What was the net change in the number of franchised Checkers outlets during the 2023 fiscal year?
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' 2025 Franchise Disclosure Document, there is conflicting data regarding the net change in the number of franchised outlets during the 2023 fiscal year. One table indicates a decrease of 3 franchised outlets, while another indicates a decrease of 34 franchised outlets. These discrepancies could be due to different reporting methods or the inclusion/exclusion of certain types of closures or transfers.
Specifically, one table shows that Checkers had 176 franchised outlets at the start of 2023 and 173 at the end of the year, resulting in a net decrease of 3 units. In contrast, another table indicates that Checkers had 413 franchised outlets at the start of 2023 and 379 at the end of the year, resulting in a net decrease of 34 units.
Given these conflicting figures, it is essential for a prospective Checkers franchisee to seek clarification from the franchisor regarding the discrepancy in outlet numbers. Understanding the reasons behind these differences is crucial for assessing the stability and growth of the franchise system. A potential franchisee should inquire about the specific criteria used for classifying outlet closures, transfers, and other changes in the franchise network.