What was the total number of Checkers franchise transfers in 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
22 | 0 | | | 2023 | 1 | | | 2024 | 1 | | Tennessee | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Texas | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Virginia | 2022 | 1 |
| State | Year | Number of Transfers | |---|---|---| | | 2023 | 0 | | | 2024 | 0 | | Total | 2022 | 36 | | | 2023 | 6 | | | 2024 | 9 | * A number of these transactions involved a multi-unit franchise selling more than 1 outlet to the same buyer in the same transaction.
Table No. 3 Status of Franchised Outlets For years 2022 to 2024
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Termina- tions | Col. 6 Non- Renewals | Col. 7 Reacquired by Franchisor | Col. 8 Ceased Opera- tions Other Reasons | Col. 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2022 | 11 | 2 | 0 | 0 | 0 | 1 | 12 |
| 2023 | 12 | 0 | 0 | 0 | 0 | 2 | 10 | |
| 2024 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | |
| Arkansas | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | |
| California | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Delaware | 2022 | 4 | 0 | 0 | 0 | 0 | 1 | 3 |
| 2023 | 3 | 1 | 0 | 0 | 0 | 1 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Florida | 2022 | 52 | 1 | 0 | 0 | 0 | 5 | 48 |
| 2023 | 48 | 5 | 0 | 0 | 0 | 10 | 43 | |
| 2024 | 43 | 5 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 78–91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the total number of franchise transfers in 2024 was 9. This figure represents the total number of Checkers restaurants that were transferred from existing franchisees to new owners, excluding transfers back to the franchisor. This information is crucial for prospective franchisees as it provides insight into the stability and desirability of existing Checkers locations.
The FDD provides a detailed breakdown of these transfers by state. For example, in 2024, Louisiana and Maryland each had 4 transfers, while New Jersey had 1. Several states, including Delaware, Florida, Georgia, Illinois, Indiana, Michigan, North Carolina, Tennessee, Texas, Virginia, Ohio, and West Virginia, reported zero transfers during the same year. This state-by-state breakdown can help potential franchisees identify regions where franchise transfers are more common, possibly indicating areas with higher turnover or greater opportunities for acquiring existing restaurants.
It's important to note that the FDD also includes data on transfers in previous years, allowing for a trend analysis. For instance, the total number of transfers was 6 in 2023. Reviewing these historical figures alongside the 2024 data can give a more comprehensive understanding of the franchise transfer activity within the Checkers system. This information is valuable for making informed decisions about entering the Checkers franchise network and assessing the potential for future resales or acquisitions.