Note F - Sales of Real Estate

12 Months Ended

Mar. 29, 2020

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE F - SALES

OF REAL ESTATE

On

October 23, 2018,

the Company completed the sale of its Company-owned restaurant located in Bay Ridge, Brooklyn, NY for proceeds of

$11,445,

net of direct expenses, and recorded a gain of

$10,854,

which represented the excess of the proceeds, before legal fees of

$33,

over the carrying value on that date.

On

August 9, 2018,

the Company completed the sale of its regional office building located in Fort Lauderdale, Florida for proceeds of

$1,330,

net of direct expenses, and recorded a gain of

$323,

which represented the excess of the proceeds, before legal fees of

$17,

over the carrying value on that date.