For Checkers, what is the deadline to open 3 or more restaurants to qualify for a reduction of the initial franchise fee?

According to Checkers' 2025 Franchise Disclosure Document, a franchisee can qualify for a reduction of the initial franchise fee if they meet certain conditions and open three or more restaurants. To receive a 50% reduction of the initial franchise fee for the third and subsequent restaurants, the franchisee must open the restaurants within 18 months of signing the applicable franchise agreement. Furthermore, all restaurants must comply with the then-current reimaging requirements and be open to the general public by December 31, 2026.

To qualify for this incentive, the franchisee, their owners, or their affiliates must also be "Restaurant Net Positive" at the time each franchised restaurant opens. This means that the total number of restaurants they operate must be greater than the number they operated as of December 30, 2024. The specific number of restaurants operated as of this date is not provided in this excerpt.

It's important to note that failure to meet any of these conditions could result in the franchisee having to pay back the amount of the fee reduction. Prospective franchisees should carefully review the franchise agreement and related addenda to fully understand the requirements and potential consequences of non-compliance.