What was the amortization amount for Checkers' goodwill through January 17, 2023 to January 1, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
o stores that were not profitable, and with investment, were not projected to be profitable. No impairments of property and equipment were recorded in the year ended January 3, 2022.
(Tabular Dollars in Thousands, Except Share an
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, as part of a business combination, Checkers recognized $31.8 million of goodwill. This goodwill was recognized during the Successor period. As of January 2, 2023 (predecessor) there was no goodwill.
However, the provided FDD excerpts do not specify the exact amortization amount for goodwill from January 17, 2023, to January 1, 2024. The FDD does mention amortization expenses for other assets, such as capitalized software and franchise agreements, but it does not provide a specific figure for goodwill amortization during that period.
To get the specific goodwill amortization amount, a prospective Checkers franchisee should ask the franchisor directly for the financial statements detailing goodwill amortization expenses during the period from January 17, 2023, to January 1, 2024. This information is essential for understanding the company's financial performance and assessing the value of the franchise.