What is the title of the financial statements being audited for Checkersrallys?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
ers/Rally's Franchise Advisory Council that we established and help support. The council's address is 4300 West Cypress Street, Suite 600, Tampa, Florida 33607; and email address FAC@Checkers.com.
ITEM 21 FINANCIAL STATEMENTS
As a result of the Recapitalization Agreement, the Company is presenting a successor period for the fiscal year ended December 30, 2024 and the period of June 17, 2023, through January 1, 2024 ("Successor Periods") and predecessor periods of January 3, 2023 through June 16, 2023 and fiscal years ended January 2, 2023 and January 3, 2022 (each individually referred to as a "Predecessor Period" and collectively as the "Predecessor Periods"), within the audited financial statements. See footnote 1 within the audited financial statements for further information relating to the transaction.
Attached to this Franchise Disclosure Document as Exhibit H are our audited consolidated balance sheets as of December 30, 2024 (Successor), January 1, 2024 (Successor) and January 2, 2023 (Predecessor), and 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.
EXHIBIT H
FINANCIAL STATEMENTS
Consolidated Financial Statements and Report of Independent Certified Public Accountants
**Checkers Drive-In Restaurants, Inc.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the audited financial statements are titled "Consolidated Financial Statements and Report of Independent Certified Public Accountants". These statements provide a comprehensive overview of Checkers Drive-In Restaurants, Inc. and its subsidiaries' financial performance and position. The document includes financial data as of December 30, 2024 (Successor) and January 1, 2024 (Successor), along with data for the year ended December 30, 2024 (Successor), the period from June 17, 2023 through January 1, 2024 (Successor), and the period from January 3, 2023 through June 16, 2023 (Predecessor).
These audited statements are crucial for prospective franchisees as they offer insights into the financial health and stability of Checkersrallys. The inclusion of both successor and predecessor periods reflects a recapitalization agreement, providing a more detailed financial history. Franchisees can use this information to assess the risks and opportunities associated with investing in a Checkersrallys franchise.
The financial statements include consolidated balance sheets, statements of operations, stockholder's equity (deficit), and cash flows, along with related notes. These components collectively provide a thorough picture of the company's assets, liabilities, profitability, and cash management. The audit reports included with these statements offer an independent opinion on the fairness and accuracy of the financial information presented, enhancing the reliability for potential investors.