What is the deadline for opening a Checkers restaurant to be eligible for the Existing Franchisee Incentive?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
--|----|-----|---------|----------|-------------------------------------------------------------------------------------| | | | | | | | | | | RESTAURANTS, INC., a Delaware corporation ("Franchisor," "we," "our," or "us"), and | | | | | | | | | | | ("you" or "your" or "Franchisee"). We and you may each | | | | | be referred to as a "Party," or collectively, the "Parties." | | | | | | |
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Source: Item 22 — CONTRACTS (FDD pages 91–92)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, existing franchisees can benefit from an incentive program. To qualify for the Existing Franchisee Incentive, a franchisee must open their Checkers restaurant within one year of signing the Franchise Agreement. This incentive reduces the initial franchise fee by $10,000.
To be eligible for this incentive, the franchisee must be an existing franchisee in good standing with Checkers or Rally's, operating at least two restaurants under separate franchise agreements. The franchisee must also remain in good standing and comply with all agreements with Checkers or its affiliates, including the Franchise Agreement itself.
This incentive is documented in an addendum to the Franchise Agreement, which modifies the standard terms. Specifically, Section 6.01 of the Franchise Agreement is revised to reflect the $10,000 reduction in the initial franchise fee. This addendum emphasizes that it supersedes any conflicting terms in the original Franchise Agreement, ensuring the incentive's terms are prioritized. The incentive aims to encourage growth among existing franchisees by reducing their initial investment costs, provided they can open their new location promptly.