What is the range of the asset transfer fee for a Checkers franchise, and when is it due?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of expenditure | Amount | Method of payment | When Due | To whom payment is to be made |
|---|---|---|---|---|
| Initial Franchise Fee (See Note 1) | $20,000 - $30,000 | Lump sum | At time of signing the Franchise Agreement. | Us |
| Initial Advertising Deposit | $15,000 | Lump sum | When you begin construction at the Premises | National Production Fund |
| Asset Transfer Fee | $0 - $10,000 | Lump Sum | At time of signing the Franchise Agreement | Us |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–39)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the asset transfer fee ranges from $0 to $10,000. This fee is paid as a lump sum. The asset transfer fee is due at the time of signing the Franchise Agreement. The payment is made to Checkers.
It is important to note that if a prospective franchisee purchases an existing company-owned Checkers or Rally's Restaurant, they will pay a $10,000 asset transfer fee in addition to the initial franchise fee for that location. The price and terms of payment for that Checkers Restaurant or Rally's Restaurant will be established by mutual agreement.
Prospective franchisees should consider the asset transfer fee when evaluating the overall cost of investing in a Checkers franchise. They should also inquire about the specific circumstances under which the fee may be waived or reduced. Understanding the terms and conditions of the asset transfer fee is crucial for making an informed decision about franchising with Checkers.