FILING · MN · 2024 FDD · 1+ YEAR OLD
Checkers Drive-in Restaurant FDD (Franchise Disclosure Document) — 2024
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). Checkers Drive-in Restaurant's most recent FDD tracked here is the 2024 FDD · 1+ year old, filed with the Minnesota Department of Commerce (public CARDS portal). Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2024 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $30,000 |
| ITEM 6 | Ongoing royalty | 4.0% of gross sales |
| ITEM 7 | Total initial investment | $640K–$2.3M |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2023) | 547 franchised at year end · 60 exits (exit rate 10.3%, fiscal 2023) |
The headline figure is Average Net Sales 2023 Fiscal Year for FY2023 (52 weeks ended Jan 1, 2024), for 352 of 547 outlets open at year end, leaving out open < 350 days during FY2023, previously temporarily closed, now permanently closed, company-owned (shown separately).
Graded on three things the filing states: coverage (2 points if the figure covers at least 75% of the units it is compared with, 1 point for 50–75%), centre (2 points if it prints both a median and a mean, 1 for one of them), and costs (2 points for costs through a profit line or full cost detail, 1 for some cost items). 5–6 points = More complete, 3–4 = Partial, 0–2 = Limited. The grade describes the disclosure, not the business.
| What is measured | Average Net Sales 2023 Fiscal Year (net sales) |
| Period | FY2023 (52 weeks ended Jan 1, 2024) |
| Whose results | Franchised outlets |
| Units included | 352 of 547 franchised outlets at the end of FY2023 (Item 20) |
| Left out |
|
| Average (mean) | $1.1M |
| Median | $1.1M |
| Mean vs median | mean 2.5% above median |
| Met or beat the average | 161 or 46% |
| Costs shown | Some cost items only |
| Where | p. 72 (Item 19 runs pp. 71–77) |
| The filing's words | “Table A comprises Net Sales information for the 124 company-owned Checkers Restaurants and the 352 franchised Checkers Restaurants that were open and operating for at least 350 days during the 52-week period ending January 1, 2024” |
Every figure above was extracted by software from the 2024 Checkers Drive-in Restaurant FDD as filed (figures are not individually checked by a person) and links back to that document. Fields that could not be extracted are omitted; no figure here is estimated. Extraction errors are possible: the filing controls, and FDDs are reissued annually; verify against the current issuance before relying on any number. Spotted an error? Franchisors and owners can report it via the contact on our Terms page.
Checkers Drive-in Restaurant FDD questions, answered
Where can I download the Checkers Drive-in Restaurant FDD for free?
Checkers Drive-in Restaurant's 2024 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is Checkers Drive-in Restaurant's most recent FDD on file?
The most recent Checkers Drive-in Restaurant FDD tracked here is the 2024 FDD · 1+ year old, filed with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does Checkers Drive-in Restaurant's FDD disclose earnings (Item 19)?
Yes — Checkers Drive-in Restaurant makes a financial performance representation in Item 19 of its 2024 FDD. Read the basis fine print: franchisors choose which units and metrics to include.
What does Checkers Drive-in Restaurant's FDD Item 20 show?
In fiscal 2023, Checkers Drive-in Restaurant ended with 547 franchised outlets; 60 of 585 open at the start of the year left the system (exit rate 10.3%, fiscal 2023) through terminations, non-renewals, and "ceased operations — other reasons".
The Checkers Drive-in Restaurant validation checklist
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