What was the total reported value of all assets for Checkersrallys as of January 1, 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
ignificant audit findings, and certain internal control-related matters that we identified during the audit.
Tampa, Florida April 1, 2025
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| Successor | ||
|---|---|---|
| December 30, | January 1, | |
| 2024 | 2024 | |
| 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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the total value of all assets as of January 1, 2024, was $460,717. This figure represents the sum of all current assets, property and equipment, operating lease right-of-use assets, finance lease right-of-use assets, intangible assets, favorable leasehold interests, goodwill, and other assets held by Checkersrallys.
For a prospective franchisee, this number provides a snapshot of the company's financial health and scale at that specific point in time. It reflects the resources Checkersrallys had at its disposal to conduct its business operations. A higher asset value can indicate a more stable and established franchisor, although it's essential to consider this figure in conjunction with liabilities and equity to get a comprehensive understanding of the company's financial position.
It's important to note that this is a historical figure and may not be indicative of Checkersrallys's current asset value. Market conditions, business decisions, and other factors can significantly impact a company's assets over time. Therefore, while this information is useful for initial assessment, prospective franchisees should also review more recent financial statements and conduct thorough due diligence to evaluate the current financial standing of Checkersrallys.