What is the estimated range for Restaurant Building costs for a Checkersrallys Conversion 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 |
| Restaurant Building Costs (See Note 2) | $395,000 - $477,250 | Dependent upon bank financing | Dependent upon bank financing | Contractors, Suppliers, Lending Institutions |
| Restaurant Equipment & Technology (See Note 2) | $75,500 - $352,000 | As incurred | On ordering | Suppliers |
| Column 1 Type of expenditure | Column 2 Amount | Column 3 Method of payment | Column 4 When Due | Column 5 To whom payment is to be made |
| Soft Costs (See Note 3) | 27,500 – 33,000 | Dependent upon bank financing | Dependent upon bank financing | Contractors, Suppliers, Lending Institutions |
| Signage including | $14,725 - | As incurred | On ordering | Us or Other |
| Menuboards | $17,729 | Supplier | ||
| Inventory (See Note | $4,000 - | As incurred | When delivered | Suppliers |
| 4) | $12,000 | |||
| Additional Funds - 3 Months (See Note 5) | $50,000 - $120,000 | As incurred | As incurred | Employees, suppliers, utilities, etc. |
| TOTAL ESTIMATED INITIAL INVESTMENT (exclusive of real estate and related costs (see Note 2 and 6)) | $601,725 – $1,066,979 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–39)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the estimated cost for Restaurant Building Costs for a Conversion Restaurant ranges from $395,000 to $477,250. These costs are usually financed through a bank. Payments are made to contractors, suppliers, and lending institutions.
The FDD specifies that a Conversion Restaurant involves converting an existing freestanding drive-thru restaurant of another brand or other retail building into a Checkersrallys Restaurant. The estimated building size for a conversion is between 1,008 to 3,000 square feet, situated on a lot of approximately 19,080 to 30,000 square feet.
The Restaurant Building costs include site development using conventional construction methods. However, these costs can fluctuate significantly based on the condition of the premises when it's handed over by the seller or landlord. Other factors impacting the costs include site-specific requirements, as well as material and labor costs, which can vary depending on the region and specific location of the restaurant.