What was the net income (loss) for Checkersrallys during the year ended December 30, 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
tment | | - | | - | | 181 | | 181 | | | Net income | | - | | - | | 21,260 | | 21,260 | | | Balances at December 30, 2024 | $ | - | $ | 98,449 | $ | 18,785 | $ | 117,234 | |
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Successor | Predecessor | |||||
|---|---|---|---|---|---|---|
| Yea |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the net income for the year ended December 30, 2024, was $21,260. This figure represents the company's profitability during that specific period, reflecting the revenue remaining after all expenses, taxes, and other obligations were paid.
It is important to note that this income figure is labeled under the "Successor" column in the financial statements. The FDD also provides financial data for a "Predecessor" period, which covers January 3, 2023, through June 16, 2023, and a "Successor" period from June 17, 2023, through January 1, 2024, with a net loss of $(2,570) and $(91,106) respectively. These figures offer additional context regarding the financial performance of Checkersrallys over different periods, potentially due to a change in ownership or restructuring.
A prospective franchisee should carefully analyze these figures in conjunction with other financial data provided in Item 21 of the FDD, including the balance sheets and statements of cash flows, to gain a comprehensive understanding of Checkersrallys's financial health and stability. Understanding the reasons behind the fluctuations in net income (loss) between different periods is crucial for assessing the potential risks and rewards associated with investing in a Checkersrallys franchise.