What are the operating lease obligations for Checkers 'Thereafter' the year 2028?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
2023 through January 1, 2024 (Successor) and from January 3, 2023 through June 16, 2023 (Predecessor) was $2.0 million, $1.9 million, and $1.0 million, respectively.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
*Maturity A
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the operating lease obligations 'Thereafter' the year 2028 is $356. This figure represents the total of all future minimum lease payments due after 2029.
For a prospective Checkers franchisee, understanding these lease obligations is crucial for financial planning. Lease obligations are a significant expense for restaurant franchises, and this figure provides insight into the long-term financial commitments Checkers has made. It is important to note that this figure represents the Company's obligations, not necessarily those of an individual franchisee.
It is important for potential franchisees to consult with a financial advisor to fully understand the implications of these lease obligations and how they might affect their individual franchise's profitability. While this table provides an overview of Checkers's lease commitments, it does not detail the specific lease terms for individual franchise locations. Franchisees should carefully review their own lease agreements and factor in potential rent increases, property taxes, insurance, and maintenance costs.