises 38 restaurants.
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 Good Times’
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, 2012 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.
Copyright Business Wire 2013