What was the net value of Checkers' intangible assets as of January 1, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| ending | A | Amount |
|---|---|---|
| 2024 | $ | 3,166 |
| 2025 | 3,166 | |
| 2026 | 3,166 | |
| 2027 | 3,227 | |
| 2028 | 3,166 | |
| Thereafter | - | 14,146 |
| Total | $ | 30,037 |
Intangible assets consisted of the following as of January 1, 2024 (Successor) and January 2, 2023 (Predecessor):
| ary 1, 2024 uccessor) | January 2, 2023 (Predecessor) |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the net value of intangible assets as of January 1, 2024, was $198,849. This figure represents the combined value of tradenames and definite-lived intangible assets, net of any amortization.
Intangible assets are non-physical assets that have a value to the company. For Checkers, these primarily consist of their tradenames and other assets that provide a long-term benefit. The tradenames alone were valued at $197,500 on January 1, 2024, indicating the significant brand recognition and value associated with the Checkers name. The remaining $1,349 is attributed to definite-lived intangible assets, net.
For a prospective Checkers franchisee, understanding the value and composition of these intangible assets is important. The strength of the Checkers brand, reflected in the tradename value, can contribute to the potential success of a franchise location. These figures are part of the overall financial health assessment that Checkers provides in its FDD, offering transparency to potential investors.