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LIQUOR LICENSES
12 Months Ended
Oct. 01, 2016
Disclosure Text Block [Abstract]  
LIQUOR LICENSES

NOTE 8. LIQUOR LICENSES

 

Liquor licenses, which are indefinite lived assets, are tested for impairment in September of each of our fiscal years. The fair value of liquor licenses at October 1, 2016, exceeded the carrying amount; therefore, we recognized no impairment loss. The fair value of the liquor licenses was evaluated by comparing the carrying value to recent sales for similar liquor licenses in the County issued. At October 1, 2016 and October 3, 2015, the total carrying amount of our liquor licenses was $630,000. We acquired no liquor licenses in our fiscal years 2016 and 2015.