What was the gross balance of Checkersrallys' amortization for the period ending December 30, 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| Period | 2024 | 2024 | ||
|---|---|---|---|---|
| Balance, gross 10 years | $31,767 | $ 31,767 | ||
| Less: accumulated amortization | (4,895) | (1,730) | ||
| Balance, net | $26,872 | $ 30,037 | ||
| Fiscal Year Ending | Amount | |||
| 2025 | $3,166 | |||
| 2026 | 3,166 | |||
| Thereafter | Total 2024 | 11,042 $26,872 2024 | ||
| Tradenames, indefinite-lived | $197,500 | $197,500 | ||
| Definite-lived intangible assets, net | 1,223 | 1,349 | ||
| Intangible assets. net | $198,723 | $198,849 | ||
| Fiscal Year Ending | Amount | |||
| 2025 | $91 | |||
| Thereafter | Total | 769 $1,223 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkersrallys' 2025 Franchise Disclosure Document, the gross balance of amortization for the period ending December 30, 2024, was $31,767. This figure represents the historical cost of intangible assets that have been subject to amortization up to that date, before accounting for any accumulated amortization.
For a prospective Checkersrallys franchisee, understanding the amortization schedule is crucial for financial planning. Amortization is the systematic reduction of the carrying value of an intangible asset, such as franchise agreements, over its useful life. The FDD also lists the balance for January 1, 2024, as $31,767.
The FDD also provides a breakdown of definite-lived intangible assets, net, as $1,223 with $91 listed for the fiscal year ending 2025. The total for thereafter is $1,223. This information is useful for projecting future expenses and understanding the long-term value of these assets. Reviewing these figures allows a franchisee to assess the financial health and stability of Checkersrallys.