What is the date of the auditor's report for Checkersrallys?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
101 E. Kennedy Blvd., Suite 3850 Tampa, FL 33602
D +1 813 229 7201 F +1 813 223 3015
GRANT THORNTON LLP REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Board of Directors Checkers Drive-In Restaurants, Inc. and Subsidiaries
Opinion
We have audited the consolidated financial statements of Checkers Drive-In Restaurants, Inc. and Subsidiaries (the "Company"), which comprise the consolidated balance sheet as of December 30, 2024 (Successor) and the related consolidated statement of operations, changes in stockholders' equity, and cash flows for the year then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 30, 2024 (Successor), and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for opinion
We conducted our audit of the consolidated financial statements in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Other Matter
The consolidated financial statements of the Company as of January 1, 2024 (Successor), for the period from June 17, 2023 through January 1, 2024 (Successor) and the period from January 3, 2023 through June 16, 2023 (Predecessor) were audited by other auditors, who expressed an unmodified opinion on those consolidated financial statements in their report dated August 13, 2024.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the auditor's report from Grant Thornton LLP is related to the consolidated financial statements as of December 30, 2024. A separate audit was conducted by other auditors for the financial statements as of January 1, 2024, for the period from June 17, 2023, through January 1, 2024, and for the period from January 3, 2023, through June 16, 2023.
Additionally, the FDD mentions that Ernst & Young LLP also provided an independent auditor's report on the consolidated financial statements of Checkers Drive-In Restaurants, Inc. The statements cover the balance sheets as of January 1, 2024, and January 2, 2023, and the related consolidated statements of operations, stockholder's equity (deficit), and cash flows for various periods in 2022, 2023 and 2024.
The company has evaluated subsequent events through April 1, 2025, which is the date the financial statements were available to be issued. This evaluation determined that there were no events that have occurred since the consolidated balance sheet date that required disclosure to prevent the consolidated financial statements from being materially misleading.