What was the reported value of Checkers' definite-lived intangible assets, net, in 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2024 | |
|---|---|---|
| Tradenames, indefinite-lived | $197,500 | $197,500 |
| Definite-lived intangible assets, net | 1,223 | 1,349 |
| Intangible assets. net | $198,723 | $198,849 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the reported value of definite-lived intangible assets, net, was presented for 2024. The value is listed under Item 23, which pertains to receipts.
Specifically, the table provides a breakdown of tradenames, indefinite-lived, definite-lived intangible assets, net, and intangible assets, net. For definite-lived intangible assets, net, the value reported is $1,223 for one column and $1,349 for another column in 2024.
Prospective franchisees should understand that these figures represent the net value of intangible assets with a definite lifespan, reflecting their amortized cost. These assets could include items like franchise agreements or intellectual property with a limited term. The difference between the two columns is not defined in the excerpt.