What are the total payments due under financing obligations for Checkersrallys in 2027?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
n and $0.6 million as a reduction to long-term debt and a deferred financing cost asset, respectively. The deferred financing cost asset is recognized in Other Current Assets on the balance sheet.
Payments under financing obligations in effect as of January 1, 2024 (Successor) for the next five years and thereafter are as follows:
| 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 |
14. Income Taxes
Prior to the Out-of-Court Restructuring, BossCo Holdings filed a consolidated federal and state (where appropriate) income tax returns which included the Company.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the total payments due under financing obligations in 2027 are detailed in the financial statements. There are two tables that provide information on payments under financing obligations. One table indicates that for the fiscal year ending 2027, the amount due is $10,761.
Another table provides a breakdown of financing obligations relating to sales of restaurants. According to this table, the amount due in 2027 is $155.
Therefore, a prospective Checkersrallys franchisee should carefully review both tables to understand the nature of these financing obligations and how they might impact their investment and financial planning. It is important to note the different types of financing obligations listed and their respective payment schedules.