What were the general and administrative expenses for Checkersrallys for the period January 3, 2022?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
nd ($0.9) million for the periods ended January 1, 2024 (Successor), June 16, 2023 (Predecessor), January 2, 2023 (Predecessor), and January 3, 2022 (Predecessor), respectively. These amounts were recorded in the consolidated statements of operations as shown below.
(Tabular Dollars in Thousands, Except Share and per Share Data)
| For the | Periods | For the Years Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| June 17, 2023 through January 1, 2024 (Successor) | January 3, 2023 through June 16, 2023 (Predecessor) | ry 2, 2023 lecessor) | January 3, 2022 (Predecessor) | |||||||
| Franchis |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the general and administrative expenses for the year ended January 3, 2022 (Predecessor) were $(9) (in thousands). This means that Checkersrallys had a negative expense of $9,000 for general and administrative costs during this period.
It's important to note that the table presents figures in thousands of dollars, so the value $(9) represents a negative $9,000. This could be due to various factors such as adjustments, corrections, or recoveries related to general and administrative expenses during that specific period.
A prospective franchisee should investigate the reasons behind this negative expense to fully understand Checkersrallys's financial reporting and operational practices. Understanding the context behind this figure is essential for making informed decisions about investing in a Checkersrallys franchise.