What is the standard transfer fee for a Checkers franchise to a new franchisee?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
ture, equipment, signs and supplies in accordance with our then current requirements and specifications for Restaurants within the time period we specify following the effective date of the transfer (we will advise the transferee before the effective date of the transfer of the specific actions that it must take and the time period within which such actions must be taken);
- (i) you must ensure that we receive, before we will approve any proposed transferee to begin conducting business activities at the Franchised Restaurant as its authorized operator, a transfer fee equal to Twenty Thousand Dollars ($20,000) (or, if the proposed transferee is a then-current franchisee of a Restaurant, a transfer fee equal to Ten Thousand Dollars ($10,000)), provided, however, if this Agreement is being transferred as part of a transaction involving franchise agreements for multiple Restaurants and the franchise agreement for each Restaurant will be transferred on the same day, notwithstanding anything to the contrary in any other franch
Source: Item 22 — CONTRACTS (FDD pages 91–92)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the standard transfer fee when transferring to a new franchisee is $20,000. However, if the transfer is to a then-current Checkers franchisee, the transfer fee is $10,000.
If the transfer involves multiple Checkers restaurants and the franchise agreement for each restaurant is transferred on the same day, the transfer fee is $20,000 (or $10,000 if the transferee is a current franchisee) for the first restaurant, plus $5,000 for each additional restaurant being transferred. This applies regardless of any conflicting terms in other franchise agreements included in the transfer.
It is important to note that this transfer fee is required before Checkers will approve the proposed transferee to begin business activities at the franchised restaurant. This fee is in addition to any other requirements or conditions that Checkers may impose on the transfer, such as upgrades or remodels to meet current brand standards.