What was the reported operating lease cost for Del Taco in 2022?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
et*, in the notes to the condensed consolidated financial statement.
The following table summarizes the number of restaurants acquired from franchisees and the gains recognized for the sixteen weeks ended January 21, 2024 (dollars in thousands):
| Restaurants acquired from Del Taco franchisees | 9 |
|---|---|
| Purchase price (1) | $ (86) |
| Closing and acquis |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, when Del Taco acquired restaurants from franchisees in 2022, the operating lease right-of-use assets were valued at $3,211,000 and the operating lease liabilities were valued at ($4,505,000). These figures reflect the company's valuation of lease-related assets and obligations acquired during these transactions.
For a potential franchisee, this indicates the scale of lease-related financial considerations involved when Del Taco acquires existing franchise locations. It demonstrates the significance of lease agreements as part of the overall financial structure in Del Taco's business operations. Understanding these valuations can be crucial in assessing the financial health and strategic decisions of the company.
However, this information pertains specifically to acquisitions of franchise-operated restaurants by Del Taco, not the operating lease costs incurred during the normal course of business. To get a clearer picture of typical operating lease costs, a prospective franchisee should inquire directly with Del Taco about their ongoing lease expenses for corporate-owned and franchised locations.