What was the net value of Checkersrallys' accounts and notes receivable as of January 1, 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
ignificant audit findings, and certain internal control-related matters that we identified during the audit.
Tampa, Florida April 1, 2025
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| Successor | ||
|---|---|---|
| December 30, | January 1, | |
| 2024 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the net value of accounts and notes receivable as of January 1, 2024, was $7,399. This figure represents the amount of money that Checkersrallys expected to receive from its customers and other parties, after deducting any allowances for doubtful accounts. This is a snapshot of what Checkersrallys was owed at that specific point in time.
For a prospective franchisee, understanding the accounts and notes receivable is crucial because it reflects the efficiency of Checkersrallys in collecting payments and managing its credit policies. A higher number might indicate strong sales, but it could also signal potential issues with collecting payments. Conversely, a lower number suggests efficient collection practices or lower sales volume.
It's important to note that this figure is just one component of Checkersrallys' overall financial health. Franchisees should consider this value in conjunction with other financial metrics, such as cash flow, total assets, and liabilities, to gain a comprehensive understanding of the company's financial stability and performance. Reviewing trends in accounts receivable over time can also provide insights into the consistency and reliability of Checkersrallys' revenue streams.