What is the fiscal year end date for Del Taco, as referenced in Table 19-2?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
Presented below are the (i) average sales and (ii) average operating figures before rent and real estate taxes, for the freestanding company-owned Del Taco restaurants that had been operating for at least 12 months, as of the end of each of the 2020 to 2024 fiscal years. At the end of our most recent fiscal year ended September 29, 2024, we had a total of 133 company-owned restaurants. Of those, 124 constitute freestanding restaurants, and 116 of them have operated for more than one year. These freestanding company-owned Del Taco restaurants operate in California (105), Florida (1), and Oklahoma (10). A significant number of the freestanding company-owned Del Taco restaurants included in Table 19-2 and 19-2-A are located in geographic areas where the Del Taco brand is well known and established—for example, 105 of 116 (or 90.5%) company-owned restaurants included in Table 19-2 are located in California. Company-owned restaurants do not pay royalties but, like franchisees, do pay a marketing fee equal to 4% of net sales. Company-owned Del Taco restaurants offer and sell the same or substantially the same products and services as offered and sold by franchised Del Taco restaurants. Except as otherwise noted, in our experience, there are no material differences, whether from economies of scale or otherwise, in the costs or expenses incurred or paid by company-owned Del Taco restaurants as compared to franchised Del Taco restaurants.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 47–54)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, Table 19-2 contains financial performance representations for company-owned restaurants. The table includes data from the 2020 to 2024 fiscal years. The document specifies that the most recent fiscal year ended on September 29, 2024. This date is relevant for understanding the financial data presented in the table, as it marks the end of the period for which the data was collected and analyzed.
Specifically, the financial performance data in Table 19-2 includes average sales and average operating figures before rent and real estate taxes for freestanding company-owned Del Taco restaurants. To be included in the table, these restaurants must have been operating for at least 12 months as of the end of each fiscal year. For example, at the end of the fiscal year ending September 29, 2024, there were 133 company-owned restaurants, with 124 being freestanding and 116 having operated for more than one year.
The geographic distribution of these restaurants is also noted, with a significant concentration in California. This concentration could influence the overall financial performance due to regional market conditions and brand recognition. The company-owned restaurants, while not paying royalties like franchisees, do pay a marketing fee equal to 4% of net sales, which is a factor to consider when comparing their performance to that of franchised locations. The FDD indicates that there are generally no material differences in costs or expenses between company-owned and franchised Del Taco restaurants, except as otherwise noted.