What was the net change in the number of franchised Checkers outlets during the year 2023?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 166 | 176 | +10 |
| 2023 | 176 | 173 | —3 | |
| 2024 | 173 | 170 | -3 | |
| Company-Owned | 2022 | 129 | 120 | -9 |
| 2023 | 120 | 109 | -11 | |
| 2024 | 109 | 107 | -2 | |
| Total Outlets | 2022 | 295 | 296 | +1 |
| 2023 | 296 | 282 | -14 | |
| 2024 | 282 | 277 | -5 |
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 tables showing the system-wide outlet summary. One table indicates a net decrease of 3 franchised locations during 2023, while the other indicates a net decrease of 34 franchised locations during 2023. This discrepancy could be due to different accounting methods or inclusion criteria for the outlets.
It is important to note that the FDD states that the fiscal year end dates are January 2, 2023 for fiscal year 2022, January 1, 2024 for fiscal year 2023, and December 30, 2024 for fiscal year 2024. This is important to consider when evaluating the data provided in the tables.
A prospective franchisee should seek clarification from Checkers regarding the discrepancy in the net change figures for franchised outlets in 2023. Understanding the reasons behind these differences is crucial for making an informed investment decision. Specifically, the prospective franchisee should inquire about the criteria used to classify an outlet as franchised and the accounting methods used to track outlet openings and closures.