For Checkersrallys, what was the amount of revenue recognized during the period of January 2, 2023?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
545,165 | Total stockholder's equity (deficit) | | 95,295 | | (81,092) | | | Total liabilities and stockholder's equity (deficit) | $ | 460,717 | $ | 545,165 | See accompanying notes to consolidated financial statements
CHECKERS DRIVE—IN RESTAURANTS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
| For the Periods Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| Janua | 2023 through ry 1, 2024 ccessor) | 202: June | January 3, 2023 through June 16, 2023 (Predecessor) | ary 2, 2023 edecessor) | ary 3, 2022 | |||
| Reve |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the total revenues recognized for the period ended January 2, 2023 (Predecessor) amounted to $332,024. This figure is comprised of several revenue streams. Restaurant sales accounted for $291,447 of the total. Franchise and retail royalty revenue contributed $29,613. Franchise fees and other income added $10,964 to the total revenue for that period.
These figures provide insight into the revenue composition for Checkersrallys during the specified period. Restaurant sales form the bulk of the revenue, indicating the importance of direct sales from restaurant operations. Franchise and retail royalty revenue represent income derived from the franchise network, while franchise fees and other income include initial fees and other miscellaneous income sources.
A prospective franchisee should consider these revenue components when evaluating the potential financial performance of a Checkersrallys franchise. Understanding the relative contributions of restaurant sales, royalties, and fees can help in forecasting revenue streams and assessing the overall financial viability of the franchise. It's also important to note that these figures represent past performance and may not be indicative of future results.
It is important to note that the period ended January 2, 2023, refers to the 52-week period ended January 2, 2023. This clarification is essential for accurately interpreting the financial data presented in the FDD. A potential franchisee should also investigate how these revenue streams might vary based on location, market conditions, and operational strategies.