<SEC-DOCUMENT>0000825324-13-000010.txt : 20130107
<SEC-HEADER>0000825324-13-000010.hdr.sgml : 20130107
<ACCEPTANCE-DATETIME>20130104173547
ACCESSION NUMBER:		0000825324-13-000010
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130104
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130107
DATE AS OF CHANGE:		20130104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOOD TIMES RESTAURANTS INC
		CENTRAL INDEX KEY:			0000825324
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				841133368
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-18590
		FILM NUMBER:		13513060

	BUSINESS ADDRESS:	
		STREET 1:		601 CORPORATE CIRCLE
		CITY:			GOLDEN
		STATE:			CO
		ZIP:			80401
		BUSINESS PHONE:		3033841400

	MAIL ADDRESS:	
		STREET 1:		601 CORPORATE CIRCLE
		CITY:			GOLDEN
		STATE:			CO
		ZIP:			80401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PARAMOUNT VENTURES INC
		DATE OF NAME CHANGE:	19900205
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k120purchase.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>.</TITLE>
<META NAME="author" CONTENT="cpenning">
<META NAME="date" CONTENT="01/04/2013">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="_GoBack"></A><DIV style="width:624px"><P style="margin:0px"><BR>
<BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=54 /><TD width=198 /><TD width=192 /><TD width=228 /></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center><B>UNITED STATES</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center><B>FORM 8-K</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center><B>CURRENT REPORT</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center>Date of Report (Date of earliest event reported)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center>January 4, 2013 (December 5, 2012)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center><B>Good Times Restaurants Inc.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center>(Exact name of registrant as specified in its charter)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=252 colspan=2><P style="margin:0px; font-size:11pt" align=center>Nevada</P>
</TD><TD style="margin-top:0px" valign=top width=192><P style="margin:0px; font-size:11pt" align=center>000-18590</P>
</TD><TD style="margin-top:0px" valign=top width=228><P style="margin:0px; font-size:11pt" align=center>84-1133368</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=252 colspan=2><P style="margin:0px; font-size:11pt" align=center>(State or other jurisdiction of incorporation)</P>
</TD><TD style="margin-top:0px" width=192><P style="margin:0px; font-size:11pt" align=center>(Commission File Number)</P>
</TD><TD style="margin-top:0px" valign=top width=228><P style="margin:0px; font-size:11pt" align=center>(IRS Employer Identification No.)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center>601 Corporate Circle, Golden, Colorado 80401</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center>(Address of principal executive offices) &nbsp;&nbsp;(Zip Code)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center>Registrant&#146;s telephone number, including area code: (303) 384-1400</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center>Not applicable</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt" align=center>(Former name or former address, if changed since last report.)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=672 colspan=4><P style="margin:0px; font-size:11pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=54><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=618 colspan=3><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=54><P style="margin:0px; font-size:11pt" align=center>[_]</P>
</TD><TD style="margin-top:0px" valign=top width=618 colspan=3><P style="margin:0px; font-size:11pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=54><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=618 colspan=3><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=54><P style="margin:0px; font-size:11pt" align=center>[_]</P>
</TD><TD style="margin-top:0px" valign=top width=618 colspan=3><P style="margin:0px; font-size:11pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=54><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=618 colspan=3><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=54><P style="margin:0px; font-size:11pt" align=center>[_]</P>
</TD><TD style="margin-top:0px" valign=top width=618 colspan=3><P style="margin:0px; font-size:11pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=54><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=618 colspan=3><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=54><P style="margin:0px; font-size:11pt" align=center>[_]</P>
</TD><TD style="margin-top:0px" valign=top width=618 colspan=3><P style="margin:0px; font-size:11pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:7.333px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=center>1</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style=page-break-before:always;margin-top:0;margin-bottom:-4pt;font-size:4pt /><P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-size:11pt; float:left"><B>Item 1.01</B></P>
<P style="margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-size:11pt" align=justify><B>Entry into a Material Definitive Agreement</B></P>
<P style="margin-top:7.333px; margin-bottom:7.333px; font-size:11pt; clear:left" align=justify>On December 5, 2012, Good Times Restaurants Inc. (the &#147;Company&#148;) entered into a letter agreement (the &#147;Purchase Agreement&#148;) with one of its franchisees, GT Burgers of Colorado, Inc. (&#147;Seller&#148;), pursuant to which the Company agreed, subject to the satisfaction of certain contingencies, to purchase the real and personal property related to the Good Times restaurant in Thorton, Colorado operated by Seller (the &#147;Restaurant Assets&#148;). &nbsp;The Purchase Agreement between the Company and Seller contains customary representations, warranties and indemnification provisions.</P>
<P style="margin-top:7.333px; margin-bottom:7.333px; font-size:11pt" align=justify>The contingencies to the Company&#146;s obligations under the Purchase Agreement were satisfied on December 28, 2012. &nbsp;Accordingly, the Company completed its purchase of the Restaurant Assets from the Seller on December 31, 2012. &nbsp;At the closing, Seller executed and delivered a special warranty deed conveying the real property to the Company and a bill of sale and assignment conveying the personal property to the Company. &nbsp;At the closing, the Company and Seller also entered into a Franchise Termination and Release Agreement, terminating all of Seller&#146;s rights as a franchisee of the Company.</P>
<P style="margin-top:7.333px; margin-bottom:7.333px; font-size:11pt" align=justify>The information reported in Item 2.01 and Item 2.03 of this Current Report on Form 8-K is incorporated herein by this reference.</P>
<P style=margin-top:14.667px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-size:11pt; float:left"><B>Item 2.01</B></P>
<P style="margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-size:11pt" align=justify><B>Completion of Acquisition or Disposition of Assets</B></P>
<P style="margin-top:7.333px; margin-bottom:7.333px; font-size:11pt; clear:left" align=justify>As set forth above, on December 31, 2012, the Company completed its purchase of the Restaurant Assets from Seller for an aggregate purchase price of $1,250,000, of which $650,000 was paid in cash at closing and $600,000 was paid in the form of a promissory note secured by a first priority deed of trust on the real property. &nbsp;The promissory note is described in Item 2.03 below and the information reported in Item 2.03 is incorporated herein by this reference.</P>
<P style=margin-top:14.667px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:11pt; float:left"><B>Item 2.03</B></P>
<P style="margin-top:0px; margin-bottom:7.333px; padding-left:96px; text-indent:-2px; font-size:11pt" align=justify><B>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement </B></P>
<P style="margin-top:7.333px; margin-bottom:7.333px; font-size:11pt; clear:left" align=justify>As set forth above, on December 31, 2012, the Company completed its purchase of the Restaurant Assets from Seller. &nbsp;As partial payment of the purchase price, the Company issued to Seller a promissory note in the principal amount of $600,000. &nbsp;The promissory note bears interest at the rate of 6% per annum. &nbsp;In addition, a principal payment of $250,000 and accrued interest is due and payable by the Company on March 31, 2013, with all remaining principal and accrued interest due and payable on the earlier to occur of September 30, 2013 or the date on which the Company conveys its fee simple interest in the real property to an entity that is unaffiliated with Company. &nbsp;The promissory note is secured by a first priority deed of trust on the real property of the restaurant.</P>
<P style=margin-top:14.667px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-size:11pt; float:left"><B>Item 8.01</B></P>
<P style="margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-size:11pt" align=justify><B>Other Events</B></P>
<P style="margin-top:7.333px; margin-bottom:7.333px; font-size:11pt; clear:left" align=justify>As set forth above, on January 4, 2013, the Company issued a press release announcing purchase of the restaurant assets. A copy of the Company&#146;s press release is filed herewith as Exhibit 99.1 to this Current Report on Form 8-K.</P>
<P style=margin-top:14.667px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-size:11pt; float:left"><B>Item 9.01</B></P>
<P style="margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-size:11pt" align=justify>Financial Statements and Exhibits.</P>
<P style=margin-top:7.333px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; width:108px; font-size:11pt; clear:left; float:left">(d)</P>
<P style="margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-size:11pt" align=justify>Exhibits. &nbsp;The following exhibits are filed as part of this report:</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=72 /><TD width=468 /></TR>
<TR><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; font-size:11pt; clear:left" align=justify>Exhibit</P>
<P style="margin:0px; font-size:11pt" align=justify><U>Number</U></P>
</TD><TD style="margin-top:0px" valign=top width=468><P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=justify><U>Description</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=468><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=72><P style="margin:0px; font-size:11pt" align=justify>99.1</P>
</TD><TD style="margin-top:0px" valign=top width=468><P style="margin:0px; font-size:11pt" align=justify>Company Press Release dated June 19, 2012.</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:7.333px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:7.333px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=center>2</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:7.333px; font-size:11pt; page-break-before:always" align=justify><B>SIGNATURES</B></P>
<P style="margin-top:7.333px; margin-bottom:7.333px; font-size:11pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=319.2 /><TD width=319.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:11pt" align=justify><B>GOOD TIMES RESTAURANTS INC.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:11pt" align=justify>Date: January 4, 2013</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:11pt" align=justify>By<I><U>:/s/ Boyd E. Hoback</U></I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; text-indent:34.8px; font-size:11pt" align=justify>Boyd E. Hoback</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; text-indent:34.8px; font-size:11pt" align=justify>President and Chief Executive Officer</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:7.333px" align=justify><BR></P>
<P style="margin:7.333px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=center>3</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: A70F9C09 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>pressrelease.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>.</TITLE>
<META NAME="date" CONTENT="01/04/2013">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=319.2 /><TD width=319.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:12pt"><B><U>FOR IMMEDIATE RELEASE</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:12pt" align=right><B>News</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:12pt" align=justify><B>January 7, 2013</B></P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:12pt" align=right><B>Nasdaq Capital Market- GTIM</B></P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin-top:8px; margin-bottom:24px; font-size:12pt" align=center><B>GOOD TIMES RESTAURANTS INC. &nbsp;ANNOUNCES PURCHASE OF TOP FRANCHISE RESTAURANT</B></P>
<P style="margin-top:8px; margin-bottom:8px; font-size:12pt" align=justify>(GOLDEN, CO) &nbsp;<FONT style="color:#0000FF"><U>Good Times Restaurants Inc.</U></FONT><FONT style="color:#0000FF"><U></U></FONT> (GTIM) today announced it has acquired the real and personal property related to a high volume restaurant that has been operated by one of its franchisees for a total purchase price of $1,250,000.</P>
<P style="margin-top:8px; margin-bottom:8px; font-size:12pt" align=justify>Boyd Hoback, President and CEO said &#147;This was a great opportunity for our franchisee to take advantage of 2012 tax rates and create a liquidity event based on the hard work he&#146;s put in over the last several years. It&#146;s a great opportunity for us to acquire at a reasonable cost a high volume, very profitable restaurant that has been maintained and operated at a very high level.&#148;</P>
<P style="margin-top:8px; margin-bottom:8px; font-size:12pt" align=justify>The Company said it plans to sell the real estate underlying the restaurant in a sale leaseback transaction that it anticipates will yield approximately $1.1m in net proceeds. &nbsp;Hoback added, &#147;Our return on investment on the operating asset investment will be far in excess of what we could expect to earn on a new restaurant, even net of the royalties we were receiving from our franchisee. &nbsp;It will be immediately accretive and is a part of the overall rationalization of our existing store base to maximize current and future profitability, including the recent sale a few underperforming stores for cash, reimaging and remodeling of older stores and preparing to build new stores in the Colorado market as opportunities become available.&#148;</P>
<P style="margin-top:8px; margin-bottom:8px; font-size:12pt" align=justify>The Company also announced it expects to close on another sale leaseback transaction next week that, in combination with the sale leaseback of the recently purchased franchise restaurant, will enable it to pay down all of its remaining term debt.</P>
<P style="margin-top:14.667px; margin-bottom:7.333px; font-size:11pt" align=justify>Good Times is a regional chain of quick service restaurants located primarily in Colorado providing a menu of high quality all natural hamburgers, 100% breast of chicken sandwiches, fresh frozen custard, fresh cut fries, fresh squeezed lemonades and other unique offerings. &nbsp;Good Times currently operates and franchises 39 restaurants.</P>
<P style="margin-top:10.667px; margin-bottom:10.667px; font-size:8pt" align=justify>This press release contains forward looking statements within the meaning of federal securities laws. &nbsp;The words &#147;intend,&#148; &#147;may,&#148; &#147;believe,&#148; &#147;will,&#148; &#147;should,&#148; &#147;anticipate,&#148; &#147;expect,&#148; &#147;seek&#148; and similar expressions are intended to identify forward looking statements. &nbsp;These statements involve known and unknown risks, which may cause Good Times&#146; actual results to differ materially from results expressed or implied by the forward looking statements. &nbsp;These risks include such factors as the uncertain nature of current restaurant development plans and the ability to implement those plans<B>,</B> 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 &#147;Risk Factors&#148; section of Good Times&#146; Annual Report on Form 10-K for the fiscal year ended September 30, 2012 filed with the SEC. &nbsp;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.</P>
<P style="margin:0px; font-size:12pt" align=justify><B>INVESTOR RELATIONS CONTACTS:</B></P>
<P style="margin:0px; font-size:12pt" align=justify>Good Times Restaurants Inc.</P>
<P style="margin:0px; font-size:12pt" align=justify>Boyd E. Hoback, President and CEO, 303/384-1411</P>
<P style="margin:0px; font-size:12pt" align=justify>Christi Pennington, Executive Assistant, 303/384-1440</P>
<P style="margin:0px" align=justify><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 26244DD7 -->
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
