What information must a proposed Checkers transferee provide to Checkers?

According to Checkers's 2025 Franchise Disclosure Document, a proposed transferee, including their owners if the transferee is a legal entity, must provide Checkers with all information Checkers requests on a timely basis. The individuals must be of good character and reputation, possess sufficient business experience, aptitude, and financial resources to operate the franchised restaurant, and otherwise meet Checkers's approval.

This requirement ensures that any new franchisee taking over an existing Checkers location meets the standards necessary to maintain the brand's reputation and operational effectiveness. Checkers has the right to request a wide range of information to assess the transferee's suitability, including financial statements, business plans, and background checks.

For a prospective Checkers franchisee looking to sell their franchise, it is crucial to find a transferee who not only meets Checkers's financial and operational criteria but is also willing to undergo the scrutiny required for approval. Failure to provide the necessary information or meet Checkers's standards can result in the denial of the transfer, potentially impacting the franchisee's ability to sell the business.