What was the net value of Del Taco's property and equipment as of October 1, 2023?
Del_Taco Franchise · 2025 FDDAnswer 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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, as of October 1, 2023, the net value of Del Taco's property and equipment was $412,030. This figure represents the original cost of the company's land, buildings, restaurant equipment, and construction in progress, less accumulated depreciation and amortization.
Specifically, the gross values for these assets were: land at $92,007, buildings at $968,221, restaurant and other equipment at $166,714, and construction in progress at $31,647, totaling $1,258,589. Accumulated depreciation and amortization reduced this total by $846,559, resulting in the net value of $412,030.
For a prospective Del Taco franchisee, this indicates the scale of investment in physical assets that Del Taco maintains. While franchisees will likely have their own investments in property and equipment for their individual locations, this figure provides context as to the overall asset base of the company. Understanding the depreciation and amortization practices can also be useful for franchisees as they manage their own assets and financial reporting.