According to Checkers' 2025 Franchise Disclosure Document, there were 2 company-owned outlets closed in 2024. The table provided in Item 20 outlines the status of company-owned outlets from 2022 to 2024. At the start of 2024, Checkers had 109 company-owned outlets, and by the end of the year, that number decreased to 107, reflecting a net change of -2.

This information is valuable for prospective franchisees as it provides insight into the performance and changes within Checkers' company-owned operations. Monitoring the number of company-owned store closures can indicate the overall health and strategic direction of the brand. A high number of closures could signal potential issues with the business model or market conditions, while a low number, as seen in 2024, might suggest stability.

It is important to note that while the table shows the total number of closures, it does not provide specific reasons for these closures. A prospective franchisee should inquire about the reasons for any closures, such as underperformance, lease expirations, or strategic decisions, to gain a more comprehensive understanding of the company's operations and potential risks.