CHECKERS & RALLY’S RESTAURANT INC Franchise Startup Cost, Profit & Opportunities
Rally’s Hamburger is a branch of the Checkers and Rally’s big brand with a network of more than 800 restaurant chains across the United States.
Checkers & Rally’s Restaurants 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 many customers always get maximum satisfaction from their services.
Unsurprisingly, many entrepreneurs want to know how much Checkers & Rally’s Restaurant’s franchise is.
ABOUT THE COMPANY
Checkers & Rally’s Restaurant was established in 1986 in Mobile, Alabama. Rally’s Drive-in had initially opened their first restaurant the previous year.
And then, in 1999, Checkers & Rally’s 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
Rallies was acquired by Checkers in the year 1999. So they are just one brand; every item on the menu in a Rally’s Hamburger will also be 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 RESTAURANT FRANCHISE
The company attributes its success to its big, bold flavors, which seem pretty irresistible and responsible for its sales/investment ratio, which 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 double-digit growth.
- The customer ratings that the company gets are the highest in the industry, especially when it comes to getting value for the money spent.
- The franchise has just had a new freestanding design model with a 2% discount on royalties 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 necessary, though not necessarily essential, as the company will take new franchisees through all the training they need to operate a successful franchise unit.
HOW MUCH DOES A CHECKERS & RALLY RESTAURANT FRANCHISE COST?
The Checkers & Rally’s Restaurant franchise cost will aggregate all the financial requirements 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 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 must pay the initial Checkers & Rally’s Restaurant franchise fee of $30,000.
Also payable to the company monthly are the royalty and ad royalty fees, 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 extra personnel included in the training.
Training will be held at the company’s head office in Florida or 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 its franchisees.
However, a franchisee that requires extra funding may be referred to any of their 3rd party associates who offer funding to cover the following expenses: franchise fee, inventory, equipment cost, payroll, and accounts receivable.
It is also interesting to note that the company has a policy favoring veterans. Veterans are not expected to make any initial franchise fee payment.
HOW TO BUY A CHECKERS & RALLY RESTAURANT FRANCHISE
You must confirm your eligibility status before you get more information on buying a Checkers & Rally’s Restaurant franchise.
You must meet the financial requirements to establish a franchise unit.
Once done, you can submit your application to the company’s website. Your application will be reviewed, and feedback will be given after a few days.
You will be assigned a Franchise manager, who will make further evaluations to ascertain your eligibility to buy the franchise.
Once that is done, you will be made to fill out and sign the Franchise Disclosure Document, and the manager will work with you to get the best location for your franchise unit.