factual

What documentation is required to demonstrate honorable discharge to qualify for the Vet Fran Incentive for a Checkers franchise?

Checkers Franchise · 2025 FDD

Answer from 2025 FDD Document

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Vet Fran Incentive

We offer an incentive program for eligible veterans of the United States military forces (the "Vet Fran Incentive") under which participants may pay a reduced initial franchise fee (currently $0, or a 100% reduction of our current standard initial franchise fee of $30,000) under their first Franchise Agreement for a new Franchised Restaurant. To qualify, veterans must provide us adequate documentation of their honorable discharge (by submission of a form 1041 or other materials we deem acceptable), the qualified veteran must own at least 51% of the franchisee entity, and the franchisee must sign our required form of Vet Fran Incentive Addendum to the Franchise Agreement (attached as Exh

Source: Item 5 — INITIAL FEES (FDD pages 17–21)

What This Means (2025 FDD)

According to Checkers' 2025 Franchise Disclosure Document, to qualify for the Vet Fran Incentive, veterans must provide adequate documentation of their honorable discharge. Acceptable documentation includes submission of a form 1041 or other materials that Checkers deems acceptable. The qualified veteran must also own at least 51% of the franchisee entity and sign Checkers' required Vet Fran Incentive Addendum to the Franchise Agreement, which is attached as Exhibit B-4 to the Franchise Disclosure Document.

The Vet Fran Incentive offers eligible veterans a reduced initial franchise fee. Currently, this incentive waives the entire initial franchise fee, which is a 100% reduction of the standard $30,000 fee for their first new Franchised Restaurant. This can significantly lower the initial investment required to start a Checkers franchise.

It is important to note that Checkers retains the discretion to determine what materials, beyond form 1041, it will deem acceptable as proof of honorable discharge. A prospective franchisee should confirm with Checkers exactly what documentation will satisfy this requirement to avoid any issues during the application process. The requirement that the veteran own at least 51% of the franchisee entity ensures that the incentive benefits veterans who are actively involved in the ownership and operation of 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.