What is the transfer fee for a Checkers Development Agreement?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
nchise Agreements as well as the following table of fees.
| TYPE OF FEE | AMOUNT | DUE DATE | REMARKS (See Note 1) |
|---|---|---|---|
| Transfer Fee | $20,000 | Upon tran |
Source: Item 6 — OTHER FEES (FDD pages 21–30)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the transfer fee for a Development Agreement is $20,000. This fee is due upon transferring the Development Agreement.
This means that if a franchisee with a Development Agreement (the right to open multiple Checkers locations) decides to sell or transfer that agreement to someone else, Checkers will charge a $20,000 transfer fee. This fee is in place to cover Checkers' administrative costs and to ensure that the new developer is properly vetted and approved by the company.
It's important for prospective franchisees to factor this potential cost into their financial planning, especially if they foresee a possibility of needing to transfer their Development Agreement in the future. Franchise transfer fees are a common practice in the franchise industry, allowing franchisors to maintain control over who joins their system and to recoup costs associated with the transfer process.