Subsequent Events

3 Months Ended

Dec. 27, 2022

Subsequent Events [Abstract]

Subsequent Events

Note 17. Subsequent Events

On January 24, 2023, the Company and Cadence amended the Cadence Credit Facility to extend its expiration date to provide consent for the acquisition of certain non-controlling interests in five Bad Daddy’s restaurant joint-ventures and to provide EBITDA credit with respect to those acquired interests.

On January 25, 2023, the Company acquired all of the membership interests in five Bad Daddy’s restaurant joint-ventures that it did not already own. The Company’s remaining non-controlling interests are attributed to a limited partnership with ownership of five Good Times restaurants in which the Company and the non-controlling partner each own 50%. The aggregate cash purchase price paid to the Sellers was $4,394,205.