What was the gross total accounts receivable for Checkers as of December 30, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
d administrative expenses on the consolidated statements of operations.
NOTE 5 - ACCOUNTS AND NOTES RECEIVABLE, NET
The following table summarizes the Company's receivables and allowances as of December 30, 2024 (Successor) and January 1, 2024 (Successor):
| December 30, 2024 (Successor) | January 1, 2024 (Successor) |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the gross total accounts receivable as of December 30, 2024, was $8,372. This figure represents the total amount of money owed to Checkers by its customers or other parties before any deductions for doubtful accounts.
An allowance of $655 was made for potential uncollectible accounts, resulting in a net total accounts receivable of $7,717. This net figure is a more conservative estimate of the amount Checkers realistically expects to collect.
For a prospective franchisee, understanding these figures is crucial for assessing the financial health and stability of Checkers. It provides insight into how effectively Checkers manages its receivables and the potential risk of bad debts. Monitoring these trends over time can help franchisees make informed decisions about their investment and operational strategies.