What was the reported value of Checkersrallys' net intangible assets in the most recent year presented?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | |||
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalents | $ 15,562 | $ 12,557 | |
| Accounts and notes receivable, net | 7,717 | 7,399 | |
| Inventory | 2,428 | 2,178 | |
| Prepaid expenses | 5,338 | 5,308 | |
| Other current assets | 799 | 2,867 | |
| Total current assets | 31,844 | 30,309 | |
| Property and equipment, net | 31,679 | 29,309 | |
| Operating lease right-of-use assets | 132,807 | 145,380 | |
| Finance lease right-of-use assets | 31,231 | 22,632 | |
| Intangibles assets, net | 198,723 | 198,849 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkersrallys' 2025 Franchise Disclosure Document, the net intangible assets are detailed in the provided financial statements. The FDD states that the value of Checkersrallys' intangible assets, net, was $198,849 in the most recent year presented.
Intangible assets typically include items like tradenames, franchise agreements, and goodwill. These assets are not physical but have value to the company. The 'net' value means that any amortization or impairment charges have already been subtracted from the original cost.
For a prospective franchisee, understanding the value and composition of these intangible assets can offer insights into the brand's strength and market position. A higher value might suggest a well-recognized brand with established franchise agreements and goodwill. However, it is important to also consider how these assets are being amortized and whether their value is stable over time.