For Checkersrallys, what is included in Exhibit H besides the consolidated balance sheets?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| Contents | Page | |
|---|---|---|
| Report of Independent Certified Public Accountants | 3 | |
| Consolidated Financial Statements | ||
| Consolidated balance sheets | 5 | |
| Consolidated statements of operations | 6 | |
| Consolidated statements of stockholders' equity (deficit) | 7 | |
| Consolidated statements of cash flows | 8 | |
| Notes to consolidated financial statements | 9 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, Exhibit H includes several financial statements and reports. Besides the consolidated balance sheets, Exhibit H contains the report of independent certified public accountants, consolidated statements of operations, consolidated statements of stockholders' equity (deficit), consolidated statements of cash flows, and notes to consolidated financial statements. These documents provide a comprehensive overview of Checkersrallys's financial performance and position.
The consolidated statements of operations detail the revenues, expenses, and profits of Checkersrallys over specific periods. The consolidated statements of stockholders' equity (deficit) show changes in the ownership value of the company. The consolidated statements of cash flows illustrate the movement of cash both into and out of the company, categorized by operating, investing, and financing activities. The notes to the consolidated financial statements provide additional context and explanations of the figures presented in the core financial statements.
For a prospective Checkersrallys franchisee, reviewing these documents is crucial for understanding the financial health and stability of the franchisor. It allows them to assess the company's profitability, liquidity, and solvency, which are key indicators of its ability to support its franchisees. Consulting with a financial advisor to interpret these statements is advisable, as it can reveal potential risks and opportunities associated with investing in a Checkersrallys franchise.