What is the total future minimum lease receipts for Checkersrallys, as of the fiscal year ending 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
for the periods ended January 1, 2024 (Successor), June 16, 2023 (Predecessor), January 2, 2023 (Predecessor), and January 3, 2022 (Predecessor) was $1.9 million, $1.0 million, $3.7 million, and $4.8 million, respectively.
(Tabular Dollars in Thousands, Except Share and per Share Data)
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the total future minimum lease receipts as of the fiscal year ending 2024 is $9,575. This figure represents the sum of the expected lease payments for the years 2024 through 2028 and thereafter. These operating leases are a financial obligation for Checkersrallys.
Specifically, the breakdown of these lease receipts is as follows: $2,064 for 2024, $1,882 for 2025, $1,600 for 2026, $1,212 for 2027, $840 for 2028, and $1,977 thereafter. This provides a detailed view of the expected lease payments schedule for Checkersrallys.
Prospective franchisees should understand that these figures reflect Checkersrallys's obligations as a lessee. Reviewing these figures can help potential franchisees understand the financial health and lease management practices of Checkersrallys. It is important to note that these are minimum lease receipts, and the actual amounts could vary.