What is the deadline for opening a Checkers restaurant to qualify 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, which reduces the initial franchise fee by $10,000, the franchisee must open their Checkers restaurant within one year of signing the Franchise Agreement.
This incentive is designed to encourage existing franchisees to expand their operations. By opening a new restaurant within the specified timeframe, franchisees can significantly reduce their initial investment. This can be a considerable advantage, especially for franchisees looking to grow their portfolio of Checkers restaurants.
However, it's important to note that this incentive is specifically for existing franchisees of Checkers or Rally's restaurants. New franchisees would not be eligible for this particular incentive. Additionally, the franchisee must meet all other qualifications and remain in good standing with Checkers to receive the reduced fee. Meeting the one-year deadline is a critical condition to take advantage of the $10,000 reduction in the initial franchise fee.