What were the total revenues for Checkersrallys for the year ended December 30, 2024?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
ings (deficit) | 18,785 | (2,656) | | Total stockholders' equity | 117,234 | 95,295 | | Total liabilities and stockholders' equity | $ 455,780 | $ 460,717 | | | | |
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
| 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 | $ | 255,4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the total revenues for the year ended December 30, 2024, were $300,381. This figure represents the consolidated revenues for the company during that fiscal year. It's important to note that this period is considered a "Successor" period due to a Recapitalization Agreement, which may affect the comparability of this figure to previous periods. The FDD also presents financial data for predecessor periods, allowing for a more comprehensive view of the company's financial performance before and after the recapitalization.
For a prospective franchisee, understanding the components of this total revenue is crucial. The total revenue is comprised of restaurant sales ($255,474), franchise and retail royalty revenue ($35,389), and franchise fees and other income ($9,518). Restaurant sales make up the bulk of the revenue, indicating the importance of company-owned restaurant performance. Franchise and retail royalty revenue reflects the income Checkersrallys receives from its franchisees, while franchise fees and other income include initial franchise fees and other miscellaneous earnings.
It is essential for potential franchisees to analyze these revenue streams to assess the financial health and stability of Checkersrallys. Understanding the impact of the Recapitalization Agreement on these figures is also important. Reviewing the complete audited financial statements, including the notes, is recommended to gain a deeper understanding of Checkersrallys's financial condition and performance. This will help in making an informed decision about investing in a Checkersrallys franchise.