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INVESTMENT IN LIMITED PARTNERSHIPS	6 Months Ended
Mar. 31, 2012
Investment In Limited Partnerships
INVESTMENT IN LIMITED PARTNERSHIPS	(5) INVESTMENT IN LIMITED PARTNERSHIPS: *Miami, Florida* On January 27, 2012, a limited partnership in which (i) we are the sole general partner; and (ii) we and a wholly owned subsidiary are currently the sole limited partners, acquired personal property assets and a leasehold interest of a non-affiliated restaurant operation located in Miami, Florida for $155,000. We advanced the purchase price to the limited partnership and through March 31, 2012, have advanced an additional $100,000 for expenses of the limited partnership. During the second quarter of our fiscal year 2012, the limited partnership commenced its private offering to raise funds to renovate this new restaurant location using our limited partnership model. We anticipate that this private offering will close by May 15, 2012. The amounts advanced to the limited partnership will be used as a credit to pay for equity investments in the limited partnership we may acquire (which equity interests shall be purchased at the same price and upon the same terms as other equity investors). If we do not acquire equity in the limited partnership for at least $255,000, any excess amounts advanced by us will be reimbursed to us by the limited partnership without interest. Since the limited partnership acquired these restaurant assets, it has been preparing plans to renovate and upgrade the business premises for operation as a "Flanigan's Seafood Bar and Grill" restaurant. We project the cost to carry out these plans will be approximately $1,745,000, exclusive of the $255,000 already advanced by us. The percentage of limited partnership interest we maintain in the limited partnership will primarily depend upon the demand for the limited partnership interests. The limited partnership anticipates that the Miami, Florida location will be open for business as a "Flanigan's Seafood Bar and Grill" restaurant by the end of our fiscal year 2012.

INVESTMENT IN LIMITED PARTNERSHIPS

6 Months Ended

Mar. 31, 2012

(5) INVESTMENT IN LIMITED PARTNERSHIPS:

Miami, Florida

On January 27, 2012, a limited partnership in which (i) we are the sole general partner; and (ii) we and a wholly owned subsidiary are currently the sole limited partners, acquired personal property assets and a leasehold interest of a non-affiliated restaurant operation located in Miami, Florida for $155,000. We advanced the purchase price to the limited partnership and through March 31, 2012, have advanced an additional $100,000 for expenses of the limited partnership. During the second quarter of our fiscal year 2012, the limited partnership commenced its private offering to raise funds to renovate this new restaurant location using our limited partnership model. We anticipate that this private offering will close by May 15, 2012. The amounts advanced to the limited partnership will be used as a credit to pay for equity investments in the limited partnership we may acquire (which equity interests shall be purchased at the same price and upon the same terms as other equity investors). If we do not acquire equity in the limited partnership for at least $255,000, any excess amounts advanced by us will be reimbursed to us by the limited partnership without interest.

Since the limited partnership acquired these restaurant assets, it has been preparing plans to renovate and upgrade the business premises for operation as a "Flanigan's Seafood Bar and Grill" restaurant. We project the cost to carry out these plans will be approximately $1,745,000, exclusive of the $255,000 already advanced by us. The percentage of limited partnership interest we maintain in the limited partnership will primarily depend upon the demand for the limited partnership interests. The limited partnership anticipates that the Miami, Florida location will be open for business as a "Flanigan's Seafood Bar and Grill" restaurant by the end of our fiscal year 2012.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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