How many company-operated Checkers restaurants were acquired from a franchisee during the period ending January 3, 2022?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
"CDI", the "Company", "we", "our", or "us"), operates and franchises quick service restaurants in the United States under two similar operating brands, Checkers and Rally's.
The following table summarizes the number and mix of Company-operated and franchised restaurants in operation at the end of each period presented:
| January 1, 2024 (Successor) Zero Successor) For the Periods Ended January 2, January 3, 2022 (Predecessor) Zero Successor) Zero Successor) Zero Successor) Zero Successor) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| · · | 2023 | 2022 | ||||||||
| Company-operated restaurants |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, during the period ending January 3, 2022, Checkers acquired 3.7 company-operated restaurants from franchisees. This number reflects activity related to company-operated restaurants.
It is important to note that the number is expressed as '3.7'. This may indicate a partial acquisition or some other accounting adjustment. A prospective franchisee should seek clarification from Checkers regarding the nature of these fractional acquisitions to fully understand the dynamics of restaurant ownership transitions.
Understanding the frequency and nature of acquisitions from franchisees can provide insight into the health and stability of the Checkers franchise system. It can also highlight potential opportunities or challenges in the relationship between Checkers and its franchisees.