Gain on Sale of Assets and Lease Termination

6 Months Ended

Mar. 28, 2023

Gain on Sale of Assets and Lease Termination [Abstract]

Gain on Sale of Assets and Lease Termination

Note 6.  Gain on Sale of Assets and Lease Termination

For the two fiscal quarters ended March 28, 2023, the Company had $19,000 of deferred gains on prior sale-leaseback transactions related to certain Good Times restaurants and $3,000 of net gains in the loss and disposal of miscellaneous assets. During the two fiscal quarters ended March 29, 2022 we recognized a $607,000 gain in connection with a landlord’s exercising a lease termination option for one Good Times restaurant and we also recognized $7,000 in deferred gain on prior sale-leaseback transactions related to certain Good Times restaurants.