What was the reported amount for Checkersrallys for the fiscal year ending in 2024?
Checkersrallys Franchise · 2025 FDDAnswer 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 | Aı | 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.