SUBSEQUENT EVENTS	12 Months Ended
Oct. 01, 2011
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14. SUBSEQUENT EVENTS (a) Purchase of Real Property, (Kendall, FL.): During the fourth quarter of our fiscal year 2011 we contracted for the purchase of a two building shopping center in Miami, Florida, which consists of one building which is leased to twelve unaffiliated third parties and a second stand-alone building where our limited partnership owned restaurant located at 12790 SW 88^th Street, Miami, Florida,(Store #70), operates. Subsequent to the end of our fiscal year 2011, we assigned all of our rights under the contract to a new wholly owned subsidiary, (Flanigan’s Calusa Center, LLC, a Florida limited liability company), and closed on the purchase. We paid $6,140,000 for this property, $4,500,000 of which we borrowed from a non-affiliated third party lender, pursuant to a first mortgage, (the “$4.5M Mortgage Loan”), which we guaranteed. The $4.5M Mortgage Loan is in the original principal amount of $4,500,000 and bears interest at a variable rate equal to the BBA LIBOR Rate (Adjusted Periodically) plus 2.25%. We entered into an interest rate swap agreement to hedge the interest rate risk as to $3,750,000 of the principal amount, (the “$3.75M Hedged Amount”), which fixed the interest rate as to that portion of the principal amount of the $4.5M Mortgage Loan at 4.51% per annum throughout the term of the loan. The $4.5M Mortgage Loan is amortized over twenty (20) years, with our current monthly payment of principal and interest as to the $3.75M Hedged Amount, each in the amount of $23,700 and with our current monthly payment of principal and interest as to that portion of the principal amount not fixed by the interest rate swap agreement, ($750,000), payable at a variable interest rate, (2.49% as of November 30, 2011). The entire principal balance and all accrued but unpaid interest is due on December 1, 2019. (b) Term Loan: Subsequent to the end of our fiscal year 2011, we borrowed $1,600,000 from a non affiliated third party lender, (the “$1.6M Term Loan”), as the cash to close on our purchase of the real property and buildings where our limited partnership restaurant at 12790 SW 88^thStreet, Miami, Florida (Store #70) is located and to insure that we have adequate working capital and cash reserves. The $1.6M Term Loan is in the principal amount of $1,600,000 and bears interest at a variable interest rate equal to the BBA LIBOR Rate (Adjusted Periodically) plus 2.25%. We entered into an interest rate swap agreement to hedge the interest rate risk, which fixed the interest rate on the term loan at 3.43% per annum throughout the term of the loan. The $1.6M Term Loan is payable interest only for three (3) months and then is fully amortized over forty five (45) months, with our monthly payment of principal and interest, totaling $38,000. We granted our lender a security interest in substantially all of our assets as collateral to secure our repayment obligations under our term loan. Subsequent events have been evaluated through the date these consolidated financial statements were issued. No events, other than the events described above, required disclosure.

SUBSEQUENT EVENTS

12 Months Ended

Oct. 01, 2011

NOTE 14. SUBSEQUENT EVENTS

(a) Purchase of Real Property, (Kendall, FL.):

During the fourth quarter of our fiscal year 2011 we contracted for the purchase of a two building shopping center in Miami, Florida, which consists of one building which is leased to twelve unaffiliated third parties and a second stand-alone building where our limited partnership owned restaurant located at 12790 SW 88^th Street, Miami, Florida,(Store #70), operates. Subsequent to the end of our fiscal year 2011, we assigned all of our rights under the contract to a new wholly owned subsidiary, (Flanigan’s Calusa Center, LLC, a Florida limited liability company), and closed on the purchase. We paid $6,140,000 for this property, $4,500,000 of which we borrowed from a non-affiliated third party lender, pursuant to a first mortgage, (the “$4.5M Mortgage Loan”), which we guaranteed. The $4.5M Mortgage Loan is in the original principal amount of $4,500,000 and bears interest at a variable rate equal to the BBA LIBOR Rate (Adjusted Periodically) plus 2.25%. We entered into an interest rate swap agreement to hedge the interest rate risk as to $3,750,000 of the principal amount, (the “$3.75M Hedged Amount”), which fixed the interest rate as to that portion of the principal amount of the $4.5M Mortgage Loan at 4.51% per annum throughout the term of the loan. The $4.5M Mortgage Loan is amortized over twenty (20) years, with our current monthly payment of principal and interest as to the $3.75M Hedged Amount, each in the amount of $23,700 and with our current monthly payment of principal and interest as to that portion of the principal amount not fixed by the interest rate swap agreement, ($750,000), payable at a variable interest rate, (2.49% as of November 30, 2011). The entire principal balance and all accrued but unpaid interest is due on December 1, 2019.

(b) Term Loan:

Subsequent to the end of our fiscal year 2011, we borrowed $1,600,000 from a non affiliated third party lender, (the “$1.6M Term Loan”), as the cash to close on our purchase of the real property and buildings where our limited partnership restaurant at 12790 SW 88^thStreet, Miami, Florida (Store #70) is located and to insure that we have adequate working capital and cash reserves. The $1.6M Term Loan is in the principal amount of $1,600,000 and bears interest at a variable interest rate equal to the BBA LIBOR Rate (Adjusted Periodically) plus 2.25%. We entered into an interest rate swap agreement to hedge the interest rate risk, which fixed the interest rate on the term loan at 3.43% per annum throughout the term of the loan. The $1.6M Term Loan is payable interest only for three (3) months and then is fully amortized over forty five (45) months, with our monthly payment of principal and interest, totaling $38,000. We granted our lender a security interest in substantially all of our assets as collateral to secure our repayment obligations under our term loan.

Subsequent events have been evaluated through the date these consolidated financial statements were issued. No events, other than the events described above, required disclosure.