table_specific

What was the net value of property and equipment for Del Taco as of September 29, 2024?

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

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.

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.