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 ($10,000 deposit per location at signing of Development Agreement).
FRANCHISE AGREEMENT TERMS?
20 year term.
ESTIMATED INITIAL INVESTMENT?
$165,000 – $1,223,400 - range based on various building formats and excludes real estate (A breakdown of costs can be found in Item 7 of the Franchise Disclosure Document (FDD).
AVERAGE UNIT VOLUME?
Item 19 of the Franchise Disclosure Document (FDD): Statements of Average Net Sales for the 52 week period ending December 31, 2012
Corporate Franchise Total Checkers $973,629 $922,412 $941,240 Rally's $927,318 $783,203 $846,035
NUMBER OF UNITS?
Item 20 of the Franchise Disclosure Document (FDD) as of December 31, 2012
Corporate Franchise Total Checkers 174 315 489 Rally's 147 141 288 777
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
- National Production Fund Contributions – 0.375% of net sales
- Total Advertising Expenditure Requirement – up to 5% of net sales
- Marketing Cooperative (Coop) Fees – determined by individual Designated Marketing Area (DMA) Coops
- Opening Advertising - $10,000 used to conduct grand opening advertising and promotion program (paid at time of signing the Franchise Agreement)