What is the minimum number of existing Checkers or Rally's restaurants a franchisee must operate to qualify for the Existing Franchisee Incentive?

According to Checkers's 2025 Franchise Disclosure Document, to qualify for the Existing Franchisee Incentive, a franchisee must already operate a minimum of two Checkers or Rally's restaurants. This incentive reduces the initial franchise fee by $10,000 if the franchisee opens their new restaurant within one year of signing the Franchise Agreement.

This incentive is designed to encourage existing franchisees to expand their operations. By offering a reduced initial franchise fee, Checkers aims to make it more financially attractive for current franchisees to open additional locations. The one-year timeframe to open the new restaurant places a condition on receiving the incentive, likely intended to ensure that franchisees act quickly on their expansion plans.

For a prospective franchisee already operating one Checkers or Rally's location, this implies they would need to acquire or open a second location before being eligible for the Existing Franchisee Incentive. This requirement ensures that the incentive is targeted towards experienced franchisees with a proven track record within the Checkers or Rally's system, rather than those who are new to the brand. It is important to note that this incentive is specifically for existing franchisees looking to expand, and not for new franchisees entering the system.