FLANIGANS ENTERPRISES INC

Listed Company

BDLCIK 0000012040NYSENon-AcceleratedSmaller ReportingRetail-Eating PlacesFloridaINFY ends Sep 27

Period

FY 2025

Revenue

$205.25M

Net Income

$5.03M

Total Assets

$140.62M

Equity

$65.16M

Shares Out

1.86M

Op. Cash Flow

$10.51M

Business

FLANIGANS ENTERPRISES INC operates a chain of restaurants, package liquor stores and related franchising and management businesses. It offers casual dining seafood and bar service under the Flanigan’s service marks, retail liquor sales under the Big Daddy’s marks, franchising, and management services for third‑party and limited partnership restaurants. Its operations are organized among company‑owned restaurants and package liquor stores, franchised units, limited partnerships where it often serves as general partner and manager, and select managed third‑party locations. The company principally serves South Florida through dine‑in, to‑go, online ordering, delivery and wholesale distributor channels.

Summary from filing dated 2025-12-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-10-31	FY 2022 2022-09-30
Other revenues	241,000	221,000	163,000	—	—
Total	205	187	174	—	158
Payroll and related costs	64	59	57	—	50
Operating expenses	27	25	24	—	—
Occupancy costs	8	8	8	—	7
Selling, general and administrative expenses	5	5	5	—	27
Depreciation and amortization	5	4	4	—	—
Cost and expenses	197	181	167	—	151
Income from Operations	9	6	7	—	7
Interest expense	−957,000	−1	−1	—	—
Interest and other income	396,000	207,000	108,000	—	—
Rental income	1	1	—	—	—
Rental expense	−622,000	−550,000	—	—	—
Gain on sale of property and equipment	—	2,000	—	—	21,000
Other Income (Expense)	−106,000	−255,000	−959,000	—	3
Income before Provision for Income Taxes	9	6	6	—	10
Provision for Income Taxes	−622,000	−286,000	−649,000	—	−763,000
Net Income	8	5	5	—	9
Less: Net Income Attributable to Noncontrolling Interests	−3	−2	−1	—	−3
Net Income Attributable to Flanigans Enterprises Inc.s Stockholders	5	3	4	9	6
Basic (in Dollars per share)	2.71	1.81	2.15	—	3.4
Diluted (in Dollars per share)	2.71	1.81	2.15	—	3.4
Basic (in Shares)	2	2	2	—	2
Diluted (in Shares)	2	2	2	—	2

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	20	21	26	42	33
Prepaid income taxes	172,000	170,000	219,000	235,000	139,000
Other receivables	892,000	1	834,000	—	—
Inventories	7	7	7	6	5
Prepaid expenses	2	2	2	2	1
Other current assets	705,000	—	—	—	—
Total current assets	31	32	35	51	40
Property and equipment, net	83	82	75	—	—
Construction in progress	3,000	—	5	8	5
Total property, equipment and construction in progress	83	82	80	63	57
Right-of-use assets, operating leases	25	27	27	30	29
Investment in Limited Partnerships	322,000	274,000	252,000	294,000	1
Liquor licenses	1	1	—	—	—
Deposits on property and equipment	455,000	57,000	887,000	2	—
Leasehold interests, net	41,000	68,000	63,000	86,000	—
Other	435,000	311,000	878,000	—	—
Total other assets	2	2	3	4	2
Total assets	141	142	146	147	128
Accounts payable and accrued expenses	6	7	9	8	6
Accrued compensation	2	2	2	—	—
Due to franchisees	3	4	5	—	—
Current portion of long term debt	1	1	1	2	3
Operating lease liabilities, current	3	2	2	2	2
Other current liabilities	157,000	—	—	—	—
Deferred revenue	3	3	3	—	—
Total current liabilities	18	20	22	22	20
Long term debt, net of current portion	19	21	22	23	20
Operating lease liabilities, non-current	24	26	26	28	27
Deferred tax liabilities	481,000	389,000	801,000	605,000	406,000
Total liabilities	62	67	71	74	67
Commitments and Contingencies Note 12	—	—	—	—	—
Flanigans Enterprises, Inc.s Stockholders Equity Common stock, $.10 par value, 5,000,000 shares authorized; 4,197,642 shares issued; 1,858,647 outstanding for the years ended 2025 and 2024	420,000	420,000	420,000	420,000	420,000
Capital in excess of par value	6	6	6	6	6
Retained earnings	65	61	58	55	51
Accumulated other comprehensive income	—	−41,000	395,000	—	—
Treasury stock, at cost, 2,338,995 shares	−6	−6	−6	−6	—
Total Flanigans Enterprises, Inc.s Stockholders Equity	65	61	59	56	51
Noncontrolling interests	14	14	16	18	9
Total stockholders equity	79	75	75	73	61
Total liabilities and stockholders equity	141	142	146	147	128

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	5	4	4	3	—
Amortization of leasehold interests	27,000	26,000	—	—	—
Amortization of operating lease right-of-use assets	3	3	3	2	2
Gain on interest rate swap	−35,000	—	—	—	—
Loss on abandonment of property and equipment	147,000	91,000	65,000	40,000	—
Gain on casualty loss	—	−30,000	—	—	—
Amortization of deferred loan costs	36,000	35,000	38,000	—	—
Deferred income taxes	−20,000	−265,000	62,000	199,000	758,000
Income from unconsolidated limited partnership	−64,000	−42,000	−9,000	—	−125,000
Other receivables	142,000	−199,000	−378,000	−6,000	231,000
Prepaid income taxes	−2,000	49,000	16,000	−96,000	−65,000
Inventories	100,000	178,000	−709,000	−1	−1
Prepaid expenses	64,000	−363,000	64,000	2	2
Other current assets	−705,000	—	—	—	—
Other assets	64,000	−16,000	—	−299,000	−1,000
Accounts payable and accrued expenses	−1	−2	−55,000	898,000	223,000
Other current liabilities	157,000	—	—	—	—
Operating lease liabilities	−2	−2	−2	−2	—
Due to franchisees	−957,000	−828,000	197,000	302,000	1
Deferred revenue	−318,000	262,000	6,000	—	—
Net cash and cash equivalents provided by operating activities	11	7	8	11	14
Purchase of property and equipment	−6	−3	−13	−4	−7
Purchase of construction in progress	−3,000	−2	−4	—	—
Deposits on property and equipment	−410,000	−174,000	−2	−2	−476,000
Purchase of leaseholds	—	−31,000	—	—	—
Proceeds from sale of property and equipment	80,000	83,000	60,000	55,000	111,000
Proceeds from insurance recovery	30,000	—	—	—	—
Distributions from unconsolidated limited partnership	16,000	20,000	51,000	32,000	28,000
Net cash and cash equivalents used in investing activities	−6	−5	−19	−10	−12
Payments on long term debt	−1	−1	−2	−4	−4
Dividends paid	−1	−929,000	−838,000	−2	—
Purchase of noncontrolling limited partnership interests	−381,000	—	—	—	—
Distributions to limited partnerships noncontrolling interests	−3	−3	−3	−3	−2
Net cash and cash equivalents used in financing activities	−6	−6	−7	9	294,000
Net Decrease in Cash and Cash Equivalents	−1	−4	−17	9	3
Interest	895,000	967,000	1	757,000	938,000
Income taxes	546,000	501,000	571,000	660,000	371,000
Increase (decrease) in fair value of interest rate swap	443,000	−583,000	529,000	—	—
Purchase deposits capitalized to property and equipment	11,000	289,000	545,000	512,000	—
Purchase deposits transferred to construction in progress	—	715,000	—	—	—
Construction in progress transferred to property and equipment	—	8	7	3	—
Construction in progress in accounts payable and accrued expenses	—	4,000	—	—	—
Remeasurement of right-of-use operating lease	638,000	2	—	—	—

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