How many company-operated Checkers restaurants were at the beginning of the period ending January 2, 2022?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | ||||||||||
| Beginning of period | 255 | 266 | 264 | |||||||
| New | 2 | - | 3 | |||||||
| Acquired from franchisee | 4 | 3 | 3.7 | |||||||
| Sold to franchisee | 91 | (9) | 7 | |||||||
| Closed | (19) | (5) | (1) | |||||||
| End of period | 238 | 255 | 266 |
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 ending January 2, 2022, there were 264 company-operated restaurants. This number represents the starting point for tracking changes in the number of company-owned locations throughout that fiscal year.
Throughout the year ending January 2, 2022, Checkers opened 3 new company-operated restaurants and acquired 3.7 from franchisees. However, 7 were sold to franchisees and 1 was closed. These transactions resulted in a net change in the number of company-operated restaurants.
For a prospective franchisee, this data provides insight into Checkers' corporate strategy regarding company-owned versus franchised locations. A significant decrease in company-operated stores could indicate a greater emphasis on franchising, while an increase might suggest the opposite. Understanding this balance can help a franchisee assess the franchisor's commitment to both business models.
It's important to note that the number of company-operated restaurants can fluctuate due to various factors, including acquisitions, sales, closures, and new openings. Monitoring these changes over time, as presented in the FDD, can offer a more comprehensive understanding of Checkers' growth and development strategies.