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INVESTMENTS IN REAL PROPERTY
12 Months Ended
Sep. 30, 2017
INVESTMENT IN REAL PROPERTY FINANCED BY DEBT [Abstract]  
INVESTMENTS IN REAL PROPERTY
NOTE 5. INVESTMENTS IN REAL PROPERTY

 

North Miami, Florida

 

During the second quarter of our fiscal year 2017, we purchased from an unrelated third party the vacant real property (the “Property”), which is contiguous to the real property we own where our new package liquor store located at 13185 Biscayne Boulevard, North Miami, Florida, (Store #20P) and our restaurant located at 13205 Biscayne Boulevard, North Miami, Florida (Store #20R) operate for $2.47 million cash at closing. To fund the cash at closing, we borrowed $2.0 million using our Credit Line (defined below at Note 10) and used cash on hand for the remainder. The Property will provide for a larger parking lot to be used by our customers.