What was the net value of property and equipment for Del Taco 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 1,278,530 | 31,647 1,258,589 |
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 property and equipment as of September 29, 2024, was $430,039. This figure represents the original cost of Del Taco's land, buildings, restaurant equipment, and construction in progress, less any accumulated depreciation and amortization. For comparison, the net value of property and equipment on October 1, 2023, was $412,030.
Specifically, the 'property and equipment, at cost' was calculated by summing the value of land ($93,950), buildings ($963,699), restaurant and other equipment ($171,436), and construction in progress ($49,445), totaling $1,278,530. From this total, accumulated depreciation and amortization ($848,491) was subtracted to arrive at the net value of $430,039.
This information is relevant for prospective franchisees as it provides insight into the tangible assets owned by Del Taco. While franchisees will typically lease their restaurant locations and equipment, understanding the scale of Del Taco's corporate assets can offer a sense of the company's financial stability and investment in its operations. It's important to note that these figures reflect the company's overall holdings and not necessarily the specific assets of an individual franchise location.