What was the total reported value of Checkersrallys' total assets as of December 30, 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 | 31,231 | 22,632 |
| Intangibles assets, net | 1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the company's total assets as of December 30, 2024, were valued at $455,780. This figure represents the sum of all assets owned by Checkersrallys at that specific point in time. For comparison, on January 1, 2024, the company's total assets were reported as $460,717.
These assets are categorized into several types, including 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. Current assets, which are expected to be converted into cash within a year, totaled $31,844 as of December 30, 2024. Property and equipment, net of depreciation, amounted to $31,679. Intangible assets, net of amortization, were the most significant component, valued at $198,723.
A prospective franchisee should understand how Checkersrallys manages its assets, as this can impact the financial stability and operational efficiency of the franchise system. Reviewing the detailed breakdown of assets and liabilities can provide insights into the company's financial health and its ability to support franchisees. Understanding these figures is crucial for assessing the overall financial position of Checkersrallys.