Good Times Restaurants (GTIM) 10-Q1 Aug 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Jun. 25, 2024	Jul. 23, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Jun. 25, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Information [Line Items]
Entity Registrant Name	Good Times Restaurants Inc.
Entity Central Index Key	0000825324
Entity File Number	0-18590
Entity Tax Identification Number	84-1133368
Entity Incorporation, State or Country Code	NV
Current Fiscal Year End Date	--09-26
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	651 CORPORATE CIRCLE
Entity Address, City or Town	GOLDEN
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80401
Entity Phone Fax Numbers [Line Items]
City Area Code	(303)
Local Phone Number	384-1400
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock $.001 par value
Trading Symbol	GTIM
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		10,752,803

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 25, 2024	Sep. 26, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 4,819	$ 4,182
Receivables	782	769
Prepaid expenses and other	662	163
Inventories	1,446	1,407
Total current assets	7,709	6,521
PROPERTY AND EQUIPMENT:
Land and building	6,103	5,722
Leasehold improvements	39,241	38,191
Fixtures and equipment	34,328	33,040
Total property and equipment	79,672	76,953
Less accumulated depreciation and amortization	(56,721)	(53,917)
Total net property and equipment	22,951	23,036
OTHER ASSETS:
Operating lease right-of-use assets, net	37,728	40,007
Deferred tax assets	11,781	11,583
Deposits and other assets	259	277
Trademarks	3,900	3,900
Other intangibles, net	36	51
Goodwill	5,713	5,713
Total other assets	59,417	61,531
TOTAL ASSETS:	90,077	91,088
CURRENT LIABILITIES:
Current maturities of long-term debt	30
Accounts payable	2,884	2,585
Deferred revenue	187	67
Operating lease liabilities, current	6,176	5,787
Other accrued liabilities	7,266	6,451
Total current liabilities	16,543	14,890
LONG-TERM LIABILITIES:
Maturities of long-term debt	1,100	750
Operating lease liabilities, net of current portion	39,307	42,332
Deferred revenues and other liabilities	109	122
Total long-term liabilities	40,516	43,204
Good Times Restaurants Inc. shareholders’ equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of June 25, 2024 and September 26, 2023
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; and 10,769,803 and 11,446,587 outstanding as of June 25, 2024 and September 26, 2023, respectively	13	13
Capital contributed in excess of par value	56,807	56,701
Treasury stock, at cost; 2,207,630 and 1,530,846 shares as of June 25, 2024 and September 26, 2023, respectively	(6,697)	(4,908)
Accumulated deficit	(17,852)	(19,235)
Total Good Times Restaurants Inc. shareholders’ equity	32,271	32,571
Non-controlling interests	747	423
Total shareholders’ equity	33,018	32,994
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 90,077	$ 91,088

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Jun. 25, 2024	Sep. 26, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, outstanding
Preferred stock, issued
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,977,433	12,977,433
Common stock, shares outstanding	10,769,803	11,446,587
Treasury stock at cost, shares	2,207,630	1,530,846

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 25, 2024	Jun. 27, 2023	Jun. 25, 2024	Jun. 27, 2023
Total net revenues	$ 37,942	$ 35,632	$ 106,521	$ 103,829
RESTAURANT OPERATING COSTS:
Food and packaging costs	11,698	10,923	32,624	32,185
Payroll and other employee benefit costs	12,635	11,940	36,525	35,477
Restaurant occupancy costs	2,580	2,432	7,698	7,318
Other restaurant operating costs	5,195	4,811	15,028	14,129
Preopening costs		80		110
Depreciation and amortization	960	919	2,813	2,740
Total restaurant operating costs	33,068	31,105	94,688	91,959
General and administrative costs	2,680	2,377	7,791	7,070
Advertising costs	749	751	2,665	2,423
Impairment of long-lived assets	199	965	199	1,041
Loss (gain) on restaurant and equipment asset sales	18	(10)	12	(32)
Litigation contingencies			(332)
INCOME FROM OPERATIONS:	1,228	444	1,498	1,368
Interest and other expense, net	(27)	(18)	(101)	(56)
NET INCOME BEFORE INCOME TAXES:	1,201	426	1,397	1,312
Provision for income taxes	197	551	198	10,503
NET INCOME:	1,398	977	1,595	11,815
Income attributable to non-controlling interests	(77)	(135)	(212)	(479)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 1,321	$ 842	$ 1,383	$ 11,336
NET INCOME PER SHARE, ATTRIBUTABLE TO COMMON SHAREHOLDERS:
Basic (in Dollars per share)	$ 0.12	$ 0.07	$ 0.12	$ 0.96
Diluted (in Dollars per share)	$ 0.12	$ 0.07	$ 0.12	$ 0.95
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in Shares)	10,933,758	11,700,044	11,149,181	11,853,441
Diluted (in Shares)	11,034,487	11,769,286	11,246,353	11,910,491
Restaurant sale
Revenues	$ 37,742	$ 35,376	$ 105,953	$ 103,123
Franchise revenues
Revenues	$ 200	$ 256	$ 568	$ 706

Consolidated Statements of Shar

Consolidated Statements of Shareholders’ Equity (Unaudited) - USD ($) $ in Thousands	Treasury Stock, at cost	Common Stock	Capital Contributed in Excess of Par Value	Non- Controlling Interest In Partnerships	Accumulated Deficit	Total
BALANCES at Sep. 27, 2022	$ (2,634)	$ 13	$ 59,427	$ 1,303	$ (30,321)	$ 27,788
BALANCES (in Shares) at Sep. 27, 2022	692,798	12,274,351
Stock-based compensation cost			46			46
Restricted stock unit vesting			(92)			(92)
Restricted stock unit vesting (in Shares)		8,284
Stock option exercise			5			5
Stock option exercise (in Shares)		2,000
Repurchases of common stock	$ (873)					(873)
Repurchases of common stock (in Shares)	371,395	(371,395)
Non-controlling interests:
Contributions				13		13
Income				222		222
Distributions				(172)		(172)
Net income attributable to Good Times Restaurants Inc and comprehensive income					(127)	(127)
BALANCES at Dec. 27, 2022	$ (3,507)	$ 13	59,386	1,366	(30,448)	26,810
BALANCES (in Shares) at Dec. 27, 2022	1,064,193	11,913,240
Stock-based compensation cost			43			43
Repurchases of common stock	$ (467)					(467)
Repurchases of common stock (in Shares)	166,890	(166,890)
Non-controlling interests:
Income				122		122
Distributions				(294)		(294)
Purchase of non-controlling interests			(2,675)	(831)		(3,506)
Net income attributable to Good Times Restaurants Inc and comprehensive income					10,621	10,621
BALANCES at Mar. 28, 2023	$ (3,974)	$ 13	56,754	363	(19,827)	33,329
BALANCES (in Shares) at Mar. 28, 2023	1,231,083	11,746,350
Stock-based compensation cost			14			14
Repurchases of common stock	$ (380)					(380)
Repurchases of common stock (in Shares)	123,623	(123,623)
Non-controlling interests:
Income				135		135
Distributions				(97)		(97)
Net income attributable to Good Times Restaurants Inc and comprehensive income					842	842
BALANCES at Jun. 27, 2023	$ (4,354)	$ 13	56,768	401	(18,985)	33,843
BALANCES (in Shares) at Jun. 27, 2023	1,354,706	11,622,727
BALANCES at Sep. 26, 2023	$ (4,908)	$ 13	56,701	423	(19,235)	32,994
BALANCES (in Shares) at Sep. 26, 2023	1,530,846	11,446,587
Stock-based compensation cost			38			38
Repurchases of common stock	$ (438)					(438)
Repurchases of common stock (in Shares)	160,772	(160,772)
Non-controlling interests:
Income				73		73
Distributions				(29)		(29)
Net income attributable to Good Times Restaurants Inc and comprehensive income					(556)	(556)
BALANCES at Dec. 26, 2023	$ (5,346)	$ 13	56,739	467	(19,791)	32,082
BALANCES (in Shares) at Dec. 26, 2023	1,691,618	11,285,815
BALANCES at Sep. 26, 2023	$ (4,908)	$ 13	56,701	423	(19,235)	32,994
BALANCES (in Shares) at Sep. 26, 2023	1,530,846	11,446,587
Non-controlling interests:
Contributions						200
Income						212
Net income attributable to Good Times Restaurants Inc and comprehensive income						1,383
BALANCES at Jun. 25, 2024	$ (6,697)	$ 13	56,807	747	(17,852)	33,018
BALANCES (in Shares) at Jun. 25, 2024	2,207,630	10,769,803
BALANCES at Dec. 26, 2023	$ (5,346)	$ 13	56,739	467	(19,791)	32,082
BALANCES (in Shares) at Dec. 26, 2023	1,691,618	11,285,815
Stock-based compensation cost			40			40
Repurchases of common stock	$ (646)					(646)
Repurchases of common stock (in Shares)	252,496	(252,496)
Non-controlling interests:
Income				62		62
Distributions				(21)		(21)
Net income attributable to Good Times Restaurants Inc and comprehensive income					618	618
BALANCES at Mar. 26, 2024	$ (5,992)	$ 13	56,779	508	(19,173)	32,135
BALANCES (in Shares) at Mar. 26, 2024	1,944,114	11,033,319
Stock-based compensation cost			28			28
Repurchases of common stock	$ (705)					(705)
Repurchases of common stock (in Shares)	263,516	(263,516)
Non-controlling interests:
Contributions				200		200
Income				77		77
Distributions				(38)		(38)
Net income attributable to Good Times Restaurants Inc and comprehensive income					1,321	1,321
BALANCES at Jun. 25, 2024	$ (6,697)	$ 13	$ 56,807	$ 747	$ (17,852)	$ 33,018
BALANCES (in Shares) at Jun. 25, 2024	2,207,630	10,769,803

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 25, 2024	Jun. 27, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,595	$ 11,815
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,883	2,809
Net change in operating lease right-of-use assets and liabilities	(544)	(451)
Recognition of deferred gain on sale of restaurant building	(29)	(76)
Impairment of long-lived assets	199	1,041
Loss on disposal of assets	30	44
Stock-based compensation expense	106	103
Provision for income taxes	(198)	(10,510)
Changes in operating assets and liabilities:
Receivables and other	(15)	(35)
Prepaid expense	(499)	(513)
Inventories	(27)	34
Deposits and other	18	(119)
Accounts payable	276	444
Deferred income	138	24
Accrued and other liabilities	803	97
Net cash provided by operating activities	4,736	4,707
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for the purchase of property and equipment	(2,282)	(3,178)
Acquisition of restaurant from franchisee, net of cash acquired	(534)
Proceeds from sale of fixed assets	14
Net cash used in investing activities	(2,802)	(3,178)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from long-term debt	1,380
Payments on long-term debt	(1,000)
Repurchases of common stock	(1,789)	(1,720)
Payments for restricted stock vesting settled in cash		(92)
Proceeds from stock option exercise		5
Purchase of non-controlling interests		(4,394)
Contributions from non-controlling interests	200	13
Distributions to non-controlling interests	(88)	(563)
Net cash used in financing activities	(1,297)	(6,751)
NET CHANGE IN CASH AND CASH EQUIVALENTS	637	(5,222)
CASH AND CASH EQUIVALENTS, beginning of period	4,182	8,906
CASH AND CASH EQUIVALENTS, end of period	4,819	3,684
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	69	15
Change in accounts payable attributable to the purchase of property and equipment	$ (23)	$ (50)

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Jun. 25, 2024
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Good Times Restaurants Inc. (the “Company”) and its wholly owned subsidiaries as well as one partnership in which the Company is the general partner, and five limited liability companies in which the Company is the sole owner following the January 2023 purchase of the membership interests of the previously joint-venture restaurants. All significant intercompany balances and transactions have been eliminated in consolidation. The Company owns a 50% interest in a limited partnership which owns six Good Times restaurants, is the sole general partner, and receives a management fee prior to any distributions to the limited partner. Because the Company owns an approximate 50% interest in the partnership and exercises complete management control over all decisions for the partnership, except for certain veto rights, the financial statements of the partnership are consolidated into the Company’s consolidated financial statements. The Company operates and licenses full-service restaurants under the brand Bad Daddy’s Burger Bar The Company operates and franchises drive-thru fast-food hamburger restaurants under the brand Good Times Burgers & Frozen Custard The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles (United States) (“GAAP”) for interim financial information. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all of the normal recurring adjustments necessary to present fairly the financial position of the Company as of June 25, 2024 and the results of its operations and its cash flows for the fiscal quarters ended June 25, 2024 and June 27, 2023. Operating results for the fiscal quarter ended June 25, 2024 are not necessarily indicative of the results that may be expected for the year ending September 24, 2024. The condensed consolidated balance sheet as of September 26, 2023 is derived from the audited financial statements but does not include all disclosures required by GAAP. As a result, these condensed consolidated financial statements should be read in conjunction with the Company’s Form 10-K for the fiscal year ended September 26, 2023. Fiscal Year Reclassification Advertising Costs Receivables Receivables consist of the following as of: June 25, 2024 September 26, 2023 Third party delivery partners $ 304 $ 269 Vendor rebates and incentives 298 185 Third party retailers 141 291 Franchise and other 39 24 Total $ 782 $ 769

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Jun. 25, 2024
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Note 2. Recent Accounting Pronouncements ASU 2023-07–Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures was issued November 2023 and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. It is to be applied retrospectively. The Company expects to retrospectively implement ASU 2023-07 in fiscal year 2025 and does not anticipate that it will have a material effect on the Company’s consolidated financial statements. The Company reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact on the Company’s consolidated financial statements.

Revenue

Revenue	9 Months Ended
Revenue	Jun. 25, 2024
Revenue [Abstract]
Revenue	Note 3. Revenue Revenue Recognition. The Company recognizes revenues in the form of restaurant sales at the time of the sale when payment is made by the customer, as the Company has completed its performance obligation, namely the provision of food and beverage, and the accompanying customer service, during the customer’s visit to the restaurant. The Company sells gift cards to customers and recognizes revenue from gift cards primarily in the form of restaurant revenue. Gift card breakage, which is recognized when the likelihood of a gift card being redeemed is remote, is determined based upon the Company’s historic redemption patterns, and is immaterial to our overall financial statements. Late in fiscal 2023, the Company began operating a loyalty program known as GT Rewards. With each purchase, GT Rewards members earn loyalty points that can be redeemed in the future for free products. Activity related to the new reward program is immaterial to the Company’s financial statements for the quarter and year-to-date periods ended June 25, 2024 and June 27, 2023. Revenues we receive from our franchise and license agreements include sales-based royalties and, from our franchise agreements, may also include Advertising Fund contributions, area development fees, and franchisee fees. We recognize sales-based royalties and advertising fund contributions from franchisees and licensees as the underlying sales occur. The Company also provides its franchisees with services associated with opening new restaurants and operating them under franchise and development agreements in exchange for area development and franchise fees. The Company would capitalize these fees upon receipt from the franchisee and then would amortize those over the contracted franchise term as the services comprising the performance obligations are satisfied. We have not received material development or franchise fees in the years presented, and the primary performance obligations under existing franchise and development agreements have been satisfied prior to the earliest period presented in our financial statements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
Goodwill and Intangible Assets	Jun. 25, 2024
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	Note 4. Goodwill and Intangible Assets The following table presents goodwill and intangible assets as of June 25, 2024 and September 26, 2023 (in thousands): June 25, 2024 September 26, 2023 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization: Non-compete agreements $ 50 $ (26 ) $ 24 $ 50 $ (14 ) $ 36 Reacquired franchise rights $ 15 $ (3 ) $ 12 $ 15 $ - $ 15 $ 65 $ (29 ) $ 36 $ 65 $ (14 ) $ 51 Indefinite-lived intangible assets: Trademarks $ 3,900 $ - $ 3,900 $ 3,900 $ - $ 3,900 Intangible assets, net $ 3,965 $ (29 ) $ 3,936 $ 3,965 $ (14 ) $ 3,951 Goodwill $ 5,713 $ - $ 5,713 $ 5,713 $ - $ 5,713 Intangible assets subject to amortization primarily consist of non-compete agreements associated with prior restaurant purchases. The aggregate amortization expense related to these intangible assets subject to amortization was $15,000 for the three quarters ended June 25, 2024 and $6,000 for the three quarters ended June 27, 2023. As of both June 25, 2024 and June 27, 2023, the Company had $96,000 of goodwill attributable to the Good Times reporting unit and $5,617,000 of goodwill attributable to its Bad Daddy’s reporting unit. The Company had no goodwill impairment losses in the periods presented in the above table.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Jun. 25, 2024
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 5. Stock-Based Compensation The Company has traditionally maintained incentive compensation plans that include provisions for the issuance of equity-based awards. The Company established the 2008 Omnibus Equity Incentive Compensation Plan in 2008 (the “2008 Plan”) and has outstanding awards that were issued under the 2008 Plan. Subsequently, the 2008 Plan expired in 2018 and the Company established a new plan, the 2018 Omnibus Equity Incentive Plan (the “2018 Plan”) during the 2018 fiscal year, which was approved by shareholders on May 24, 2018. Future awards will be issued under the 2018 Plan. On February 8, 2022 the Company’s shareholders approved a proposal to increase the number of shares available for issuance under the 2018 Plan from 900,000 to 1,050,000, which currently represents the maximum number of shares available for issuance under the 2018 Plan. Stock-based compensation is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the requisite service period (generally the vesting period of the grant). The Company recognizes the impact of forfeitures as they occur. For the quarters ended June 25, 2024 and June 27, 2023, we recognized $28,000 and $14,000, respectively, related to stock-based compensation arrangements. Our net income for the three quarters ended June 25, 2024 and June 27, 2023 includes $106,000 and $104,000, respectively, of compensation costs related to our stock-based compensation arrangements.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
Prepaid Expenses and Other Current Assets	Jun. 25, 2024
Prepaid Expense and Other Current Assets [Abstract]
Prepaid expenses and other current assets	Note 6. Prepaid expenses and other current assets Prepaid expenses and other current assets consist of the following as of: June 25, 2024 September 26, 2023 Prepaid insurance $ 290 $ - Prepaid software licenses and maintenance contracts 180 88 Prepaid licenses and permits 82 42 Other 110 33 Total $ 662 $ 163

Other Accrued Liabilities

Other Accrued Liabilities	9 Months Ended
Other Accrued Liabilities	Jun. 25, 2024
Other Accrued Liabilities [Abstract]
Other Accrued Liabilities	Note 7. Other Accrued Liabilities Other accrued liabilities consist of the following as of: June 25, 2024 September 26, 2023 Wages and other employee benefits $ 3,207 $ 2,893 Gift card liability, net of breakage 1,511 1,108 Taxes, other than income taxes 1,388 1,275 General expense accrual and other 1,160 1,175 Total $ 7,266 $ 6,451

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	9 Months Ended
Notes Payable and Long-Term Debt	Jun. 25, 2024
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	Note 8. Notes Payable and Long-Term Debt Cadence Credit Facility. The Company and its wholly owned subsidiaries (the “Subsidiaries”) maintain an amended and restated credit agreement with Cadence Bank (“Cadence”). Pursuant to the credit agreement, as amended to date, Cadence agreed to loan the Company up to $8,000,000, with a maturity date of April 20, 2028 (the “Cadence Credit Facility”). The Cadence Credit Facility amended and restated the Company’s prior credit facility with Cadence in its entirety. The Cadence Credit Facility accrues commitment fees on the daily unused balance of the facility at a rate of 0.25%. Each of the Subsidiaries are guarantors of the Cadence Credit Facility. Proceeds from the Cadence Credit Facility, if and when drawn, may be used (i) to fund new restaurant development, (ii) to finance the buyout of non-controlling partners in certain restaurants, (iii) to finance the redemption, purchase or other acquisition of equity interests in the Company and (iv) for working capital and other general corporate purposes. The Cadence Credit Facility includes customary affirmative and negative covenants and events of default. The Cadence Credit Facility also requires the Company to maintain various financial condition ratios, including minimum liquidity, an amended maximum leverage ratio and an amended minimum fixed charge coverage ratio. In addition, to the extent the aggregate outstanding balance under the revolver under the Cadence Credit Facility As of June 25, 2024 the weighted average interest rate applicable to borrowings under the Cadence Credit Facility was 8.42%. As a result of entering into the Cadence Credit Facility and the various amendments, the Company paid loan origination costs including professional fees of approximately $299,000 and is amortizing these costs over the term of the credit agreement. As of June 25, 2024, the unamortized balance of these fees was $102,000. In connection with the Cadence Credit Facility, the Company and the Subsidiaries entered into an Amended and Restated Security and Pledge Agreement (the “Security Agreement”) with Cadence. Under the Security Agreement, the Cadence Credit Facility is secured by a first priority security interest in substantially all the assets of the Company and the Subsidiaries. As of June 25, 2024, there were $750,000 of borrowings against the facility, all of which is due during the fiscal year ending September 26, 2028 and is classified as a long-term liability in the accompanying balance sheet. Availability of the Cadence Credit Facility for borrowings is reduced by the outstanding face value of any letters of credit issued under the facility. As of June 25, 2024, there were approximately $10,000 in outstanding letters of credit issued under the facility, and approximately $7,240,000 of committed funds available. Total interest expense on notes payable was $24,000 and $0 for the quarters ended June 25, 2024 and June 27, 2023, respectively. Parker Promissory Note.

Earnings per Common Share

Earnings per Common Share	9 Months Ended
Earnings per Common Share	Jun. 25, 2024
Earnings per Common Share [Abstract]
Earnings per Common Share	Note 9. Earnings per Common Share Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive securities for this calculation consist of in-the-money outstanding stock options, restricted stock units (which were assumed to have been exercised at the average market price of the common shares during the reporting period). The treasury stock method is used to measure the dilutive impact of in-the-money stock options. The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding: Quarter Ended Year-to-Date June 25, 2024 June 27, 2023 June 25, 2024 June 27, 2023 Weighted-average shares outstanding basic 10,933,758 11,700,044 11,149,181 11,853,441 Effect of potentially dilutive securities: Stock options 11,479 19,242 7,922 7,050 Restricted stock units 89,250 50,000 89,250 50,000 Weighted-average shares outstanding diluted 11,034,487 11,769,286 11,246,353 11,910,491 Excluded from diluted weighted average shares outstanding: Antidilutive 345,623 345,691 345,623 354,024

Contingent Liabilities and Liqu

Contingent Liabilities and Liquidity	9 Months Ended
Contingent Liabilities and Liquidity	Jun. 25, 2024
Contingent Liabilities and Liquidity [Abstract]
Contingent Liabilities and Liquidity	Note 10. Contingent Liabilities and Liquidity There may be various claims in process, matters in litigation, and other contingencies brought against the Company by employees, vendors, customers, franchisees, or other parties. Evaluating these contingencies is a complex process that may involve substantial judgment on the potential outcome of such matters, and the ultimate outcome of such contingencies may differ from our current analysis. We regularly review the adequacy of accruals and disclosures related to such contingent liabilities in consultation with legal counsel. While it is not possible to predict the outcome of these claims with certainty, it is management’s opinion that any reasonably possible losses associated with such contingencies have been adequately accrued or would be immaterial to our financial statements.

Leases

Leases	9 Months Ended
Leases	Jun. 25, 2024
Leases [Abstract]
Leases	Note 11. Leases The Company determines if a contract contains a lease at inception. The Company’s material long-term operating lease agreements are for the land and buildings for our restaurants as well as our corporate office. The initial lease terms range from 10 to 20 years, most of which include renewal options of 10 to 15 years. Components of operating lease costs are as follows for the fiscal quarters ended June 25, 2024 and June 27, 2023: Lease cost Classification June 25, 2024 June 27, 2023 Operating lease cost Occupancy, Other restaurant operating costs and General and administrative expenses, net $ 1,876 $ 1,824 Variable lease cost Occupancy 19 60 Sublease income Occupancy (132 ) (137 ) $ 1,763 $ 1,747 Weighted average lease term and discount rate are as follows: June 25, 2024 June 27, 2023 Weighted average remaining lease term (in years) 7.52 8.16 Weighted average discount rate 5.2 % 5.0 % Supplemental cash flow disclosures: June 25, 2024 June 27, 2023 Cash paid for operating lease liabilities $ 5,817 $ 5,771 Non-cash operating lease assets obtained in exchange for $ 933 $ 1,201 Future minimum rent payments for our operating leases as of June 25, 2024 are as follows: Total One Year $ 8,402 Two Years 8,066 Three Years 7,754 Four Years 7,202 Five Years 5,867 Thereafter 17,952 Total minimum lease payments 55,243 Less: imputed interest (9,760 ) Present value of lease liabilities $ 45,483 The above future minimum rental amounts exclude the amortization of deferred lease incentives, renewal options that are not reasonably assured of renewal, and contingent rent. The Company generally has escalating rents over the term of the leases and records rent expense on a straight-line basis.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets and Trademarks	9 Months Ended
Impairment of Long-Lived Assets and Trademarks	Jun. 25, 2024
Impairment of Long-Lived Assets and Trademarks [Abstract]
Impairment of Long-Lived Assets and Trademarks	Note 12. Impairment of Long-Lived Assets and Trademarks Long-Lived Assets. There were impairments of $199,000 in the three quarters ended June 25, 2024, related primarily to lease right-of-use assets and new assets deployed in restaurants where impairment was previously assessed, and the Company’s current analysis indicated impairment of assets associated with those restaurants. During the three quarters ended June 27, 2023, there were impairments of $1,041,000. Trademarks.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Jun. 25, 2024
Income Taxes [Abstract]
Income Taxes	Note 13. Income Taxes We account for income taxes using the liability method, whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. The deferred tax assets are reviewed periodically for recoverability and valuation allowances are adjusted as necessary. The Company’s effective income tax rate for the three periods ended June 25, 2024 was (15.21%), an increase from the effective income tax rate of (189.98%) for the three periods ended June 27, 2023. The increase is due to the additional release of the Company’s valuation allowance in the prior year quarter, and an increase in book income. The Company’s effective tax rate for the nine periods ended June 25, 2024 was (15.09%), an increase from an effective income tax rate of (1,261.02%) for the nine periods ended June 27, 2023. The increase is due to the Company’s valuation allowance release that occurred during the prior year. The Company is subject to taxation in various jurisdictions within the United States. The Company continues to remain subject to examination by United States federal authorities for the years 2021 through 2023. The Company believes that its income tax filing positions and deductions will be sustained upon audit and does not anticipate any adjustments that will result in a material adverse effect on the Company’s financial condition, results of operations, or cash flows. Therefore, no reserves for uncertain income tax positions have been recorded. The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. No accrual for interest and penalties was considered necessary as of June 25, 2024.

Non-controlling Interests

Non-controlling Interests	9 Months Ended
Non-controlling Interests	Jun. 25, 2024
Non-controlling Interests [Abstract]
Non-controlling Interests	Note 14. Non-Controlling Interests Non-controlling interests are presented as a separate item in the shareholders’ equity section of the condensed consolidated balance sheet. The amount of consolidated net income or loss attributable to non-controlling interests is presented on the face of the condensed consolidated statement of operations. Changes in a parent’s ownership interest in a subsidiary that do not result in deconsolidation are equity transactions, while changes in ownership interest that do result in deconsolidation of a subsidiary require gain or loss recognition based on the fair value on the deconsolidation date. The equity interests of the unrelated limited partners and non-controlling members are shown on the accompanying consolidated balance sheet in the shareholders’ equity section as a non-controlling interest and is adjusted each period to reflect the limited partners’ and non-controlling members’ share of the net income or loss as well as any cash contributions or distributions to or from the limited partners and non-controlling members for the period. The limited partners’ and members’ share of the net income or loss in the subsidiary is shown as income or expense attributable to non-controlling interests in the accompanying consolidated statement of operations. All inter-company accounts and transactions are eliminated. The following table summarizes the activity in non-controlling interests during the three quarters ended June 25, 2024 (in thousands): Total Balance at September 26, 2023 $ 423 Income 212 Contributions 200 Distributions (88 ) Balance at June 25, 2024 $ 747 Non-controlling interests at the quarter ended June 25, 2024 consisted of one joint-venture partnership involving six Good Times restaurants, in which the Company is the general partner and owns a 50.0% interest.

Segment Reporting

Segment Reporting	9 Months Ended
Segment Reporting	Jun. 25, 2024
Segment Reporting [Abstract]
Segment Reporting	Note 15. Segment Reporting All of our Bad Daddy’s compete in the full-service segment of the restaurant industry while our Good Times compete in the quick-service segment of the restaurant industry. We believe that providing this additional financial information for each of our brands will provide a better understanding of our overall operating results. Income (loss) from operations represents revenues less restaurant operating costs and expenses, directly allocable general and administrative expenses, and other restaurant-level expenses directly associated with each brand including depreciation and amortization, pre-opening costs and losses or gains on disposal of property and equipment. Unallocated corporate capital expenditures are presented below as reconciling items to the amounts presented in the consolidated financial statements. The following tables present information about our reportable segments for the respective periods (in thousands): Quarter Ended (13 Weeks) Year-to-Date (39 Weeks) June 25, 2024 June 27, 2023 June 25, 2024 June 27, 2023 Revenues: Bad Daddy’s $ 27,410 $ 26,161 $ 78,107 $ 77,795 Good Times 10,532 9,471 28,414 26,034 $ 37,942 $ 35,632 $ 106,521 $ 103,829 Income (loss) from operations: Bad Daddy’s $ 388 $ (946 ) $ 7 $ (277 ) Good Times 840 $ 1,390 1,491 $ 1,645 $ 1,228 $ 444 $ 1,498 $ 1,368 Capital expenditures: Bad Daddy’s $ 481 $ 1,295 $ 968 $ 1,901 Good Times 1,264 302 1,871 1,277 $ 1,745 $ 1,597 $ 2,839 $ 3,178 June 25, 2024 September 26, 2023 Property and equipment, net: Bad Daddy’s $ 17,747 $ 18,053 Good Times 5,204 4,983 $ 22,951 $ 23,036 Total assets: Bad Daddy’s $ 65,319 $ 67,720 Good Times 24,758 23,368 $ 90,077 $ 91,088

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Jun. 25, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events On July 29, 2024, the Company settled an investigation conducted by the United States Department of Justice related to alleged violations of the Americans with Disabilities Act with respect to an incident at one of the Company’s restaurants. All expected payments in association with this settlement have been adequately accrued as of the quarter ended June 25, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 25, 2024	Mar. 26, 2024	Dec. 26, 2023	Jun. 27, 2023	Mar. 28, 2023	Dec. 27, 2022	Jun. 25, 2024	Jun. 27, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,321	$ 618	$ (556)	$ 842	$ 10,621	$ (127)	$ 1,383	$ 11,336

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 25, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
Accounting Policies, by Policy (Policies)	Jun. 25, 2024
Basis of Presentation [Abstract]
Recent Accounting Pronouncements	ASU 2023-07–Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures was issued November 2023 and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. It is to be applied retrospectively. The Company expects to retrospectively implement ASU 2023-07 in fiscal year 2025 and does not anticipate that it will have a material effect on the Company’s consolidated financial statements. The Company reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact on the Company’s consolidated financial statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
Basis of Presentation (Tables)	Jun. 25, 2024
Basis of Presentation [Abstract]
Schedule of Receivables Consist	Receivables consist of the following as of: June 25, 2024 September 26, 2023 Third party delivery partners $ 304 $ 269 Vendor rebates and incentives 298 185 Third party retailers 141 291 Franchise and other 39 24 Total $ 782 $ 769

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
Goodwill and Intangible Assets (Tables)	Jun. 25, 2024
Goodwill and Intangible Assets [Abstract]
Schedule of Goodwill and Intangible Assets	The following table presents goodwill and intangible assets as of June 25, 2024 and September 26, 2023 (in thousands): June 25, 2024 September 26, 2023 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization: Non-compete agreements $ 50 $ (26 ) $ 24 $ 50 $ (14 ) $ 36 Reacquired franchise rights $ 15 $ (3 ) $ 12 $ 15 $ - $ 15 $ 65 $ (29 ) $ 36 $ 65 $ (14 ) $ 51 Indefinite-lived intangible assets: Trademarks $ 3,900 $ - $ 3,900 $ 3,900 $ - $ 3,900 Intangible assets, net $ 3,965 $ (29 ) $ 3,936 $ 3,965 $ (14 ) $ 3,951 Goodwill $ 5,713 $ - $ 5,713 $ 5,713 $ - $ 5,713

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
Prepaid Expenses and Other Current Assets (Tables)	Jun. 25, 2024
Prepaid Expense and Other Current Assets [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following as of: June 25, 2024 September 26, 2023 Prepaid insurance $ 290 $ - Prepaid software licenses and maintenance contracts 180 88 Prepaid licenses and permits 82 42 Other 110 33 Total $ 662 $ 163

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	9 Months Ended
Other Accrued Liabilities (Tables)	Jun. 25, 2024
Other Accrued Liabilities [Abstract]
Schedule of Other Accrued Liabilities	Other accrued liabilities consist of the following as of: June 25, 2024 September 26, 2023 Wages and other employee benefits $ 3,207 $ 2,893 Gift card liability, net of breakage 1,511 1,108 Taxes, other than income taxes 1,388 1,275 General expense accrual and other 1,160 1,175 Total $ 7,266 $ 6,451

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
Earnings per Common Share (Tables)	Jun. 25, 2024
Earnings per Common Share [Abstract]
Schedule of Reconciles Basic Weighted-Average Shares Outstanding to Diluted Weighted-Average Shares Outstanding	The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding: Quarter Ended Year-to-Date June 25, 2024 June 27, 2023 June 25, 2024 June 27, 2023 Weighted-average shares outstanding basic 10,933,758 11,700,044 11,149,181 11,853,441 Effect of potentially dilutive securities: Stock options 11,479 19,242 7,922 7,050 Restricted stock units 89,250 50,000 89,250 50,000 Weighted-average shares outstanding diluted 11,034,487 11,769,286 11,246,353 11,910,491 Excluded from diluted weighted average shares outstanding: Antidilutive 345,623 345,691 345,623 354,024

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Jun. 25, 2024
Leases [Abstract]
Schedule of components of operating lease costs	Components of operating lease costs are as follows for the fiscal quarters ended June 25, 2024 and June 27, 2023: Lease cost Classification June 25, 2024 June 27, 2023 Operating lease cost Occupancy, Other restaurant operating costs and General and administrative expenses, net $ 1,876 $ 1,824 Variable lease cost Occupancy 19 60 Sublease income Occupancy (132 ) (137 ) $ 1,763 $ 1,747
Schedule of weighted average lease term and discount rate	Weighted average lease term and discount rate are as follows: June 25, 2024 June 27, 2023 Weighted average remaining lease term (in years) 7.52 8.16 Weighted average discount rate 5.2 % 5.0 %
Schedule of supplemental cash flow disclosures	Supplemental cash flow disclosures: June 25, 2024 June 27, 2023 Cash paid for operating lease liabilities $ 5,817 $ 5,771 Non-cash operating lease assets obtained in exchange for $ 933 $ 1,201
Schedule of future minimum rent payments for our operating leases	Future minimum rent payments for our operating leases as of June 25, 2024 are as follows: Total One Year $ 8,402 Two Years 8,066 Three Years 7,754 Four Years 7,202 Five Years 5,867 Thereafter 17,952 Total minimum lease payments 55,243 Less: imputed interest (9,760 ) Present value of lease liabilities $ 45,483

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	9 Months Ended
Non-controlling Interests (Tables)	Jun. 25, 2024
Non-controlling Interests [Abstract]
Schedule of Activity in Non-Controlling Interests	The following table summarizes the activity in non-controlling interests during the three quarters ended June 25, 2024 (in thousands): Total Balance at September 26, 2023 $ 423 Income 212 Contributions 200 Distributions (88 ) Balance at June 25, 2024 $ 747

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
Segment Reporting (Tables)	Jun. 25, 2024
Segment Reporting [Abstract]
Schedule of Reportable Segments	The following tables present information about our reportable segments for the respective periods (in thousands): Quarter Ended (13 Weeks) Year-to-Date (39 Weeks) June 25, 2024 June 27, 2023 June 25, 2024 June 27, 2023 Revenues: Bad Daddy’s $ 27,410 $ 26,161 $ 78,107 $ 77,795 Good Times 10,532 9,471 28,414 26,034 $ 37,942 $ 35,632 $ 106,521 $ 103,829 Income (loss) from operations: Bad Daddy’s $ 388 $ (946 ) $ 7 $ (277 ) Good Times 840 $ 1,390 1,491 $ 1,645 $ 1,228 $ 444 $ 1,498 $ 1,368 Capital expenditures: Bad Daddy’s $ 481 $ 1,295 $ 968 $ 1,901 Good Times 1,264 302 1,871 1,277 $ 1,745 $ 1,597 $ 2,839 $ 3,178 June 25, 2024 September 26, 2023 Property and equipment, net: Bad Daddy’s $ 17,747 $ 18,053 Good Times 5,204 4,983 $ 22,951 $ 23,036 Total assets: Bad Daddy’s $ 65,319 $ 67,720 Good Times 24,758 23,368 $ 90,077 $ 91,088

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($)	9 Months Ended
Basis of Presentation (Details) - USD ($)	Jun. 25, 2024	Jun. 27, 2023
Basis of Presentation (Details) [Line Items]
Advertising funds from franchisees	$ 144,000	$ 212,000
Good Times Restaurants [Member]
Basis of Presentation (Details) [Line Items]
Percentage of interest	50%
Management Control [Member]
Basis of Presentation (Details) [Line Items]
Percentage of interest	50%

Basis of Presentation (Detail_2

Basis of Presentation (Details) - Schedule of Receivables - USD ($) $ in Thousands	Jun. 25, 2024	Sep. 26, 2023
Basis of Presentation (Details) - Schedule of Receivables [Line Items]
Receivable net current	$ 782	$ 769
Third party delivery partners [Member]
Basis of Presentation (Details) - Schedule of Receivables [Line Items]
Receivable net current	304	269
Vendor rebates and incentives [Member]
Basis of Presentation (Details) - Schedule of Receivables [Line Items]
Receivable net current	298	185
Third party retailers [Member]
Basis of Presentation (Details) - Schedule of Receivables [Line Items]
Receivable net current	141	291
Franchise and other [Member]
Basis of Presentation (Details) - Schedule of Receivables [Line Items]
Receivable net current	$ 39	$ 24

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($)	9 Months Ended
Goodwill and Intangible Assets (Details) - USD ($)	Jun. 25, 2024	Jun. 27, 2023	Sep. 26, 2023
Goodwill and Intangible Assets [Line Items]
Amortization expense	$ 15,000	$ 6,000
Goodwill	5,713,000		$ 5,713,000
Good Times Reporting Unit [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 96,000	$ 5,617,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Details) - Schedule of Goodwill and Intangible Assets - USD ($) $ in Thousands	Jun. 25, 2024	Sep. 26, 2023
Intangible assets subject to amortization:
Goodwill, Gross Carrying Amount	$ 5,713	$ 5,713
Goodwill, Accumulated Amortization
Goodwill, Net Carrying Amount	5,713	5,713
Non-compete agreements [Member]
Intangible assets subject to amortization:
Goodwill, Gross Carrying Amount	50	50
Goodwill, Accumulated Amortization	(26)	(14)
Goodwill, Net Carrying Amount	24	36
Reacquired franchise rights [Member]
Intangible assets subject to amortization:
Goodwill, Gross Carrying Amount	15	15
Goodwill, Accumulated Amortization	(3)
Goodwill, Net Carrying Amount	12	15
Intangible assets subject to amortization [Member]
Intangible assets subject to amortization:
Goodwill, Gross Carrying Amount	65	65
Goodwill, Accumulated Amortization	(29)	(14)
Goodwill, Net Carrying Amount	36	51
Trademarks [Member]
Intangible assets subject to amortization:
Goodwill, Gross Carrying Amount	3,900	3,900
Goodwill, Accumulated Amortization
Goodwill, Net Carrying Amount	3,900	3,900
Intangible assets, net [Member]
Intangible assets subject to amortization:
Goodwill, Gross Carrying Amount	3,965	3,965
Goodwill, Accumulated Amortization	(29)	(14)
Goodwill, Net Carrying Amount	$ 3,936	$ 3,951

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	3 Months Ended		9 Months Ended
Stock-Based Compensation (Details) - USD ($)	Jun. 25, 2024	Jun. 27, 2023	Jun. 25, 2024	Jun. 27, 2023	Feb. 08, 2022
Stock-Based Compensation [Line Items]
Stock-based compensation expense	$ 28,000	$ 14,000	$ 106,000	$ 104,000
Minimum [Member]
Stock-Based Compensation [Line Items]
Shares available for issuance (in Shares)					900,000
Maximum [Member]
Stock-Based Compensation [Line Items]
Shares available for issuance (in Shares)					1,050,000

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - Schedule of Prepaid Expenses and Other Current Assets - USD ($) $ in Thousands	Jun. 25, 2024	Sep. 26, 2023
Schedule of Prepaid Expenses and Other Current Assets [Abstract]
Prepaid insurance	$ 290
Prepaid software licenses and maintenance contracts	180	88
Prepaid licenses and permits	82	42
Other	110	33
Total	$ 662	$ 163

Other Accrued Liabilities (Deta

Other Accrued Liabilities (Details) - Schedule of Other Accrued Liabilities - USD ($) $ in Thousands	Jun. 25, 2024	Sep. 26, 2023
Schedule of Other Accrued Liabilities [Abstract]
Wages and other employee benefits	$ 3,207	$ 2,893
Gift card liability, net of breakage	1,511	1,108
Taxes, other than income taxes	1,388	1,275
General expense accrual and other	1,160	1,175
Total	$ 7,266	$ 6,451

Notes Payable and Long-Term D_2

Notes Payable and Long-Term Debt (Details) - USD ($)			9 Months Ended
Notes Payable and Long-Term Debt (Details) - USD ($)	Jun. 25, 2024	Jun. 27, 2023	Jun. 25, 2024	Apr. 20, 2028
Notes Payable and Long-Term Debt [Line Items]
Committed funds	$ 7,240,000
Total interest expense on notes payable	24,000	$ 0
Parker Promissory Note [Member]
Notes Payable and Long-Term Debt [Line Items]
Borrowings credit facility			5%
Outstanding principal balance	380,000
Cadence Credit Facility [Member]
Notes Payable and Long-Term Debt [Line Items]
Interest rate			0.25%
Aggregate outstanding balance			$ 4,000,000
Borrowings credit facility			8.42%
Professional fees			$ 299,000
Unamortized balance	102,000		102,000
Borrowings facility	750,000		750,000
Outstanding letters of credit issued	$ 10,000		$ 10,000
Cadence Bank [Member]
Notes Payable and Long-Term Debt [Line Items]
Maturity date			Apr. 20, 2028
Forecast [Member] \| Cadence Bank [Member]
Notes Payable and Long-Term Debt [Line Items]
Cadence agreed loan				$ 8,000,000

Earnings per Common Share (Deta

Earnings per Common Share (Details) - Schedule of Reconciles Basic Weighted-Average Shares Outstanding to Diluted Weighted-Average Shares Outstanding - shares	3 Months Ended		9 Months Ended
	Jun. 25, 2024	Jun. 27, 2023	Jun. 25, 2024	Jun. 27, 2023
Earnings per Common Share (Details) - Schedule of Reconciles Basic Weighted-Average Shares Outstanding to Diluted Weighted-Average Shares Outstanding [Line Items]
Weighted-average shares outstanding basic	10,933,758	11,700,044	11,149,181	11,853,441
Effect of potentially dilutive securities:
Stock options	11,479	19,242	7,922	7,050
Restricted stock units	89,250	50,000	89,250	50,000
Weighted-average shares outstanding diluted	11,034,487	11,769,286	11,246,353	11,910,491
Excluded from diluted weighted average shares outstanding:
Antidilutive	345,623	345,691	345,623	354,024

Leases (Details)

Leases (Details)	Jun. 25, 2024
Minimum [Member]
Leases [Line Items]
Lease renewal term	10 years
Initial lease term	10 years
Maximum [Member]
Leases [Line Items]
Lease renewal term	15 years
Initial lease term	20 years

Leases (Details) - Schedule of

Leases (Details) - Schedule of components of operating lease costs - USD ($) $ in Thousands	Jun. 25, 2024	Jun. 27, 2023
Schedule of Components of Operating Lease Costs [Abstract]
Operating lease cost	$ 1,876	$ 1,824
Variable lease cost	19	60
Sublease income	(132)	(137)
Total	$ 1,763	$ 1,747

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of weighted average lease term and discount rate	Mar. 28, 2023	Mar. 29, 2022
Schedule of Weighted Average Lease Term and Discount Rate [Abstract]
Weighted average remaining lease term (in years)	7 years 6 months 7 days	8 years 1 month 28 days
Weighted average discount rate	5.20%	5%

Leases (Details) - Schedule o_3

Leases (Details) - Schedule of supplemental cash flow disclosures - USD ($) $ in Thousands	Jun. 25, 2024	Jun. 27, 2023
Schedule of Supplemental Cash Flow Disclosures [Abstract]
Cash paid for operating lease liabilities	$ 5,817	$ 5,771
Non-cash operating lease assets obtained in exchange for operating lease liabilities	$ 933	$ 1,201

Leases (Details) - Schedule o_4

Leases (Details) - Schedule of future minimum rent payments for our operating leases $ in Thousands	Jun. 25, 2024 USD ($)
Schedule of Future Minimum Rent Payments For Our Operating Leases [Abstract]
One Year	$ 8,402
Two Years	8,066
Three Years	7,754
Four Years	7,202
Five Years	5,867
Thereafter	17,952
Total minimum lease payments	55,243
Less: imputed interest	(9,760)
Present value of lease liabilities	$ 45,483

Impairment of Long-Lived Asse_2

Impairment of Long-Lived Assets and Trademarks (Details) - USD ($)	9 Months Ended
	Jun. 25, 2024	Jun. 27, 2023
Impairment of Long-Lived Assets and Trademarks [Line Items]
Asset impairments	$ 199,000	$ 1,041,000

Income Taxes (Details)

Income Taxes (Details)	1 Months Ended		9 Months Ended
Income Taxes (Details)	Jun. 25, 2024	Jun. 27, 2023	Jun. 25, 2024	Jun. 27, 2023
Income Tax [Abstract]
Effective income tax rate	15.21%	189.98%	15.09%	1,261.02%

Non-controlling Interests (Deta

Non-controlling Interests (Details)	Jun. 25, 2024
Good Times Restaurants [Member]
Noncontrolling Interest [Line Items]
Percentage of non-controlling interests	50%

Non-controlling Interests (De_2

Non-controlling Interests (Details) - Schedule of Activity in Non-Controlling Interests - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 25, 2024	Dec. 27, 2022	Jun. 25, 2024	Jun. 27, 2023
Schedule of Summarizes the Activity in Non-Controlling Interests [Abstract]
Balance at September 26, 2023			$ 423
Income			212
Contributions	$ 200	$ 13	200
Distributions			(88)	$ (563)
Balance at June 25, 2024	$ 747		$ 747

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of Reportable Segments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 25, 2024	Jun. 27, 2023	Jun. 25, 2024	Jun. 27, 2023	Sep. 26, 2023
Revenues:
Total Revenues	$ 37,942	$ 35,632	$ 106,521	$ 103,829
Income (loss) from operations:
Total Income (Loss) from operations	1,228	444	1,498	1,368
Capital expenditures:
Total Capital expenditures	1,745	1,597	2,839	3,178
Property and equipment, net:
Total Property and equipment, net	22,951		22,951		$ 23,036
Total assets:
Total assets	90,077		90,077		91,088
Bad Daddy’s [Member]
Revenues:
Revenues	27,410	26,161	78,107	77,795
Income (loss) from operations:
Total Income (Loss) from operations	388	(946)	7	(277)
Capital expenditures:
Total Capital expenditures	481	1,295	968	1,901
Property and equipment, net:
Total Property and equipment, net	17,747		17,747		18,053
Total assets:
Total assets	65,319		65,319		67,720
Good Times [Member]
Revenues:
Revenues	10,532	9,471	28,414	26,034
Income (loss) from operations:
Total Income (Loss) from operations	840	1,390	1,491	1,645
Capital expenditures:
Total Capital expenditures	1,264	$ 302	1,871	$ 1,277
Property and equipment, net:
Total Property and equipment, net	5,204		5,204		4,983
Total assets:
Total assets	$ 24,758		$ 24,758		$ 23,368