What was the total value of Checkersrallys' accounts and notes receivable, net, in the earlier year presented?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkersrallys' 2025 Franchise Disclosure Document, the total value of accounts and notes receivable, net, was $7,399 in the earlier year presented. This figure represents the amount of money owed to Checkersrallys by its customers or other parties, after accounting for any potential uncollectible amounts.
For a prospective franchisee, accounts and notes receivable can impact their financial stability. A higher number suggests that Checkersrallys may be extending credit to its customers, which could increase sales but also carries the risk of potential defaults. Monitoring these receivables is crucial for maintaining healthy cash flow.
Franchisees should inquire about Checkersrallys' policies for managing accounts receivable, including credit terms, collection procedures, and any historical trends in uncollectible accounts. Understanding these practices will help franchisees assess the financial health of Checkersrallys and its approach to managing credit risk.