What was the net value of Checkers' property and equipment as of January 2, 2023?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
(Tabular Dollars in Thousands, Except Share and per Share Data)
10. Property and Equipment, Net
Property and equipment, net consisted of the following as of January 1, 2024 (Successor) and 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 property and equipment as of January 2, 2023, was derived from the Predecessor's financial records. The balance sheet provides a snapshot of Checkers' assets, liabilities, and equity at that specific point in time. This figure reflects the original cost of the property and equipment, less any accumulated depreciation.
For a prospective Checkers franchisee, this number offers insight into the scale of physical assets Checkers owns and utilizes in its operations. It can be useful to compare this figure with those of other similar franchises to gauge Checkers' relative capital investment. Keep in mind that this value represents the net book value, which may differ from the current market value of those assets.
Understanding the net value of property and equipment can help a franchisee assess the financial health and capital intensity of Checkers. However, it's essential to consider this figure in conjunction with other financial metrics and qualitative factors to form a comprehensive understanding of the franchise opportunity.