How much do Checkers franchise owners make?
Checkers Drive-In Restaurants Franchise Owners earn $84,000 annually, or $40 per hour, which is 33% higher than the national average for all Franchise Owners at $60,000 annually and 24% higher than the national salary average for all working Americans.
How much is a franchise for checkers?
Facts & FiguresLiquid capital required$250,000Net worth required$750,000Investment$724,523 - $2,009,400Franchise fee$30,000Royalty4.0%4 more rows
Is Checker a franchise?
Founded by James E. Mattei in Mobile, Alabama in 1986, Checkers and Rally's is one of the largest hamburger drive-thru restaurant franchises in the United States.
How much does it cost to build a checkers?
Estimated initial investment? $790,797 – $2,368,316 – Initial investment range based on various building formats and excludes real estate. Per Item 7 in the 2022 Checkers & Rally's Franchise Disclosure Document (FDD).
How much does spar franchise cost?
Start-up-costs for buying an exisiting store (40% unencumbered ) : KWIKSPAR from R5 million. SPAR from R8 million. SUPERSPAR from R10 million.
Is Pick n Pay a franchise?
Pick n Pay started as a family-run business, but has since grown to include 1,795 stores, of which 719 are franchises covering their supermarkets, express, clothing and liquor stores.
Who is the owner of Checkers franchise?
Oak Hill Capital PartnersCheckers and Rally'sCheckers Drive-In (originally a Rally's), Taylor, MichiganProductsBurgers, hot dogs, chicken, fish, hot wings, french fries, shakes, soft drinksRevenueUS$ 521 millionOwnerOak Hill Capital PartnersWebsitecheckers.com rallys.com7 more rows
Does Rick Ross own checkers?
Ross owns over 20 Wingstop locations, has franchise ownership in Checkers and Rally's restaurants, and partnerships with Luc Belaire and Bumbu spirit brands, Rap Snacks, and VERZUZ.
Who is the CEO of Checkers?
Frances Allen (Feb 2020–)Checkers and Rally's / CEO
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How much does it cost to open a Sonic franchise?
How much does it cost to open a traditional SONIC? The license fee for a traditional SONIC restaurant is $45,000, with a total investment ranging from $1,242,200 to $3,537,700 (excluding land).
Is Checkers a publicly traded company?
Checkers, which debuted as Rally's Hamburgers in 1985 and opened the first Checkers a year later, was a public company until 2006 when Wellspring Capital purchased the fast food chain for an estimated $188 million.
How much does it cost to open a Rally's?
Checkers & Rally's franchisees should have a minimum net worth of $750,000, as well as minimum liquid assets of $250,000. Franchising costs include: Franchise fee - $30,000 per restaurant.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
Who is the CEO of Checkers?
Frances Allen (Feb 2020–)Checkers and Rally's / CEO
How much does it cost to open a Sonic franchise?
How much does it cost to open a traditional SONIC? The license fee for a traditional SONIC restaurant is $45,000, with a total investment ranging from $1,242,200 to $3,537,700 (excluding land).
What is a checkers franchise?
Checkers franchise is known for having great tasting "hand-seasoned" burgers and fries combined with fast service because the double drive-thru allows service twice as fast as big competitors. On-the-go patrons appreciate the quick service with the added benefit of a value-driven menu offering great food at a great price.
How many Dickey's locations are there?
Dickey's is the largest Barbecue franchise in the world and is an award winning brand. With over 500 locations in 43 states as well international locations, their smokin' franchise has been treating guests to great tasting barbecue since 1941. No restaurant experience needed, total training and support provided.
Is Checkers Drive In a franchise?
Checkers Drive-In is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $300,000 .
Be Bold and Own
Interested in getting more information and starting the process of ownership? We don’t blame you.
Financial Proposition
Our Drive-Thru restaurants utilize smaller footprints and efficient buildings for compelling unit economics.
Commitment
With over 30 years in business, we are focused on our franchisees and their profitability.
Testimonials
What excites me about the brand is the food - the bold flavors. It's the food that attracted me to Checkers and the leadership & brand culture that keeps me excited about the future.
Checkers & Rally's - On The Path To 1000 Restaurants!
Checkers & Rally's is a proven drive-thru concept with over 30 years experience with its bold and flavorful food and amazing value for our guests. Our strong return on investment, small real estate footprint, modular design and competitive growth incentives makes us a great addition to your portfolio.
Grow With Us
Our proven double drive-thru model, with dedicated e-commerce lanes and no interior dining room are driving revenue for our franchisees. Our focus on profitability, operational throughput and our franchisee relationship aligns us with franchisee values.
Ideal Candidate
We are looking for multi-unit franchisees and individuals with prior restaurant/business experience who are seeking a financial investment. Our financial criteria are: Minimum of $750,000 Net Worth and $250,000 Liquid Assets per location.
Request Information
Looking for more information about Checkers Drive-In Restaurants? Take a moment to fill out our quick information request form.
When did they begin franchising?
They began franchising in 1991. The average Burgers franchise began franchising in 2008.
How many franchise locations do they have?
As of the 2021 Franchise Disclosure Document, there are 583 franchised Checkers & Rally's locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
How much does it cost to franchise a checkers rally?
1. Initial Franchise Fee: $15,000 to $30,000. The standard initial franchise fee is $30,000. If Checkers/Rally’s has approved the location of the Franchised Restaurant prior to signing the Franchise Agreement, then you must pay the full amount of the initial franchise fee when you sign the Franchise Agreement.
How much royalties are there in restaurants?
6. Royalty: 4% of your Net Sales, or 2% of your Net Sales if you operate a Restaurant from a Non-Traditional Site
Do you have to use Point to Point encryption at a franchised restaurant?
You are required to use a Point to Point encryption credit card processing solution at the Franchised Restaurant from one of Checkers/Rally’s preferred vendors. If you choose to use the Connected Payment service offered by Aloha, you must pay Checkers/Rally’s or its affiliate directly and Checkers/Rally’s will then pay Aloha for these services.
Does Checkers rally receive security deposits?
During Checkers /Rally’s 2020 fiscal year, it did not receive any security deposits from franchisees.
Is checker fee fully earned?
This fee is fully earned by Checkers/Rally’s as of the effective date of the Franchise Agreement.
Do you need a firewall for a franchise?
You are required to obtain a firewall system at the Franchised Restaurant from one of Checkers/Rally’s preferred vendors. If you choose to use Netsurion for this service, you must pay Checkers/Rally’s or its affiliate an ongoing cost for Netsurion’s firewall system.
Do you have to pay checkers for Aloha?
In connection with the required Aloha POS system, you must pay Checkers/Rally’s or its affiliate ongoing costs for the Aloha Command and Configuration Center and Menu Management services.
