XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.2
EXTENSION OF LEASES FOR EXISTING LOCATIONS
9 Months Ended
Jul. 03, 2021
Leases [Abstract]  
EXTENSION OF LEASES FOR EXISTING LOCATIONS

(7) EXTENSION OF LEASES FOR EXISTING LOCATIONS:

Pinecrest, Florida

During the second quarter of our fiscal year 2021, the lease with an unrelated third party for the space located at 11415 S. Dixie Highway, Pinecrest, Florida (Store #13) where a limited partnership owned restaurant operates, was extended through January 31, 2031 with one (1) five (5) year renewal option. The fixed annual rental was reduced by % and the fixed annual rental increases were reduced to 2% from 3% for the first seven (7) years. Otherwise the extended lease is on substantially the same terms and conditions, including fixed annual rental increases and continued percentage rent as existed before the extension.

Surfside, Florida

During the second quarter of our fiscal year 2021, the lease with an unrelated third party for the space located at 9516 Harding Avenue, Surfside, Florida (Store #60) where a limited partnership owned restaurant operates was extended through December 31, 2026. The fixed annual rental increases were increased from $0.75 per square foot annually to $1.00 per square foot effective January 1, 2022, Otherwise, the extended lease is on substantially the same terms and conditions as existed before the extension.