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INVESTMENTS IN REAL PROPERTY
12 Months Ended
Sep. 29, 2018
INVESTMENT IN REAL PROPERTY FINANCED BY DEBT [Abstract]  
INVESTMENTS IN REAL PROPERTY

NOTE 5.      INVESTMENTS IN REAL PROPERTY

 

Fort Lauderdale, Florida

 

During the fourth quarter of our fiscal year 2018, we purchased from an unrelated third party the real property and improvements (the “Property”), which is contiguous to the real property we own where our franchised restaurant located at 1479 E. Commercial Boulevard, Fort Lauderdale, Florida (Store #15) operates for $550,000 cash at closing. The improvements on the Property, a quadraplex, are currently rented and will continue to be rented until the Property is needed for parking for the customers of the adjacent franchised restaurant, at which time the quadraplex will be demolished. To fund the cash at closing, we used cash on hand.