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INVESTMENTS IN REAL PROPERTY
12 Months Ended
Oct. 01, 2016
INVESTMENT IN REAL PROPERTY FINANCED BY DEBT [Abstract]  
INVESTMENTS IN REAL PROPERTY

NOTE 5. INVESTMENTS IN REAL PROPERTY

 

Oakland Park, Florida

 

During the first quarter of our fiscal year 2016, we purchased the real property and improvements located at 1290 East Commercial Boulevard, Oakland Park, Broward County, Florida (the “1290 Property”) and the vacant real property located at 4990 N.E. 12th Avenue, Oakland Park, Broward County, Florida (the “4990 Property”) diagonally adjacent thereto, for a total purchase price of $922,500. We plan to use the 6,000 square foot building located on the 1290 Property as office and warehouse space, to store, among other items generators as well as covered parking for our food truck and to use the 4990 Property as a storage yard.

Davie/Hollywood, Florida

 

During the second quarter of our fiscal year 2015, we acquired for $1.5 million cash at closing, vacant real property (the “Property”), which is contiguous to the real property we own where our combination package liquor store and restaurant located at 2505 N. University Drive, Hollywood, Florida, (Store #19) operates. We plan to (i) construct a building on the Property into which we will re-locate the existing (Store #19) package liquor store; and (ii) renovate and expand our (Store #19) restaurant into the former package liquor store space. The Property will also provide for a larger parking lot to be used by our customers.