What is the minimum number of Checkers franchises that will be granted within the Development Area?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
the same physical building or operational premises as, another business (such as, for example and without limitation, a gas/convenience store or another restaurant concept), and mobile units located temporarily at special events, such as sports or entertainment events; and (4) restaurants that we purchase (or as to which we purchase the rights as franchisor) that are part of another franchise system or chain, regardless whether such restaurants are converted to operations as "Checkers" or "Rally's"-branded restaurants using any of the Marks and/or the System or whether such restaurants operate under other trademarks, service marks or trade dress and/or use other operating systems.
2.03 Development Obligations. You agree to exert your best efforts to fully develop the market potential for Restaurants in the Development Area. Without limiting the foregoing, you agree to open and operate in the Development Area, in accordance with and pursuant to Franchise Agreements, those cumulative numbers of Restaurants set forth in Section 3(a) of Exhibit A by the corresponding dates set forth therein and to achieve those cumulative numbers in accordance with the timelines set forth in Section 3(b) of Exhibit A (those dates and timelines collectively referred to herein as the "Development Schedule"). Time is of the essence in this Agreement, and we have no obligation under any circumstances to extend any of the dates or timelines in the Development Schedule.
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to the 2025 Checkers Franchise Disclosure Document, Checkers grants franchises for operation of a cumulative number of restaurants set forth in Exhibit A, located within the Development Area.
The franchisee agrees to open and operate the number of restaurants in the Development Area, in accordance with and pursuant to Franchise Agreements, as detailed in Section 3(a) of Exhibit A by the dates in Section 3(b) of Exhibit A.
The franchisee must submit a complete application for a franchise and site application form for each site for a Restaurant that they propose to develop and operate and that they in good faith believe to conform to Checkers' then current standard site selection criteria for Restaurants. Checkers will furnish the franchisee with their standard site selection criteria for Restaurants, as they may establish at any time and from time to time. Checkers will accept or reject each site for which the franchisee submits complete applications.
Time is of the essence in the Development Agreement, and Checkers has no obligation under any circumstances to extend any of the dates or timelines in the Development Schedule.