What was Checkers' inventory as of January 1, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
ain internal control-related matters that we identified during the audit.
Tampa, Florida April 1, 2025
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| December 30, January 1, 2024 2024 ASSETS Current assets Cash and cash equivalents $ 15,562 $ 12,557 Accounts and notes receivable, net 7,717 7,399 Inventory 2,428 2,178 Prepaid expenses 5,338 5,308 Other current assets 799 2,867 Total current assets 31,844 30,309 Property and equipment, net 31,679 29,309 Operating lease right-of-use assets 132,807 145,3
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the company's inventory as of January 1, 2024, was $2,178. This figure is part of the consolidated balance sheets included in the FDD, which provide a snapshot of the company's assets, liabilities, and equity at that specific point in time.
For a prospective Checkers franchisee, understanding the inventory value is important because it reflects the value of raw materials, work-in-progress, and finished goods that Checkers holds. This figure can be used to assess the company's efficiency in managing its supply chain and controlling costs. A relatively low inventory value might suggest efficient inventory management, while a high value could indicate potential issues with slow-moving or obsolete stock.
It's also worth noting that the financial statements in the FDD are audited by Ernst & Young LLP, which adds credibility to the reported figures. Franchisees should review these financial statements carefully, along with the accompanying notes, to gain a comprehensive understanding of Checkers' financial health and performance. This information can be valuable in assessing the overall risk and potential return of investing in a Checkers franchise.