table_specific

What was the reported amount for Checkersrallys for the fiscal year ending in 2024?

Checkersrallys Franchise · 2025 FDD

Answer from 2025 FDD Document

Fiscal year ending Amount
2024 $ 93
2025 93
2026 93
2027 95
2028 93
Thereafter 882
Total $ 1,349

Fiscal year ending mount
2024 $ 368
2025 342
2026 314
2027 257
2028 146
Thereafter - 252
Total $ 1,679

Fiscal year ending A mount
2024 $ 3,166
2025 3,166
2026 3,166
2027 3,227
2028 3,166
Thereafter 14,146
Total $ 30,037

Fiscal year ending A mount
2024 $ 1,879
2025 942
2026 994
2027 10,761
2028 74,118
Thereafter 7,290
Total payments 95,984
Less current portion 1,879
Less deferred financing cost 447
Non-current portion $ 93,658

Fiscal year ending A mount
2024 $ 393
2025 393
2026 393
2027 401
2028 262
Total $ 1,842

Amortization expense recognized on the definite-lived intangibles, was $0.1 million, $0.1 million, and $0.5 million for the fiscal year ended December 30, 2024 (Successor) and for the periods from June 17, 2023, through January 1, 2024 (Successor) and from January 3, 2023, through June 16, 2023 (Predecessor), respectively.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)

What This Means (2025 FDD)

According to Checkersrallys's 2025 Franchise Disclosure Document, several tables provide financial figures for the fiscal year ending in 2024. One table shows an amount of $93. Another table lists $368. A further table shows $3,166. Yet another table lists $1,879 and another shows $393. Finally, another table shows amortization expense recognized on the definite-lived intangibles was $0.1 million for the fiscal year ended December 30, 2024.

These varying figures suggest that Checkersrallys is presenting different financial metrics or line items for the same fiscal year 2024 across different tables. It is important to note that the financial statements also distinguish between "Successor" and "Predecessor" periods due to a Recapitalization Agreement, which may impact how financial data is presented and interpreted for different periods within the fiscal year.

A prospective franchisee should carefully review the full audited financial statements and accompanying notes in Exhibit H of the FDD to understand the context and meaning of each reported amount. Understanding the distinction between Successor and Predecessor periods, as well as the specific line items each table represents, is crucial for a comprehensive financial assessment. Consulting with a financial advisor is recommended to fully interpret these figures and their implications for the franchisee's investment.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.