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What was the total value of current liabilities assumed by Checkersrallys as part of the restructuring?

Checkersrallys Franchise · 2025 FDD

Answer from 2025 FDD Document

Accounts payable $ (3,126)
Accrued liabilities (21,547)
Accrued wages and benefits (3,829)
Current portion of deferred revenue (2,761)
Current maturities of long-term debt, and financing obligations (923)
Current portion of accrued self-insurance (1,565)
Current portion of Operating Lease Liabilities (11,939)
Current portion of Finance Lease Liabilities V (374)
Total current liabilities (46,064)

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)

What This Means (2025 FDD)

According to Checkersrallys's 2025 Franchise Disclosure Document, the total current liabilities assumed as part of the restructuring amounted to $46,064. This figure represents the sum of several specific liabilities, including accounts payable ($3,126), accrued liabilities ($21,547), accrued wages and benefits ($3,829), the current portion of deferred revenue ($2,761), current maturities of long-term debt and financing obligations ($923), the current portion of accrued self-insurance ($1,565), the current portion of Operating Lease Liabilities ($11,939), and the current portion of Finance Lease Liabilities ($374). These liabilities reflect Checkersrallys's short-term financial obligations at the time of the restructuring.

For a prospective Checkersrallys franchisee, understanding the nature and extent of these assumed liabilities is crucial. It provides insight into the financial health and obligations that Checkersrallys took on during its restructuring. The breakdown of current liabilities into specific categories such as accounts payable, accrued liabilities, and lease obligations offers a detailed view of the company's immediate financial responsibilities.

It is important to note that these figures are as of the specific date mentioned in the financial statement. The actual current liabilities of Checkersrallys may have changed since then. Reviewing these liabilities in the context of the overall financial health of Checkersrallys can help potential franchisees assess the stability and potential risks associated with investing in the franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.