What was the amortization amount for goodwill for Checkersrallys through January 1, 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
t projected to be profitable.
NOTE 9 - GOODWILL AND INTANGIBLE ASSETS, NET
As discussed in Note 4. Business Combination, as part of the business combination, the Company recognized $31.8 million of goodwill. The changes in goodwill during the successor periods are as follows:
| (Successor) |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the balance of goodwill, gross, was $31,767 as of January 1, 2024. The accumulated amortization was ($1,730) through January 1, 2024. Therefore, the balance net was $30,037 on that date.
Goodwill represents the intangible assets acquired in a business combination, and its amortization reflects the expense recognized over time as the value of those assets is used up. For Checkersrallys franchisees, understanding goodwill amortization can be important for assessing the financial health and stability of the company.
The goodwill is amortized over a period of 10 years.