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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 5,300 $ 5,416
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation and amortization 4,268 3,561
Amortization of leasehold interests 26 23
Amortization of operating lease right-of-use assets 2,549 2,530
Gain on sale of property and equipment (2)
Loss on abandonment of property and equipment 91 65
Gain on casualty loss (30)
Amortization of deferred loan costs 35 38
Deferred income taxes (265) 62
Loss from unconsolidated limited partnership (42) (9)
(Increase) decrease in:    
Other receivables (199) (378)
Prepaid income taxes 49 16
Inventories 178 (709)
Prepaid expenses (363) 64
Other assets (16) (39)
Increase (decrease) in:    
Accounts payable and accrued expenses (2,072) (55)
Operating lease liabilities (2,311) (2,299)
Due to franchisees (828) 197
Deferred revenue 262 6
Net cash and cash equivalents provided by operating activities 6,630 8,489
Cash Flows from Investing Activities:    
Purchase of property and equipment (3,445) (13,177)
Purchase of construction in progress (1,594) (3,531)
Deposits on property and equipment (174) (1,962)
Purchase of leaseholds (31)
Proceeds from sale of property and equipment 83 60
Distributions from unconsolidated limited partnership 20 51
Net cash and cash equivalents used in investing activities (5,141) (18,559)
Cash Flows from Financing Activities:    
Payments on long term debt (1,251) (2,299)
Dividends paid (929) (838)
Distributions to limited partnerships’ noncontrolling interests (3,439) (3,399)
Net cash and cash equivalents used in financing activities (5,619) (6,536)
Net Decrease in Cash and Cash Equivalents (4,130) (16,606)
Cash and Cash Equivalents - Beginning of Period 25,532 42,138
Cash and Cash Equivalents - End of Period 21,402 25,532
Cash paid during the year for:    
Interest 967 1,067
Income taxes 501 571
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
(Decrease) Increase in fair value of interest rate swap (583) 529
Purchase deposits capitalized to property and equipment 289 2,390
Purchase deposits transferred to construction in progress 715 545
Construction in progress transferred to property and equipment 7,676 7,110
Construction in progress in accounts payable and accrued expenses 4 931
Remeasurement of right-of-use operating lease $ 2,390