WHAT'S THE DIFFERENCE BETWEEN CHECKERS DRIVE-IN RESTAURANTS AND RALLY'S HAMBURGER?
Checkers acquired Rally’s in 1999, where Rally’s was predominate in the market the Rally’s branding was kept. Checkers & Rally’s have the same menu items and serve the same exact food provided by the same distributors. Support for both brands is provided by the Restaurant Support Center in Tampa.
MINIMUM FINANCIAL REQUIREMENTS?
$750,000 minimum net worth of which $250,000 is liquid per location.
$30,000 per location.
FRANCHISE AGREEMENT TERMS?
20 year term.
ESTIMATED INITIAL INVESTMENT?
$155,400 – $1,286,743 - range based on various building formats and excludes real estate. The average initial investment is $416,197. (A breakdown of costs can be found in Item 7 of the 2015 Franchise Disclosure Document (FDD)).
* Initial investment range based on various building formats and excludes real estate. Per Item 7 in 2014 Checkers Franchise Disclosure Document.
AVERAGE UNIT VOLUME?
Item 19 of the 2015 Franchise Disclosure Document (FDD): Statements of Average Net Sales for the 52 week period ending December 29, 2014. (Based on new restaurants per their first year of operations.)
Corporate Checkers $1,103,866 Rally's $1,222,266
NUMBER OF UNITS?
Item 20 of the 2015 Franchise Disclosure Document (FDD) as of December 29, 2014.
Corporate Franchise Total Checkers 187 328 515 Rally's 149 140 289 804
AVERAGE LENGTH OF TIME TO DEVELOP?
Estimated 6 to 12 months, dependent on site type, permits and construction.
ROYALTY AND ADVERTISING FEES?
- Royalty 4% of net sales
- Total Advertising Expenditure Requirement – 4.5% of Net Sales
- Marketing Cooperative (Coop) Fees – determined by individual Designated Marketing Area (DMA) Coops