What was the net change in the number of company-owned Checkers outlets during 2022?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
, 2023 for fiscal year 2022, January 1, 2024 for fiscal year 2023, and December 30, 2024 for fiscal year 2024.
CHECKERS RESTAURANTS
Table No. 1 System-wide Outlet Summary For years 2022 to 2024
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | |---|---|---|---|---| | Franchised | 2022 | 413 | 413 | 0 | | | 2023 | 413 | 379 | -34 | | | 2024 | 379 | 362 | -17 | | Company-Owned | 2022 | 139 | 132 | -7 | | | 2023 | 132 | 126 | -6 | | | 2024 | 126 | 122 | -4 | | Total Outlets | 2022 | 552 | 545 | -7 | | | 2023 | 545 | 505 | -42 | | | 2024 | 505 | 484 | -21 | Table No.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 78–91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, there are two different reports on the net change in company-owned outlets during 2022. One report indicates a net decrease of 7 company-owned outlets, while the other indicates a net decrease of 9 company-owned outlets. These discrepancies could be due to differing accounting methods, inclusion/exclusion of temporary closures, or territory definitions.
The first table shows that Checkers had 139 company-owned outlets at the start of 2022 and 132 at the end of the year, resulting in a net change of -7. The second table shows that Checkers had 129 company-owned outlets at the start of 2022 and 120 at the end of the year, resulting in a net change of -9.
As a prospective franchisee, it would be prudent to seek clarification from Checkers regarding these discrepancies. Understanding the reasons behind these differences is essential for making an informed investment decision. Specifically, a franchisee should ask about the criteria used to classify an outlet as company-owned versus franchised, and how temporary closures are accounted for in these reports.