What was the value of Del Taco's property and equipment?
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 Jack in the Box acquired restaurants from Del Taco franchisees, the value of property and equipment was $3,612,000. This figure represents the value of property and equipment obtained in these specific transactions, not the overall value of all Del Taco's property and equipment.
This valuation occurred during a period when Jack in the Box acquired 9 restaurants from Del Taco franchisees. The purchase price for these restaurants was a negative $86,000, with closing and acquisition costs amounting to $43,000. In addition to the property and equipment, intangible assets were valued at $167,000, and operating lease right-of-use assets were valued at $3,211,000. Operating lease liabilities were reported as a negative $4,505,000. The gain on the acquisition of these franchise-operated restaurants was $2,357,000.
It's important to note that these figures pertain specifically to the acquisition of franchise-operated restaurants and provide a snapshot of the asset values at that time. These values are determined according to accounting standards for business combinations, reflecting the fair value of assets acquired and liabilities assumed during the transaction. This information is useful for understanding the financial dynamics of franchise acquisitions within the Del Taco system.