For Checkersrallys, what specific dates are covered by the 'Successor' period that ended January 1, 2024?

According to Checkersrallys's 2025 Franchise Disclosure Document, the Successor period that ended on January 1, 2024, covers the period from June 17, 2023, to January 1, 2024. This information is relevant because Checkersrallys presents its financial statements using both Successor and Predecessor periods due to a Recapitalization Agreement.

The distinction between Successor and Predecessor periods is important for prospective franchisees as it reflects a significant change in the company's financial structure or ownership. Understanding the specific dates for each period allows franchisees to accurately interpret and compare the financial performance of Checkersrallys before and after the recapitalization. This can influence their assessment of the franchise's stability and growth potential.

Specifically, the FDD includes audited consolidated balance sheets as of December 30, 2024 (Successor), January 1, 2024 (Successor) and January 2, 2023 (Predecessor). It also contains the related consolidated statements of operations, stockholder's equity (deficit) and cash flows for the fiscal year ending December 30, 2024 (Successor), the periods June 17, 2023 through January 1, 2024 (Successor) and January 3, 2023 through June 16, 2023 (Predecessor), and the fiscal years ending January 2, 2023 (Predecessor) and January 3, 2022 (Predecessor), and the related notes.

Therefore, when reviewing Checkersrallys's financial statements, franchisees should pay close attention to the Successor and Predecessor designations to understand which period the data refers to and how the recapitalization may have impacted the company's financial results. This understanding is crucial for making informed decisions about investing in a Checkersrallys franchise.