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Subsequent Events | 3 Months Ended
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Dec. 27, 2022
Subsequent Events [Abstract] |
Subsequent Events |
Note 17. | Subsequent Events
On January 24, 2023, the Company and Cadence amended the Cadence Credit Facility to extend its expiration date to provide consent for the acquisition of certain non-controlling interests in five Bad Daddy’s restaurant joint-ventures and to provide EBITDA credit with respect to those acquired interests. On January 25, 2023, the Company acquired all of the membership interests in five Bad Daddy’s restaurant joint-ventures that it did not already own. The Company’s remaining non-controlling interests are attributed to a limited partnership with ownership of five Good Times restaurants in which the Company and the non-controlling partner each own 50%. The aggregate cash purchase price paid to the Sellers was $4,394,205.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI https://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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