CHECKERS & RALLY’S RESTAURANT INC Franchise Cost and Opportunities – Review
Rally’s Hamburger is a branch of the Checkers and Rally’s big brand with a network of more than 800 restaurants chains across the United States. At Checkers & Rally’s Restaurants, they serve deliciously prepared all-American classical dishes such as chicken sandwiches, delicious burgers, crispy, hot dogs, fries, chicken wings and a wide range of desserts.
The service delivery at Checkers & Rally’s Restaurants is outstanding and quite a number of their customers always get maximum satisfaction from the services they render. It is not surprising that so many entrepreneurs want to know how much is Checkers & Rally’s Restaurant’s franchise
ABOUT THE COMPANY
Checkers & Rally’s Restaurant was established in the year 1986 in Mobile, Alabama. Rally’s Drive-in had initially opened their first restaurant the previous year. And then in 1999, Checkers & Rally’s then merged to become one chain. The brand is considered to be one of the most recognized restaurant chains in the United States and they have not ceased to seek expansion into new markets across the country.
IS THERE ANY DIFFERENCE BETWEEN CHECKERS AND RALLY’S
Rally’s was acquired by Checkers in the year 1999. So they are just one brand, every item on the menu that is found in a Rally’s Hamburger will also be on the menu in a Checker’s Drive-in. And in every market that Rally’s was predominant, the Rally’s brand name was maintained.
IS CHECKERS & RALLY’S RESTAURANT A FRANCHISE?
Is Checkers & Rally’s Restaurant a franchise? The answer to that question is “Yes”. The company sells franchise opportunities and they have been doing so since 1989, giving them 28 years of franchising experience with a highly performing franchise model.
BENEFITS OF BUYING A CHECKERS & RALLY’S RESTAURANT FRANCHISE
The company attributes their success to their big, bold flavours which seem to be quite irresistible and responsible for their sales/investment ration that has doubled over the industry average. Franchisees with the company also stand to benefit from this. And these are just the reasons why you must buy a Checkers & Rally’s Restaurant franchise:
- Sales in the restaurant business are expected to reach an industry high of $660 billion.
- Even through the recession, Checkers & Rally’s Restaurant recorded a double digit growth.
- The customers’ ratings that the company gets are the highest in the industry especially when it comes to getting value for their money spent.
- The franchise has just had a new freestanding design model that also comes with a 2% discount on royalty payable to the company.
If you have the passion to join one of the most loved QSR brands in America, then it is time you consider joining the Checkers & Rally’s Restaurant franchise. Previous experience in the restaurant chain is important, though not necessarily important as the company will take new franchisees through all the trainings they will need to operate a successful franchise unit.
HOW MUCH DOES A CHECKERS & RALLY’S RESTAURANT FRANCHISE COST?
The Checkers & Rally’s Restaurant franchise cost will be the aggregate of all the necessary financial requirements needed to open a franchise unit. The initial investment needed in the business will range between $96,000 and $1,500,000. Prospective franchisees will also be expected to have a net-worth requirement of nothing less than $750,000 and then a liquid cash requirement of about $250,000.
CHECKERS & RALLY’S RESTAURANT FRANCHISE FEE
To operate under the company’s brand identity, a new franchisee will need to make a payment for the initial Checkers & Rally’s Restaurant franchise fee, which is $30,000. Also payable to the company on a monthly basis are the royalty and ad royalty fee, which are 4% and 4.5% respectively.
DOES CHECKERS & RALLY’S RESTAURANT FRANCHISE OFFER TRAINING?
Every new franchisee of the company will be expected to attend a compulsory 5-week training program. The franchisee will be allowed to have an extra personnel included for the training. Training will be held at the company’s head office in Florida or at any other designated training center approved by the company.
DOES CHECKERS & RALLY’S RESTAURANT OFFER FINANCING?
The company does not offer any form of direct financing to their franchisees. However, a franchisee that require extra funding may be referred to any of their 3rd party associates that offer funding to cover for the following expenses: franchise fee, inventory, cost of equipment, payroll and accounts receivable.
It is also interesting to note that the company has a policy that favours veterans. Veterans are not expected to make any initial franchise fee payment.
HOW TO BUY A CHECKERS & RALLY’S RESTAURANT FRANCHISE
Before you proceed on getting more information on how to buy a Checkers & Rally’s Restaurant franchise, you need to confirm first your eligibility status. You have to ensure that you are able to meet up with the company’s financial requirements to establish a franchise unit.
Once this is done, then you can proceed to submit your application to the company’s website. Your application will be reviewed and feedback will be given after some few days. You will be assigned a Franchise manager, who will make further evaluation to ascertain your eligibility to buy the franchise. Once that is done, you will be made to fill and sign the Franchise Disclosure document and the manager will work with you to get the best location for your franchise unit.