Checkers Drive-In Restaurants- 5 Units in MI

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Great brand, profitable, turn-key restaurants!
Asking Price:
$950,000

Gross Revenue:
$4,218,195
Cash Flow:
$218,056
EBITDA:
$218,056
Inventory:
$25,000
not included in asking price

FF&E:
$500,000
included in asking price

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Business Description

Checkers & Rally's is an industry leader with over 30 years of experience and more than 870 restaurants. Guests keep coming back for the bold flavored and seared burgers, indulgent milkshakes, and Famous Seasoned Fries. Founded in 1986, Checker's merged with Rally's in 1999 to become the largest double drive-thru chain in the US. Franchisor requires a minimum of $750k net worth with at least $250k liquid assets, or commensurate with purchase. Restaurant experience preferred but not required. Operating partner and one other person must attend 5 weeks of training- 4 weeks in the restaurant and 1 week in Tampa.

About the Business

Year Established:
2002
Number of Employees:
Approx 150
Franchise:
Yes
Real Estate:
Leased
Facilities:
All FF&E to be in good working condition at time of change over. Remodels due at end of franchise agreement term.
Website:
checkers.com
Market Outlook/
Competition:
Although the hamburger QSR segment is very competitive, Checker's stands out with its innovative, value-oriented menu, including bold flavored and seared burgers, indulgent milkshakes, and Famous Seasoned Fries.
Growth & Expansion:
Room for growth in brand via new development or acquisition of existing units.
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About the Sale

Reason For Selling:
Other business interests.
Training/Support:
Franchisor offers 5 weeks training program.

Listing Info

ID:
1543277
Ad Detail Views:
359

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Business Listed by

Carter Asefi

FranBizNetwork
License# 01962309

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