Acquisitions - Franchisee/stores |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Consideration Transferred [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions - Franchisee/stores |
In April 2020, the Company entered into an asset purchase agreement with a franchisee to purchase substantially all of the assets of a franchised store for an aggregate purchase price of $ 1,250,000. This purchase price consisted of: (a) $ 650,000 cash paid at closing and (b) a $ 600,000 promissory note to the franchisee (in thousands).
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- References No definition available.
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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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