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INVESTMENT IN REAL PROPERTY FINANCED BY DEBT
 9 Months Ended
Jul. 01, 2017
Real Estate [Abstract]  
INVESTMENT IN REAL PROPERTY FINANCED BY DEBT

(4) INVESTMENT IN REAL PROPERTY FINANCED BY DEBT:

 

During the second quarter of our fiscal year 2017, we acquired for $2.47 million cash at closing, 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. To fund the cash at closing, we borrowed $2.0 million using our Credit Line (defined below at Note 7(c)) and used cash on hand for the remainder. The Property will provide for a larger parking lot to be used by our customers.