SUBSEQUENT EVENTS	12 Months Ended
Jan. 02, 2022
Subsequent Events
Subsequent Events	(18) SUBSEQUENT EVENTS The Company evaluated for the occurrence of subsequent events through the issuance date of its financial statements. No recognized or non-recognized subsequent events occurred that require recognition or disclosure in the consolidated financial statements other than the items below. On March 10, 2022, the Company executed an Asset Purchase Agreement for substantially all the assets related to the fast-growing Barrio Queen restaurant group, and it expects to close the transaction within 45 days. Barrio Queen is known for their authentic Mexican fine dining in Phoenix, Arizona. There are currently seven operating restaurants and a lease signed for an eighth with a target opening date of December 2022. The purchase price of $28.0 million is anticipated to be funded with cash and debt. On March 11, 2022, the Company executed and closed on an Asset Purchase Agreement for three bar-centric locations. The purchase price of $4.5 million was funded with cash. Due to the timing of the signing and closing of this acquisition, the initial accounting for this acquisition is not complete. In addition, we are not able to complete substantially all disclosures required by ASC 805.

SUBSEQUENT EVENTS

12 Months Ended

Jan. 02, 2022

(18) SUBSEQUENT EVENTS

The Company evaluated for the occurrence of subsequent events through the issuance date of its financial statements. No recognized or non-recognized subsequent events occurred that require recognition or disclosure in the consolidated financial statements other than the items below.

On March 10, 2022, the Company executed an Asset Purchase Agreement for substantially all the assets related to the fast-growing Barrio Queen restaurant group, and it expects to close the transaction within 45 days. Barrio Queen is known for their authentic Mexican fine dining in Phoenix, Arizona. There are currently seven operating restaurants and a lease signed for an eighth with a target opening date of December 2022. The purchase price of $28.0 million is anticipated to be funded with cash and debt.

On March 11, 2022, the Company executed and closed on an Asset Purchase Agreement for three bar-centric locations. The purchase price of $4.5 million was funded with cash. Due to the timing of the signing and closing of this acquisition, the initial accounting for this acquisition is not complete. In addition, we are not able to complete substantially all disclosures required by ASC 805.