What is the range for the Asset Transfer Fee for a Checkers franchise, and to whom is it paid?
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's 2025 Franchise Disclosure Document, the asset transfer fee ranges from $0 to $10,000. This fee is paid as a lump sum at the time of signing the Franchise Agreement. The recipient of this fee is Checkers itself, referred to as "Us" in the document.
This fee is applicable when a franchisee is acquiring an existing Checkers restaurant. It is important to note that this fee is separate from the initial franchise fee, which ranges from $20,000 to $30,000. The asset transfer fee covers the transfer of the existing restaurant's assets to the new franchisee.
Prospective franchisees should consider the asset transfer fee as part of their initial investment when planning to purchase an existing Checkers location. Understanding when the fee is due and to whom it is paid is crucial for managing the financial aspects of opening a franchise.