What is the maturity date range for Checkers' financing obligations relating to sales of restaurants?

According to Checkers's 2025 Franchise Disclosure Document, the company has financing obligations relating to sales of restaurants. These obligations mature at various dates through October 1, 2039, with interest rates ranging from 3.20% to 7.06%. As of December 30, 2024, the total financing obligations amounted to $7,850,000.

The current maturities, representing the portion of the debt due within one year, were ($67,000). Therefore, the total financing obligations, less current maturities, were $7,783,000. These figures provide a snapshot of Checkers's debt structure related to restaurant sales as of the end of 2024.

For a prospective franchisee, this information is relevant because it provides insight into the financial obligations Checkers has undertaken. While this debt is not directly the franchisee's responsibility, it can reflect the overall financial health and strategy of the company. Understanding the maturity dates and interest rates can help potential franchisees assess the long-term financial stability of Checkers. It is important to note that these obligations relate to past sales of restaurants and may not directly impact the operations of a new franchise, but they are still a factor in evaluating the franchisor's financial position.