What financial information might Checkers require from franchisees and their owners?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
- (c) We also may require that you and your Owners furnish us financial statements (historical and pro forma), statements of the sources and uses of capital funds, budgets and other information regarding yourself, your Owners and the development and operation of any Restaurant you propose, as well as any then-existing Restaurants you and your Affiliates own. All such information shall be verified by you and your Owners as being complete and accurate in all respects, shall be submitted to us in accordance with our requirements and will be relied on by us in determining whether to grant a franchise for the proposed Restaurant. We may refuse to grant you a franchise for a Restaurant if you fail to demonstrate sufficient financial and management capabilities to properly develop and operate the proposed Restaurant and the then existing Restaurants you and your Affiliates own. We will evaluate such financial and management capabilities in accordance with standards we use to establish Restaurants in other comparable market areas.
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, Checkers may require franchisees and their owners to furnish financial statements, both historical and pro forma. These statements provide a view of past performance and projected future financial outcomes. Checkers might also ask for statements detailing the sources and uses of capital funds, offering insight into how the franchisee plans to finance and manage the business.
In addition to financial statements, Checkers may request budgets and other information pertaining to the franchisee, their owners, and the development and operation of any restaurant they propose to open, as well as any existing Checkers restaurants owned by the franchisee or their affiliates. This allows Checkers to assess the overall financial health and management capabilities of the franchisee and their organization.
All financial information provided must be verified by the franchisee and their owners as complete and accurate. Checkers will rely on this information to determine whether to grant a franchise. Checkers may refuse to grant a franchise if the franchisee cannot demonstrate sufficient financial and management capabilities to properly develop and operate the proposed restaurant, as well as any existing restaurants they or their affiliates own. Checkers will evaluate these capabilities using standards comparable to those used in other similar market areas.