What was the net value of accounts and notes receivable for Checkersrallys 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)
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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.
For a prospective franchisee, understanding the accounts and notes receivable is crucial because it reflects the efficiency of Checkersrallys in collecting payments and managing credit. A higher number suggests that Checkersrallys is effectively managing its receivables, while a lower number might indicate potential issues with collections or credit policies. This metric is part of the overall assessment of the company's financial health and stability.
It's important to note that this figure is a snapshot in time and can fluctuate based on various factors, including sales volume, credit terms, and collection efforts. Franchisees should monitor this and other financial metrics to gauge the financial performance of Checkersrallys and its ability to meet its obligations. Reviewing trends in accounts receivable over time can provide valuable insights into the company's financial management practices.