What was the net value of Del Taco's property and equipment as of September 29, 2024?
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 September 29, 2024, the net value of Del Taco's property and equipment was $430,039. 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 property and equipment were: Land at $93,950, Buildings at $963,699, Restaurant and other equipment at $171,436, and Construction in progress at $49,445, totaling $1,278,530. Accumulated depreciation and amortization totaled $848,491, resulting in the net value of $430,039.
For a prospective franchisee, this indicates the scale of physical assets Del Taco owns and manages. While franchisees will operate their own locations, understanding the corporate asset base can provide insight into the overall financial health and investment in infrastructure of the Del Taco brand. Comparing these figures to previous years can also reveal trends in capital expenditure and depreciation, which may be relevant for assessing the long-term value and stability of the franchise system.