As of January 1, 2024, how many franchisee-operated Checkers restaurants were at the beginning of the period?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchisee-operated restaurants | · ' | |
|---|---|---|
| Beginning of period | 585 | |
| New | 22 | |
| Acquired from the Company | 9 | |
| Sold to the Company | (3) | |
| Closed | (60) | |
| End of period | 547 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, at the beginning of the period on January 1, 2024, there were 585 franchisee-operated restaurants. This number reflects the number of Checkers restaurants that were owned and operated by franchisees at the start of the fiscal year.
Throughout 2024, the number of franchisee-operated Checkers restaurants changed due to several factors. 22 new franchisee-operated restaurants opened, while 60 were closed. Additionally, 9 restaurants were acquired from the company, and 3 were sold to the company. These transactions resulted in a net decrease in the number of franchisee-operated restaurants by the end of the period.
By the end of the period, the number of franchisee-operated Checkers restaurants was 547. This indicates a net decrease of 38 franchisee-operated restaurants during the year. This information is useful for potential franchisees to understand the dynamics of restaurant openings, closures, acquisitions, and sales within the Checkers franchise system.