What was the total revenue for Checkers restaurants for the year 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | January 1, 2024 | June 16, 2023 | |||
|---|---|---|---|---|---|
| Revenues | |||||
| Restaurant sales | $ 255,474 | $ 141,217 | $ 130,191 | ||
| Franchise and retail royalty revenue | 35,389 | 18,608 | 15,385 | ||
| Franchise fees and other income | 9,518 | 5,317 | 4,061 | ||
| Total revenues | 300,381 | 165,142 | 149,637 | ||
| Costs and expenses | |||||
| Restaurant food and paper costs | 81,660 | 45,102 | 41,194 | ||
| Restaurant labor costs | 79,230 | 44,446 | 38,348 | ||
| Restaurant occupancy costs | 22,378 | 11,778 | 11,145 | ||
| Restaurant depreciation | 5,871 | 2,524 | 7,529 | ||
| Other restaurant operating expenses | 34,053 | 20,357 | 17,423 | ||
| General and administrative expenses | 39,215 | 19,435 | 36,471 | ||
| Franchise support and service expenses | 5,226 | 3,634 | 1,696 | ||
| Advertising expense | 14,397 | 8,077 | 6,810 | ||
| Other depreciation and amortization | 3,441 | 2,093 | 900 | ||
| Restaurant retirement costs | 139 | 300 | 596 | ||
| Impairment of long-lived assets | 2,384 | 623 | 66,633 | ||
| Net loss on disposal of fixed assets | 64 | 670 | 839 | ||
| Total costs and expenses | 288,058 | 159,039 | 229,584 | ||
| Operating income (loss) | 12,323 | 6,103 | (79,947) | ||
| Other income (expense) | |||||
| Interest expense | (15,789) | (8,134) | (18,326) | ||
| Other income (expense) | 3 | 1 | (375) | ||
| Total other (expense) income | (15,786) | (8,133) | (18,701) | ||
| Loss before income tax expense (benefit) | (3,463) | (2,030) | (98,648) | ||
| Income tax expense (benefit) | (24,723) | 540 | (7,542) | ||
| Net income (loss) | $ 21,260 | $ (2,570) | $ (91,106) |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the total revenues for the year 2024 were $300,381. This figure includes revenue from restaurant sales, franchise and retail royalty revenue, and franchise fees and other income. Restaurant sales accounted for $255,474 of the total revenue. Franchise and retail royalty revenue contributed $35,389, while franchise fees and other income added $9,518.
These revenue figures provide a snapshot of Checkers' financial performance for the specified period. A prospective franchisee can use this information to understand the revenue streams and their relative contributions to the overall financial health of the company. It's important to note that these figures reflect the performance of all Checkers restaurants and may not be representative of an individual franchise location.
In addition to revenue, the FDD also details various costs and expenses incurred by Checkers. These include restaurant food and paper costs, labor costs, occupancy costs, depreciation, and other operating, general, administrative, and advertising expenses. Understanding both the revenue and expense sides of the business is crucial for a potential franchisee to assess the profitability and financial viability of investing in a Checkers franchise.