Are the financial statements of Checkers advertising cooperatives available to franchisees?

According to Checkers' 2025 Franchise Disclosure Document, the financial statements and reports for advertising cooperatives are available to franchisees. The advertising cooperatives are independently administered with assistance from Checkers and an outside independent accounting firm. Decisions within these cooperatives are generally made by a majority vote, with each restaurant having one vote.

Checkers also has a National Production Fund (NPF) for creating marketing materials and advertising campaigns. While the FDD states that NPF, Inc. will prepare an unaudited statement of monies collected and costs incurred by the NPF annually, and furnish a copy upon written request, it does not explicitly state that financial statements of the advertising cooperatives are available to franchisees.

Prospective franchisees should inquire with Checkers about the process for accessing these financial statements and reports to fully understand the cooperative's financial health and how funds are being managed. Understanding the financial operations of both the advertising cooperatives and the NPF is crucial for franchisees to assess the value and effectiveness of their advertising contributions.