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RECENT RESTAURANT DISPOSITIONS AND OTHER DEVELOPMENTS
3 Months Ended
Dec. 27, 2025
Recent Restaurant Dispositions [Abstract]  
RECENT RESTAURANT DISPOSITIONS AND OTHER DEVELOPMENTS RECENT RESTAURANT DISPOSITIONS AND OTHER DEVELOPMENTS
In October 2024, the Company advised the landlord of El Rio Grande we would be terminating the lease and closing the property permanently. In connection with this notification, the Company recorded a loss of $876,000 during the year ended September 28, 2024. The property closed permanently on January 3, 2025 and was vacated and delivered to the landlord on April 30, 2025. During the 13 weeks ended December 28, 2024, the Company incurred additional operating losses of $146,000.

On November 26, 2024, the Company agreed to terminate its lease for the food court at The Hard Rock Hotel and Casino in Tampa, FL and, accordingly, vacated the premises on December 15, 2024. In connection with this, Ark Hollywood/Tampa Investment LLC, a subsidiary of the Company, (in which we own a 65% interest) received a termination payment in the amount of $5,500,000; all obligations under the lease ceased and we recorded a gain, net of expenses, in the amount of $5,235,000 during the 13 weeks ended December 28, 2024.

During the 13 weeks ended December 27, 2025, the Company sold one of the 11 condominium units it owns at the Island Beach Resort in Jensen Beach, FL, which is adjacent to our Shuckers restaurant. In connection with the sales, the Company received net proceeds of $374,000 and recorded a gain of $128,000. The Company intends to sell the remaining 10 units subject to market forces.