What was the balance at the beginning of the period for Checkersrallys for the year ended January 2, 2023?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
Retirement and Refranchising Costs
The following table summarizes the activity related to the "reserves for restaurant retirement and refranchising costs," including the income or expense recognized in "restaurant retirement costs" and "net loss on sales of restaurants" in the accompanying consolidated statements of operations:
| | Be | ance at giuning Period | | pense, Net | | Cash Dutlays | Adj | ustments | F | Balance at End of Period | |----------------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the balance at the beginning of the period for the year ended January 2, 2023, was $4,834.
This figure represents the starting point for whatever financial metric is being tracked in the table. In this case, the table shows the changes and adjustments made over the course of the year ended January 2, 2023, to arrive at the ending balance.
For a prospective Checkersrallys franchisee, understanding these beginning and ending balances, along with the intervening changes, can provide insight into the financial dynamics of the company during that period. It's important to consider what this balance represents (e.g., cash, equity, debt) to fully understand its implications.