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?
$165,796 – $1,306,345 - range based on various building formats and excludes real estate. The average initial investment is $443,301. (A breakdown of costs can be found in Item 7 of the 2016 Franchise Disclosure Document (FDD)).
* Initial investment range based on various building formats and excludes real estate. Per Item 7 in 2016 Checkers & Rally's Franchise Disclosure Document (FDD).
AVERAGE UNIT VOLUME?
Item 19 of Checkers & Rally's 2016 Franchise Disclosure Document (FDD). Statement of Average New Sales for first 52-week period of operations. (Based on new restaurants per their first 12 months).
Corporate Checkers $1,270,720 Rally's $1,171,476
NUMBER OF UNITS?
Item 20 of Checkers & Rally's 2016 FDD as of December 28, 2015.
Corporate Franchise Total Checkers 174 363 537 Rally's 150 142 292 829
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 (Co-op) Fees – determined by individual Designated Marketing Area (DMA) Co-ops