What is Exhibit B-1 to the Checkers Franchise Agreement?

According to the 2025 Checkers Franchise Disclosure Document, Exhibit B-1 to the Franchise Agreement is the Existing Franchisee Incentive Addendum. This addendum appears to be a separate agreement that outlines specific incentives offered to existing Checkers franchisees.

Based on the document excerpts, Checkers may offer incentives to current franchisees who are looking to expand their operations by opening additional locations. These incentives could include a reduction in the initial franchise fee, as indicated by the $10,000 reduction mentioned in the recitals for franchisees opening a restaurant within one year of signing the Franchise Agreement.

For a prospective franchisee, especially one already operating a Checkers or Rally's restaurant, this addendum could represent a significant opportunity to reduce the costs associated with opening a new franchise location. It is important for existing franchisees to carefully review the terms and conditions of the Existing Franchisee Incentive Addendum to fully understand the eligibility requirements, the specific incentives offered, and any obligations they must meet to qualify. Understanding these details is crucial for making informed decisions about expanding their franchise operations with Checkers.