What was the total value of Checkers' inventory as of 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 the company's inventory as of January 1, 2024, was $2,178. This figure represents the value of raw materials, work-in-progress, and finished goods that Checkers held at that specific point in time.
For a prospective franchisee, understanding the inventory value is crucial as it reflects the scale of operations and the investment in supplies needed to run the business. Efficient inventory management is essential in the restaurant industry to minimize waste and ensure product freshness. A lower inventory value might suggest efficient stock control, while a higher value could indicate overstocking or potential obsolescence issues.
It's important to note that this inventory value is for the overall company and not specific to individual franchise locations. Franchisees will need to manage their own inventory levels based on sales volume, storage capacity, and supply chain logistics. Prospective franchisees should inquire about Checkers's recommended inventory management practices and any support provided to optimize inventory control.