Checkers
Oak Hill Capital Partners
Company Information
4300 West Cypress Street, Suite 600
Checkers is a Delaware corporation incorporated in September 1991. We conduct business under our corporate name and the names “Checkers” and “Rally’s.” Our principal business address is 4300 West Cypress Street, Suite 600, Tampa, Florida 33607.
We offer to qualified persons the right to own and operate a Checkers Restaurant or Rally’s Restaurant at a location to be agreed upon under our standard form franchise agreement (the “Franchise Agreement”) A copy of the Franchise Agreement is attached as Exhibit B If you sign a Franchise Agreement to acquire a Checkers franchise or Rally’s franchise, then you will have the right to estahhsh and operate your Checkers Restaurant or Rally’s Restaurant (each referred to as the "Franchised Restaurant") at the location we approve (the “Premises”) We offer to qualified persons the right to develop multiple Restaurants within a specific geographic area We have mcluded in this Franchise Disclosure Document relevant information about our standard form development agreement (the “Development Agreement”) A copy of the Development Agreement is attached as Exhibit C The Development Agreement requires you to open an agreed upon number of Checkers Restaurants or Rally’s Restaurants m accordance with a development schedule and to sign our then current form of franchise agreement prior to each Franchised Restaurant you open We may offer for sale, and seU as franchises, some company owned Checkers Restaurants or Rally’s Restaurants in certain geographic areas In connection with these franchise transactions, we may retain franchise or busmess brokers to negotiate with a prospective franchisee to reach mutually acceptable terms of a separate sale of assets agreement and any sale, lease or sublease of the real estate In addition, a Franchise Agreement for the purchased restaurant(s) will have to be signed (which, m addition to the normal imtial franchise fee, wiU require payment of a $10,000 asset transfer fee - See Item 5) and, possibly, also a Development Agreement for the further development of Checkers Restaurants or Rally’s Restaurants in the geographical area where the purchased restaurant(s) is/are located Dependmg on the circumstances, we also may vary the financial and other terms of our Franchise Agreement and Development Agreement in connection with the sale of company owned Checkers Restaurants or Rally’s Restaurants We also may enter into joint venture arrangements with existing franchisees or others to further develop Restaurants Tjqncally, we will have at least a 50% interest in such joint ventures, but it could be less The parties negotiate individually the terms of these arrangements We presently do not have any joint venture interests in any Restaurants We also may offer franchises for Restaurants in foreign countries This Franchise Disclosure Document does not describe the terms of any international franchise relationship
5 Ongoing Lawsuits
| FDD | Effective Date | Action |
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Franchise Rating
Franchimp Summary Rating
4/10
Earning Transparency
7/10
Investment Accessibility
1/10
Summary of potential earnings
$1,177,279 / unit
Average Gross Profit During 2021Quick Service Restaurants (QSR)
$1,194,079 / unit
Average Revenue During 2021Quick Service Restaurants (QSR)
Franchise System Development
| Year | Units at Start of Year | Units Opened | Units Terminated | Non-Renewals | Re-Acquired by Franchisor | Ceased Operations | Units at End of Year |
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Distribution of Checkers Franchisee
Employee Contact Database
| # | Name | Position | Phone |
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Summary of Investment Costs
Upfront Franchise Fees
Minimum: $45,000 Maximum: $55,000
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $639,998 Maximum: $2,269,999
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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