What were the total expenses (management fees, travel, advertising, and interest) for Checkers from January 3, 2022 (Predecessor)?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
----------------------------|-------------------------|-------|--------------------------| | | ccessor) | | decessor) | | Accounts receivable from NPF and CDSI | $ 3,325 | $ | 2,261 | | Accrued liabilities | 848 | | 716 | | Second Lien Credit Agreement | 1.0 | | 31,066 | | First Lien and New Money Loans | 66,786 | | • |
| Expense amounts | th Janua | 17, 2023 crough cry 1, 2024 ccessor) | th June | ry 3, 2023 rough 16, 2023 decessor) | 2 | iuary 2, 2023 decessor) | January 3, 2022 (Predecessor) |
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the expenses for the period of January 3, 2022 (Predecessor) include management fees and travel-related expenses, advertising expenses, and interest expenses. The management fees and travel-related expenses totaled $452. The advertising expense was $4,026, and the interest expense was $3,526. The total of these expenses was $8,004.
These figures provide a snapshot of Checkers's expenses during the specified period. For a prospective franchisee, understanding these costs is crucial for financial planning and assessing the profitability of a Checkers franchise. Management and travel-related fees could cover support services provided by the franchisor, while advertising expenses reflect the costs of marketing and promotional activities.
Interest expenses likely relate to debt financing used by Checkers. Franchisees should consider these expenses in relation to their own financing arrangements and how they might impact their bottom line. It's important to note that these expenses are specific to the period mentioned and may not be representative of current or future expenses.
Prospective franchisees should investigate further to understand the factors that influence these expenses and how they might vary based on location, sales volume, and other factors. Reviewing historical financial statements and discussing these expenses with existing franchisees can provide valuable insights.