What was the net loss for Checkersrallys as of January 2, 2023?
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 loss for the period from January 3, 2023, through June 16, 2023, was $(91,106) thousand. This figure represents the financial performance of Checkersrallys during that specific timeframe.
This substantial net loss indicates that Checkersrallys's expenses and costs significantly exceeded its revenues during the specified period. Potential franchisees should carefully consider these financial results as they reflect the company's profitability and operational efficiency. A large net loss could suggest underlying issues within the business model or market conditions that require further investigation.
It is important for prospective franchisees to conduct thorough due diligence, including a detailed review of Checkersrallys's financial statements and business plan. Understanding the factors contributing to the net loss and the company's strategies for improvement is crucial for making an informed investment decision. Consulting with a financial advisor is also recommended to assess the potential risks and rewards associated with investing in a Checkersrallys franchise.