table_specific

How many Checkers franchise transfers occurred in Illinois during 2022?

Checkers Franchise · 2025 FDD

Answer from 2025 FDD Document

State Year Number of Transfers
Illinois 2022 9
2023 1
2024 0

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 78–91)

What This Means (2025 FDD)

According to Checkers' 2025 Franchise Disclosure Document, there were 9 franchise transfers in Illinois during 2022. This indicates the number of existing Checkers franchises that were sold to new owners within the state during that year. Franchise transfers can occur for various reasons, such as a franchisee retiring, selling their business, or not renewing their agreement.

For a prospective franchisee, a high number of transfers could signal instability or dissatisfaction among current franchisees, while a low number might suggest a stable and successful franchise system. However, it is important to consider the context behind these numbers. For example, a large number of transfers could be due to a strategic decision by Checkers to consolidate ownership or refresh the franchisee base.

It is also worth noting that the FDD includes additional information related to franchise transfers, such as the names and contact information of franchisees who have transferred their outlets. This information can be valuable for prospective franchisees who want to learn more about the transfer process and the experiences of other franchisees. Reviewing this information in conjunction with the transfer numbers can provide a more comprehensive understanding of franchise activity within the Checkers system. A prospective franchisee should also inquire with Checkers about the reasons for transfers to fully understand the implications.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.