What was the total value of Checkers' accounts and notes receivable, net, on January 1, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
ain internal control-related matters that we identified during the audit.
Tampa, Florida April 1, 2025
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| December 30, January 1, 2024 2024 ASSETS Current assets Cash and cash equivalents $ 15,562 $ 12,557 Accounts and notes receivable, net 7,717 7,399 Inventory 2,428 2,178 Prepaid expenses 5,338 5,308 Other current assets 799 2,867 Total current assets 31,844 30,309 Property and equipment, net 31,679 29,309 Operating lease right-of-use assets 132,807 145,3
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the total value of accounts and notes receivable, net, was $7,399 as of January 1, 2024. This figure represents the amount of money that Checkers expected to receive from its customers and other parties, after deducting any allowances for doubtful accounts.
For a prospective franchisee, understanding the accounts and notes receivable is crucial because it reflects the efficiency of Checkers in collecting payments. A higher number suggests that Checkers is effectively managing its credit and collection processes. Conversely, a lower number might indicate potential issues with payment collection or a more conservative approach to extending credit.
It is important to note that this figure is a snapshot in time and can fluctuate based on various factors, including sales volume, credit terms offered to customers, and the overall economic environment. Franchisees should monitor these figures regularly to assess the financial health and stability of Checkers.