What was the gross balance for Checkers as of December 30, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
ected to be profitable.
NOTE 9 - GOODWILL AND INTANGIBLE ASSETS, NET
As discussed in Note 4. Business Combination, as part of the business combination, the Company recognized $31.8 million of goodwill. The changes in goodwill during the successor periods are as follows:
| (Successor) |
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the gross balance as of December 30, 2024, is detailed within the financial statements. The gross balance is reported as $31,767. This figure represents the initial or total value of an asset before any deductions, such as accumulated amortization, are taken into account.
For a prospective Checkers franchisee, understanding the gross balance is crucial as it provides insight into the original value of assets that Checkers holds. This can be useful in assessing the overall financial health and stability of the company. The corresponding accumulated amortization, which is ($4,895), reflects the total amount of depreciation or amortization that has been charged against the asset up to that date. The net balance, which is the gross balance less accumulated amortization, is $26,872.
It's important for potential franchisees to review these figures in conjunction with other financial metrics to gain a comprehensive understanding of Checkers's financial position. Analyzing trends in gross balance, accumulated amortization, and net balance over time can offer valuable insights into the company's asset management and financial performance. This information, combined with other due diligence, can help franchisees make informed decisions about investing in a Checkers franchise.