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What was the net value of Del Taco's intangible assets as of October 1, 2023?

Del_Taco Franchise · 2025 FDD

Answer from 2025 FDD Document

auditor since 1986.

San Diego, California November 20, 2024

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

Se September 29, 2024 October 1, 2023
ASSETS
Current assets:
Cash $ 24,745 $ 157,653
Restricted cash 29,422 28,254
Accounts and other receivables, net 83,567 99,678
Inventories 3,922 3,896
Prepaid expenses 13,126 16,911
Current assets held for sale 16,493 13,925
Other current assets 10,002 5,667
Total current assets ···· 181,277 325,984
Property and equipment, at cost:
Land 93,950 92,007
Buildings 963,699 968,221
Restaurant and other equipment 171,436 166,714
Construction in progress 49,445 1,278,530 31,647 1,258,589
Less accumulated depreciation and amortization (848,491) (846,559
Property and equipment, net 430,039 412,030
Other assets:
Operating lease right-of-use assets 1,410,083 1,397,555
Intangible assets, net 10,515 11,330
Trademarks

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)

What This Means (2025 FDD)

According to Del Taco's 2025 Franchise Disclosure Document, the net value of intangible assets was $11.330 million as of October 1, 2023. These assets are categorized under 'Other assets' on the balance sheet. Intangible assets typically include items like franchise agreements, trademarks, and other non-physical assets that provide economic value to the company.

For a prospective Del Taco franchisee, understanding the value and composition of these intangible assets is crucial. These assets contribute to the overall financial health and brand strength of Del Taco. The value of intangible assets can fluctuate due to factors like brand performance, market conditions, and strategic decisions made by the company. Goodwill, another intangible asset, was significantly higher at $329.986 million on the same date but is listed separately from 'Intangible assets, net.'

The FDD also provides a breakdown of definite-lived intangible assets, such as sublease assets and franchise contracts. Sublease assets had a net amount of $2,051 thousand as of October 1, 2023, while franchise contracts had a net amount of $8,146 thousand. These assets are subject to amortization, which reduces their value over time. Monitoring these figures can help a franchisee assess the stability and long-term prospects of the Del Taco brand.

It's important for potential franchisees to review the notes to the consolidated financial statements for more detailed information on how these intangible assets are valued and managed. Understanding these assets and their impact on Del Taco's financial performance can inform a franchisee's investment decision and business strategy.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.