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Note 12 - Subsequent Events
12 Months Ended
Feb. 26, 2012
Subsequent Events [Text Block]
NOTE 12.  SUBSEQUENT EVENTS

After the balance sheet date of February 26, 2012, the Company completed the remodeling of two KFC restaurants, one in March and one in May of 2012, at a cost of approximately $859,000 and installed four additional KFC operations platforms (Merit P.O.S. system, next generation holding cabinets and speed of service timing system) at a cost of approximately $135,000 in accordance with the contracts requiring the remodels and installation of the operations platforms.

Also, after February 26, 2012, the Company completed the sale of three closed restaurant properties in Conneaut Lake, Rochester and Pittsburgh, Pennsylvania.  The total selling price of the properties was approximately $515,000.  As of the balance sheet date, all of the properties were included in Assets Held for Sale.  On May 17, 2012 the land and building lease for an unprofitable KFC location in St. Louis, MO expired and the restaurant was closed.  The Company expects to write off approximately $125,000 of goodwill in the first quarter of fiscal 2013 related to the sale of these properties.