CHECKERS DRIVE-IN Franchise Cost and Profit Margin – Review
Checkers Drive-In Restaurant is a top popular restaurant brand based in the United States of America. If you love food and you love the restaurants business and you are an entrepreneur, then you should love Checkers Drive-In Restaurants.
In this article, we shall be examining Checkers Drive-In Restaurants as accompany and we shall also be looking at the franchise opportunity which it provides for entrepreneurs and business people.
We are going to start by looking at the history of the company. We will also look at the startup cost for starting a Checkers Drive-In Restaurants franchise and franchisee fee required from franchisees.
We will also be examining the training and support which the company provides for its franchisees.
Also, to be discussed in this article is the franchise agreement terms and renewals which the company provides for its franchisees. As a cap on this article, we shall tell you how you can open a Checkers Drive-In Restaurants franchise.
Is Checkers Drive-In Restaurants a Franchise?
Checkers Drive-In Restaurants is a franchise. Checkers Drive-In Restaurants is a respected restaurant brand in the United States.
The company was founded 32 years ago in 1986 in Mobile, a port city on the gulf coast of Alabama in the United States of America. The company is a top respected brand in the food and restaurant industry.
The company started franchising 29 years ago in 1989, 3 years after it was founded.
Checkers Drive-In Restaurants is a private company. The company is registered as Checkers Drive-In Restaurants, Inc.
The company is a subsidiary company of Oak Hill Capital Partners. The company’s headquarters is located in Tampa, Florida, in the United States. The company’s current Chief Executive Officer (CEO) is Enrique Silva.
The corporate address of Checkers Drive-In Restaurants is at 4300 W. Cypress St., #600 Tampa, FL 33607.
The company’s main products are fries and burgers. Aside from their main meals, Checkers Drive-In Restaurants also serves desserts, hot dog, fish and chicken to its teeming loyal customers.
As a proof of the company’s taste for innovation, development and customer satisfaction, the brand has introduced other product lines which include colas, cold creations, and classic wings.
The company’s store locations design comes in its traditional unique double drive-thru design. For effectiveness and efficiency, the company operates a streamlined distribution system.
The company also has a practice of tasting out new products at its own operated restaurants before rolling out to franchise locations.
Checkers Drive-In Restaurants currently has more than 800 franchise locations.
How Much Does Checkers Drive-In Restaurants Franchise Cost?
Business people who desire to join the Checkers Drive-In Restaurants franchise opportunity are required to pay a franchise fee of $30,000 (U.S. dollar). The intending franchisees are also required to present a liquid asset of $250,000 (U.S. dollar). These are among other fees which the franchisee is expected to pay.
Checkers Drive-In Restaurants Franchise Fee
Checkers Drive-In Restaurants requires its intending franchisees to pay a franchise fee of $30,000 (U.S. dollar). Other required fees include a royalty fee of 4% of net sales and an advertising fee of 4.5% of net sales.
Checkers Drive-In Restaurants Franchise Startup Cost
To take full advantage of the Checkers Drive-In Restaurants franchise opportunity, a startup cost low of $96,414 (U.S. dollar) and a startup cost high of $1,501,265 (U.S. dollar) is required.
Checkers Drive-In Franchise Training and Supports
Checkers Drive-In provides training and support for its franchisees. The training which the company provides for its franchisees is conducted for the operating partners and the general managers.
The training is carried out at the company’s headquarters in Tampa, Florida, in the U.S.
The company also provides support for its franchisees. The company’s support for its franchisees includes;
- Franchisees receive access to a toll-free line for support.
- The company provides online support for its franchisees.
- The company’s franchisees receive advertising support from the company.
- There is also building design support for franchisees, which the company provides through its team.
- The franchisor provides a grand opening support for franchisees for their location.
- Checkers Drive-In supports franchisees with operating safety procedures.
- The company also provides field operation support for its franchisees.
- Checkers Drive-In also supports its franchisees with site selection.
Checkers Drive-In Restaurants Franchise Terms of Agreement/Renewal
The terms of the initial franchise agreement for a Checkers Drive-In Restaurants franchise is 20 years. The company also provides for franchise agreement renewal of 5 years for franchisees that sustain the company’s standard.
How Much Does a Checkers Drive-In Restaurants Franchise Make?
It can’t be stated categorically how much a Checkers Drive-In Restaurants franchise makes. There are certain factors which determine how much a franchise can make such as location and the goals of the franchise owner.
Checkers Drive-In Restaurants has a history of more than 30 years of amazing brand loyalty. The franchisee can leverage the company’s success and brand loyalty to make good money with the franchise.
How to Open a Checkers Drive-In Restaurants Franchise
For entrepreneurs and business people who wish to open a Checkers Drive-In Restaurants franchise, they will have to contact the company directly on its website at www.checkersfranchising.com to request the franchise information.