Does the Del Taco financial statement include a balance sheet?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
The estimated values of sublease liabilities totaled approximately $6.0 million. These liabilities have an estimated weighted-average useful life of approximately 15 years and are included in "Other long-term liabilities" in the accompanying consolidated balance sheets.
CONSOLIDATED BALANCE SHEETS
Assets classified as held for sale on our condensed consolidated balance sheets as of January 19, 2025 and September 29, 2024 have carrying amounts of $12.4 million and $16.5 million, respectively. These amounts relate to i) company-owned restaurants to be refranchised, ii) operating restaurant properties which we intend to sell to franchisees and/or sell and leaseback with a third party, and iii) closed restaurant properties which we are marketing for sale.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
Yes, according to the 2025 Del Taco Franchise Disclosure Document, the financial statement includes a consolidated balance sheet. Specifically, Item 21 contains the consolidated balance sheets. The document also mentions that estimated values of sublease liabilities, which totaled approximately $6.0 million with an estimated weighted-average useful life of approximately 15 years, are included in "Other long-term liabilities" in the accompanying consolidated balance sheets.
The inclusion of a consolidated balance sheet is a standard practice in franchise disclosure documents. It provides potential franchisees with a snapshot of the company's assets, liabilities, and equity at a specific point in time. This allows them to assess the financial health and stability of the franchisor, which is a critical factor in evaluating the overall risk and potential of the franchise opportunity.
Furthermore, the FDD includes discussion of assets held for sale on the condensed consolidated balance sheets as of January 19, 2025 and September 29, 2024, which have carrying amounts of $12.4 million and $16.5 million, respectively. These assets relate to company-owned restaurants to be refranchised, operating restaurant properties which Del Taco intends to sell to franchisees and/or sell and leaseback with a third party, and closed restaurant properties which are being marketed for sale.