What is the deadline to open 3 or more Checkersrallys restaurants to qualify for the reduction of the initial franchise fee?

According to Checkersrallys's 2025 Franchise Disclosure Document, a franchisee can qualify for a reduction of the initial franchise fee if they meet certain conditions and open three or more restaurants by a specific deadline. To receive a 50% reduction on the initial franchise fee for the third and subsequent restaurants, the franchisee must meet the conditions outlined in section 3(a) of the franchise agreement. These conditions include opening the franchised restaurant to the general public within 18 months of signing the franchise agreement and complying with the then-current reimaging requirements. Additionally, the franchisee, their owners, or their affiliates must be 'Restaurant Net Positive' at the time the franchised restaurant opens, meaning they operate more restaurants than they did as of December 30, 2024.

The critical deadline to open these restaurants is December 31, 2026. The restaurants must comply with the then-current reimaging requirements and be open to the general public within 18 months of signing the applicable franchise agreement. Meeting these requirements allows the franchisee to benefit from the reduced initial franchise fee, making expansion more financially feasible.

It's important to note that failure to meet any of these conditions can result in the franchisee being required to pay back the amount of the fee reduction. This repayment would be due no later than 30 days after written notice from Checkersrallys. Therefore, prospective franchisees should carefully consider their ability to meet these development timelines and operational requirements before committing to opening multiple locations to qualify for the incentive.