How many Checkers franchise transfers occurred in 2022?

According to Checkers' 2025 Franchise Disclosure Document, there were a total of 36 franchise transfers in 2022. This number is derived from Table No. 2, which specifically tracks transfers of outlets from franchisees to new owners, excluding transfers to the franchisor itself. The table provides a state-by-state breakdown of these transfers, along with a total figure.

Specifically, the data reveals that transfers occurred in several states, including Georgia (1), Illinois (9), Indiana (4), Maryland (3), Michigan (16), North Carolina (2), Kentucky (1), and Virginia (1). Delaware and Florida reported zero transfers during this period. The Item 20 table includes data for 2023 and 2024 as well, showing how transfer activity has changed over the three-year period.

For a prospective Checkers franchisee, this information is relevant for understanding the stability and turnover within the franchise system. A high number of transfers could indicate issues with franchisee profitability or satisfaction, while a low number might suggest a stable and successful network. It's important to note that the FDD also lists the names and contact information of franchisees who have recently left the system, although some may be restricted by confidentiality clauses from discussing their experiences openly. Therefore, prospective franchisees should consider this transfer data in conjunction with other factors, such as the number of terminations, non-renewals, and overall changes in outlet numbers, to gain a comprehensive understanding of the franchise system's health.