What were the total restaurant sales for Checkersrallys for the year ended December 30, 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| Successor | Predecessor | |||||
|---|---|---|---|---|---|---|
| Year Ended December 30, 2024 | Period from June 17, 2023 through January 1, 2024 | Period from January 3, 2023 through June 16, 2023 | ||||
| Revenues | ||||||
| Restaurant sales | $ | 255,474 | $ | 141,217 | $ | 130,191 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the total restaurant sales for the year ended December 30, 2024, amounted to $255,474. This figure represents the revenue generated from all Checkersrallys restaurants, both company-owned and franchised, during that fiscal year. It's a key indicator of the brand's overall performance and market acceptance.
It is important to note that the 2024 fiscal year is presented as a "Successor Period" due to a Recapitalization Agreement. This means there were significant changes in the company's structure or ownership during that time. The FDD also includes financial data for the "Predecessor Periods" (January 3, 2023 through June 16, 2023), providing a basis for comparison before the recapitalization. For the period from June 17, 2023, through January 1, 2024, restaurant sales were $141,217, and for the period from January 3, 2023, through June 16, 2023, restaurant sales were $130,191.
A prospective franchisee should carefully examine the circumstances surrounding the Recapitalization Agreement and how it may have impacted Checkersrallys's financial performance. Understanding the reasons for the recapitalization and its effects on sales trends, costs, and profitability is crucial for making an informed investment decision. Reviewing the complete audited financial statements and related notes, included as Exhibit H to the FDD, will provide further insights into the company's financial condition and operating results.
Furthermore, a potential franchisee might want to compare these sales figures with those of previous years and with industry benchmarks to assess Checkersrallys's competitive position and growth potential. Investigating the factors that contributed to the reported restaurant sales, such as menu changes, marketing campaigns, or economic conditions, can offer a more comprehensive understanding of the brand's performance drivers.