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CHECKERS RESTAURANT OR RALLY'S RESTAURANT
Checkers Drive-In Restaurants, Inc. franchises quick-service drive-thru restaurants under the Checkers and Rally’s brands, offering a limited menu of hamburgers, cheeseburgers, hot dogs, famous seasoned fries, sandwiches, and innovative desserts like milkshakes and funnel cake fries at exceptional value. The business model emphasizes convenience through dual drive-thru designs, small footprints, operational efficiency with metrics-driven tools, and a focus on late-night dining in various formats including modular, site-built, conversions, endcaps, in-lines, and non-traditional sites. They target consumers seeking bold, flavorful alternatives to standard fast-food in the competitive QSR market, including high-density urban areas and traffic-generating locations.
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Franchise Costs
4% royalty + 2.65% ad fund + $190-$370/mo technology fee + $159/quarter firewall fee + $19/mo secure payment gateway fee
Financial Performance
Item 19 Financial Performance
Data Based On: Financial performance data for 484 franchised Checkers and Rally's restaurants (320 Checkers, 164 Rally's) that were open and operating for at least 350 days during the 2025 Fiscal Year.
* The data extracted focuses on existing franchised Checkers and Rally's restaurants open for at least 350 days during the 2025 Fiscal Year, as this represents the most comprehensive data set for established units. Average Gross Revenue was calculated as a weighted average: Checkers Franchised (320 units): Average Net Sales = $1,136,589 Rally's Franchised (164 units): Average Net Sales = $1,134,958 Weighted Average Gross Revenue = (320 * $1,136,589 + 164 * $1,134,958) / (320 + 164) = $1,136,036.35. Median Gross Revenue is set to null because aggregating the medians from two distinct groups (Checkers and Rally's) into a single representative weighted median is not reliably possible without the raw data. Revenue Top Quartile and Revenue Bottom Quartile are derived from the overall range of 'Low and High Net Sales' reported across both brands for these categories. The lowest 'Low Net Sales' was $197,376 (Checkers) and the highest 'High Net Sales' was $3,102,720 (Checkers). No explicit gross profit, net income, net profit, or EBITDA figures or relevant expense/margin data were provided in Item 19 to calculate these metrics or a best guess profit range.
Extracted Item 19 Section
Avg. Revenue: $1,136,036
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Unlock financial performance dataHow CHECKERS RESTAURANT OR RALLY'S RESTAURANT Compares
Key Insights
- Lower investment than 75% of Fast Food franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
CHECKERS RESTAURANT OR RALLY'S RESTAURANT Current | $214K – $1.9M | $30K | 4.0% | 332 |
| MCDONALD'S | $1.5M – $2.6M | $45K | N/A | 12,772 |
| LITTLE CAESARS | $377K – $1.8M | $20K | 6.0% | 3,788 |
| KFC (NON-TRADITIONAL) | $1.2M – $4.2M | $45K | N/A | 3,404 |
| SONIC DRIVE-IN | $1.5M – $2.5M | $15K | 5.0% | 3,120 |
| AFC | $54K – $150K | $6K | 8.0% | 2,974 |
Fast Food Average 137 franchises | $595K – $1.6M | $38K | 6.7% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 137 Fast Food franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
+15 more states
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for CHECKERS RESTAURANT OR RALLY'S RESTAURANT franchisees (2013 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
94 SBA loans on record
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Unlock SBA loan historyFranchisee Contacts
453 franchisee contacts on file from official FDD filings.
453 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
One case involved a former franchisee's arbitration claim for wrongful termination and misappropriation of advertising funds. Two cases were franchisor-initiated actions to collect unpaid fees from franchisees, both of which were settled.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a CHECKERS RESTAURANT OR RALLY'S RESTAURANT franchise ranges from $214,000 to $1,915,000. This includes a franchise fee of $30,000. Ongoing royalty fees are 4.0% of gross sales.
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