What was the net income or loss for Checkersrallys as of June 16, 2023?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 30, | 2023 through | 2023 through | ||
|---|---|---|---|---|
| 2024 | January 1, 2024 | June 16, 2023 | ||
| Operating activities: | ||||
| Net income (loss) | $ 21,260 | $ (2,570) | (91,106) |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the net loss as of June 16, 2023, was $(91,106). This figure represents the company's financial performance up to that specific date. It is important to note that this is a loss, indicating that Checkersrallys's expenses exceeded its revenues during that period.
This net loss can be influenced by various factors, including restaurant sales, royalty revenue, costs of goods, labor expenses, and other operating expenses. For instance, the document shows that for the period up to June 16, 2023, restaurant sales were $130,191, while total costs and expenses amounted to $229,584. The interest expense also contributed to the net loss, totaling $(18,326) for the same period.
Prospective franchisees should consider this net loss in the context of the company's overall financial health and trends. It would be prudent to investigate the reasons behind the loss and understand whether it is part of a strategic investment phase or indicative of deeper financial challenges. Further analysis of Checkersrallys's financial statements and discussions with existing franchisees may provide additional insights into the company's financial stability and future prospects.