What were the franchise fees and other income for Checkers for the period January 1, 2023 through January 1, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
| Successor | Predecessor | |||||||
|---|---|---|---|---|---|---|---|---|
| Year Ended December 30, 2024 | Period from June 17, 2023 through January 1, 2024 | Period from January 3, 2023 through June 16, 2023 | ||||||
| Revenues |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the franchise fees and other income are reported for two sub-periods due to a recapitalization agreement. The first period, referred to as the 'Predecessor' period, runs from January 3, 2023, through June 16, 2023, and shows franchise fees and other income of $4,061. The second period, referred to as the 'Successor' period, runs from June 17, 2023, through January 1, 2024, and shows $5,317 in franchise fees and other income.
To calculate the total franchise fees and other income for the entire period from January 3, 2023, through January 1, 2024, the amounts from both periods must be combined. This results in a total of $9,378 ($4,061 + $5,317).
A prospective franchisee should note that these figures represent Checkers' income from franchise fees and other related sources, not the fees paid by individual franchisees. This information is part of Checkers' overall financial performance and can help potential franchisees understand the revenue streams of the franchisor. Reviewing these figures in the context of Checkers' overall financial statements can provide a more comprehensive understanding of the franchise's financial health.