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BUSINESS SEGMENTS (Tables) | 12 Months Ended
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Sep. 28, 2024
Business Segments [Abstract] |
Schedule of Business Segments | Information concerning the revenues and operating income for the years ended September 28, 2024 and September 30, 2023, and identifiable assets for the two reportable segments in which we operate, are shown in the following tables.
|  | Restaurant |  |  | Package |  |  | Corporate |  |  | Eliminations |  |  | Total |
REVENUES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restaurant food sales |  | $ | 114,795 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 114,795 |
Intersegment revenues |  |  | 4,141 |  |  |  | — |  |  |  | — |  |  |  | (4,141 | ) |  |  | — |
Restaurant bar sales |  |  | 30,010 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30,010 |
Package goods sales |  |  | — |  |  |  | 40,497 |  |  |  | — |  |  |  | — |  |  |  | 40,497 |
TOTAL REVENUE: |  |  | 148,946 |  |  |  | 40,497 |  |  |  | — |  |  |  | (4,141 | ) |  |  | 185,302 |
COST OF MERCHANDISE SOLD: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of merchandise sold: |  |  | 49,862 |  |  |  | 30,128 |  |  |  | — |  |  |  | — |  |  |  | 79,990 |
Intersegment cost of merchandise sold |  |  | 4,141 |  |  |  | — |  |  |  | — |  |  |  | (4,141 | ) |  |  | — |
TOTAL COST OF MERCHANDISE SOLD: |  |  | 54,003 |  |  |  | 30,128 |  |  |  | — |  |  |  | (4,141 | ) |  |  | 79,990 |
GROSS PROFIT: |  |  | 94,943 |  |  |  | 10,369 |  |  |  | — |  |  |  | — |  |  |  | 105,312 |
ADDITIONAL REVENUES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Franchise-related revenues |  |  | — |  |  |  | — |  |  |  | 1,693 |  |  |  | — |  |  |  | 1,693 |
Intersegment franchise-related revenues |  |  | — |  |  |  | — |  |  |  | 5,845 |  |  |  | (5,845 | ) |  |  | — |
Rental income |  |  | — |  |  |  | — |  |  |  | 1,105 |  |  |  | — |  |  |  | 1,105 |
Intersegment rental income |  |  | — |  |  |  | — |  |  |  | 849 |  |  |  | (849 | ) |  |  | — |
Intersegment partnership income |  |  | — |  |  |  | — |  |  |  | 1,156 |  |  |  | (1,156 | ) |  |  | — |
Other revenues |  |  | 165 |  |  |  | — |  |  |  | 56 |  |  |  | — |  |  |  | 221 |
TOTAL ADDITIONAL REVENUES: |  |  | 165 |  |  |  | — |  |  |  | 10,704 |  |  |  | (7,850 | ) |  |  | 3,019 |
ADDITIONAL EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payroll and related costs |  |  | 49,024 |  |  |  | 3,153 |  |  |  | 7,172 |  |  |  | — |  |  |  | 59,349 |
Intersegment payroll costs |  |  | — |  |  |  | (24 | ) |  |  | — |  |  |  | 24 |  |  |  | — |
Operating expenses |  |  | 20,517 |  |  |  | 2,704 |  |  |  | 1,671 |  |  |  | — |  |  |  | 24,892 |
Intersegment operating expenses |  |  | 2,431 |  |  |  | — |  |  |  | 3,173 |  |  |  | (5,604 | ) |  |  | — |
Occupancy costs |  |  | 6,534 |  |  |  | 980 |  |  |  | 572 |  |  |  | — |  |  |  | 8,086 |
Intersegment occupancy costs |  |  | 665 |  |  |  | 184 |  |  |  | — |  |  |  | (849 | ) |  |  | — |
Selling, general and administrative expenses |  |  | 1,232 |  |  |  | 170 |  |  |  | 3,938 |  |  |  | — |  |  |  | 5,340 |
Intersegment selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | 286 |  |  |  | (286 | ) |  |  | — |
Depreciation and amortization |  |  | 3,216 |  |  |  | 499 |  |  |  | 553 |  |  |  | — |  |  |  | 4,268 |
TOTAL ADDITIONAL EXPENSES: |  |  | 83,619 |  |  |  | 7,666 |  |  |  | 17,365 |  |  |  | (6,715 | ) |  |  | 101,935 |
Income from Operations |  |  | 11,489 |  |  |  | 2,703 |  |  |  | (6,661 | ) |  |  | (1,135 | ) |  |  | 6,396 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | — |  |  |  | — |  |  |  | (1,019 | ) |  |  | — |  |  |  | (1,019 | )
Intersegment interest expense |  |  | — |  |  |  | — |  |  |  | (8 | ) |  |  | 8 |  |  |  | — |
Interest and other income |  |  | 22 |  |  |  | 82 |  |  |  | 103 |  |  |  | — |  |  |  | 207 |
Intersegment interest and other income |  |  | — |  |  |  | 20 |  |  |  | 8 |  |  |  | (28 | ) |  |  | — |
Gain on sale of property and equipment |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | 2 |
|  |  | 22 |  |  |  | 102 |  |  |  | (914 | ) |  |  | (20 | ) |  |  | (810 | )
Income (loss) before provision for income taxes: |  |  | 11,511 |  |  |  | 2,805 |  |  |  | (7,575 | ) |  |  | (1,155 | ) |  |  | 5,586 |
Provision for income taxes |  |  | — |  |  |  | — |  |  |  | (286 | ) |  |  | — |  |  |  | (286 | )
Net Income |  |  | 11,511 |  |  |  | 2,805 |  |  |  | (7,861 | ) |  |  | (1,155 | ) |  |  | 5,300 |
Less: Net Income attributable to noncontrolling interests |  |  | (1,944 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,944 | )
Net Income Attributable to Flanigan's Enterprises, Inc. |  | $ | 9,567 |  |  | $ | 2,805 |  |  | $ | (7,861 | ) |  | $ | (1,155 | ) |  | $ | 3,356 |
|  | Restaurant |  |  | Package |  |  | Corporate |  |  | Eliminations |  |  | Total |
REVENUES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restaurant food sales |  | $ | 107,238 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 107,238 |
Intersegment revenues |  |  | 3,919 |  |  |  | — |  |  |  | — |  |  |  | (3,919 | ) |  |  | — |
Restaurant bar sales |  |  | 29,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 29,000 |
Package goods sales |  |  | — |  |  |  | 35,187 |  |  |  | — |  |  |  | — |  |  |  | 35,187 |
TOTAL REVENUE: |  |  | 140,157 |  |  |  | 35,187 |  |  |  | — |  |  |  | (3,919 | ) |  |  | 171,425 |
COST OF MERCHANDISE SOLD: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of merchandise sold: |  |  | 45,488 |  |  |  | 25,810 |  |  |  | — |  |  |  | — |  |  |  | 71,298 |
Intersegment cost of merchandise sold |  |  | 3,919 |  |  |  | — |  |  |  | — |  |  |  | (3,919 | ) |  |  | — |
TOTAL COST OF MERCHANDISE SOLD: |  |  | 49,407 |  |  |  | 25,810 |  |  |  | — |  |  |  | (3,919 | ) |  |  | 71,298 |
GROSS PROFIT: |  |  | 90,750 |  |  |  | 9,377 |  |  |  | — |  |  |  | — |  |  |  | 100,127 |
ADDITIONAL REVENUES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Franchise-related revenues |  |  | — |  |  |  | — |  |  |  | 1,857 |  |  |  | — |  |  |  | 1,857 |
Intersegment franchise-related revenues |  |  | — |  |  |  | — |  |  |  | 6,600 |  |  |  | (6,600 | ) |  |  | — |
Rental income |  |  | — |  |  |  | — |  |  |  | 951 |  |  |  | — |  |  |  | 951 |
Intersegment rental income |  |  | — |  |  |  | — |  |  |  | 825 |  |  |  | (825 | ) |  |  | — |
Intersegment partnership income |  |  | — |  |  |  | — |  |  |  | 1,312 |  |  |  | (1,312 | ) |  |  | — |
Other revenues |  |  | 160 |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | 163 |
TOTAL ADDITIONAL REVENUES: |  |  | 160 |  |  |  | — |  |  |  | 11,548 |  |  |  | (8,737 | ) |  |  | 2,971 |
ADDITIONAL EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payroll and related costs |  |  | 46,561 |  |  |  | 2,944 |  |  |  | 7,102 |  |  |  | — |  |  |  | 56,607 |
Intersegment payroll costs |  |  | — |  |  |  | (25 | ) |  |  | — |  |  |  | 25 |  |  |  | — |
Operating expenses |  |  | 19,525 |  |  |  | 2,663 |  |  |  | 1,470 |  |  |  | — |  |  |  | 23,658 |
Intersegment operating expenses |  |  | 2,312 |  |  |  | — |  |  |  | 4,060 |  |  |  | (6,372 | ) |  |  | — |
Occupancy costs |  |  | 6,233 |  |  |  | 853 |  |  |  | 480 |  |  |  | — |  |  |  | 7,566 |
Intersegment occupancy costs |  |  | 661 |  |  |  | 164 |  |  |  | — |  |  |  | (825 | ) |  |  | — |
Selling, general and administrative expenses |  |  | 1,116 |  |  |  | 177 |  |  |  | 3,389 |  |  |  | — |  |  |  | 4,682 |
Intersegment selling, general and administrative expenses |  |  | — |  |  |  | — |  |  |  | 273 |  |  |  | (273 | ) |  |  | — |
Depreciation and amortization |  |  | 2,646 |  |  |  | 468 |  |  |  | 447 |  |  |  | — |  |  |  | 3,561 |
TOTAL ADDITIONAL EXPENSES: |  |  | 79,054 |  |  |  | 7,244 |  |  |  | 17,221 |  |  |  | (7,445 | ) |  |  | 96,074 |
Income from Operations |  |  | 11,856 |  |  |  | 2,133 |  |  |  | (5,673 | ) |  |  | (1,292 | ) |  |  | 7,024 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | — |  |  |  | — |  |  |  | (1,067 | ) |  |  | — |  |  |  | (1,067 | )
Intersegment interest expense |  |  | — |  |  |  | — |  |  |  | (8 | ) |  |  | 8 |  |  |  | — |
Interest and other income |  |  | 6 |  |  |  | 58 |  |  |  | 44 |  |  |  | — |  |  |  | 108 |
Intersegment interest and other income |  |  | — |  |  |  | 20 |  |  |  | 8 |  |  |  | (28 | ) |  |  | — |
|  |  | 6 |  |  |  | 78 |  |  |  | (1,023 | ) |  |  | (20 | ) |  |  | (959 | )
Income (loss) before provision for income taxes: |  |  | 11,862 |  |  |  | 2,211 |  |  |  | (6,696 | ) |  |  | (1,312 | ) |  |  | 6,065 |
Provision for income taxes |  |  | — |  |  |  | — |  |  |  | (649 | ) |  |  | — |  |  |  | (649 | )
Net Income |  |  | 11,862 |  |  |  | 2,211 |  |  |  | (7,345 | ) |  |  | (1,312 | ) |  |  | 5,416 |
Less: Net Income attributable to noncontrolling interests |  |  | (1,417 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,417 | )
Net Income Attributable to Flanigan's Enterprises, Inc. |  | $ | 10,445 |  |  | $ | 2,211 |  |  | $ | (7,345 | ) |  | $ | (1,312 | ) |  | $ | 3,999 |
|  | (in thousands) |
|  | For the Fiscal Year Ended |
|  | September 28, |  |  | September 30, |
|  | 2024 |  |  | 2023 |
Capital Expenditures: |  |  |  |  |  |  |  |
Restaurants |  | $ | 4,986 |  |  | $ | 7,440 |
Package stores |  |  | 197 |  |  |  | 3,855 |
Corporate |  |  | 864 |  |  |  | 9,279 |
Consolidated Totals |  | $ | 6,047 |  |  | $ | 20,574 |
|  | (in thousands) |
|  | September 28, |  |  | September 30, |
|  | 2024 |  |  | 2023 |
Identifiable Assets: |  |  |  |  |  |  |  |
Restaurants |  | $ | 77,613 |  |  | $ | 76,575 |
Package stores |  |  | 23,084 |  |  |  | 23,714 |
Corporate |  |  | 41,385 |  |  |  | 45,480 |
Consolidated Totals |  | $ | 142,082 |  |  | $ | 145,769 |

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