When is the Asset Transfer Fee due for a Checkersrallys Site Built Restaurant?
Checkersrallys 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 Checkersrallys's 2025 Franchise Disclosure Document, the asset transfer fee, which ranges from $0 to $10,000, is due at the time of signing the Franchise Agreement. This fee is paid to Checkersrallys. This information is listed within the estimated initial investment breakdown for a Site Built Restaurant.
For prospective Checkersrallys franchisees, this means that the asset transfer fee is one of the initial costs that must be paid upfront when finalizing the franchise agreement. It's important to note that while the fee is listed as a range, the actual amount will be determined by Checkersrallys and should be clearly stated in the franchise agreement.
Understanding when this fee is due allows franchisees to plan their finances accordingly and ensure they have the necessary funds available at the time of signing. This fee is in addition to other initial costs such as the initial franchise fee and initial advertising deposit, so it's crucial to have a comprehensive understanding of all upfront expenses.