What was the reported value of Checkers' land as of January 1, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| (Successor) | ||||
|---|---|---|---|---|
| December 30, | January 1, | Estimated | ||
| 2024 | 2024 | Useful Lives | ||
| Land | $ 5,922 | $ 6,735 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the reported value of land as of January 1, 2024, was $6,735. This figure represents the book value of the land held by Checkers at that specific point in time.
For a prospective franchisee, this information provides insight into the asset values held by the franchisor. While it doesn't directly impact the franchisee's initial investment, it can be an indicator of the company's financial health and stability. Understanding the value of Checkers' assets, like land, can contribute to a broader assessment of the franchisor's financial position.
It's important to note that this value is based on accounting principles and may not reflect the current market value of the land. Additionally, this figure represents the land owned by the franchisor, not necessarily the land on which individual franchised locations are situated. Franchisees typically lease or purchase their own locations, so this specific asset value is more relevant to the overall financial structure of Checkers itself.