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Earnings Claims of Top Franchises Revealed

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Franchise Costs: Detailed Estimates of Checkers Drive-In Franchise Costs (2016 FDD)

by Franchise Chatter on October 16, 2016

in Franchise Costs, Hamburger Franchise



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Checkers Drive-In Restaurants Franchise Photo

Detailed Estimates of Checkers Drive-In Franchise Costs Based on Item 7 (Estimated Initial Investment) of Checkers Drive-In’s 2016 Franchise Disclosure Document

  • The chart provides an estimate of your initial investment for a Checkers Restaurant on a leased site. The total estimated initial investment does not include real estate and related costs. The franchisor is unable to estimate the cost of purchasing and developing a site for a Restaurant, as it will vary considerably depending on such factors as the location and size of the site and the local real estate market.

For New Freestanding Design Single Drive-Thru Restaurant

1.  Initial Franchise Fee:  $20,000 to $30,000

2.  Initial Advertising Deposit:  $10,000

3.  Equipped Restaurant Building:  $553,392 to $1,054,334

  • This line item reflects the franchisor’s estimate of constructing a single drive-thru restaurant using conventional on-site construction methods, with an estimated size of approximately 900 square feet for the building on a site of approximately 13,000 to 26,000 square feet.
  • The cost of conventional on-site construction will vary considerably, depending on such factors as materials and labor costs. The cost estimate also includes a POS system and associated hardware (including at least 3 computerized cash registers, 4 printers, and 1 back office computer and printer) requiring an additional $11,000 to $25,000 and full line drive-thru timers (HME Zoom), requiring an additional $3,500.
  • Restaurants of this format that opened during the past three years paid an average of $847,197 for Equipped Restaurant Building and Signage including Menu Boards.

4.  Signage Including Menu Boards:  $13,000 to $117,011

5.  Inventory:  $1,000 to $5,000

  • This estimate is net of supplier discounts of approximately $4,000 on the initial order of food products and supplies.

6.  Additional Funds – 3 Months:  $40,000 to $90,000

  • This is an estimate, based on the franchisor’s experience of opening and operating Restaurants (including actual restaurant openings during the last 3 years), of your pre-opening expenses and working capital requirements for the first 3 months of operations.
  • Pre-opening expenses are estimated to range between $10,000 and $40,000 and include such items as professional fees; organizational expenses; salaries during training; travel, living, and miscellaneous expenses while attending training; utility deposits and salaries for a manager and some crew members during the 30-day period before opening.
  • Working capital for the first 3 months are estimated to range between $30,000 and $50,000 and include general operating expenses, such as lease payments, inventory, payroll, payroll expenses, facility expenses, insurance, pest control, security, repairs and maintenance, and complimentary sales and other costs.
  • These figures are estimates and the franchisor cannot assure you that you will not have additional expenses in starting the Franchised Restaurant.

7.  Total Estimated Initial Investment:  $637,392 to $1,306,345

For Conversion of Freestanding or Modular Double Drive-Thru Restaurant

1.  Initial Franchise Fee:  $20,000 to $30,000

2.  Initial Advertising Deposit:  $10,000

3.  Equipped Restaurant Building:  $87,296 to $875,060

  • This line item reflects the franchisor’s estimate of the cost of converting a freestanding or modular double drive-thru restaurant of another brand to a Checkers Restaurant, which cost can vary considerably based on the type and condition of the existing structure.
  • The estimated size of the building is 2,500 to 3,000 square feet and estimated size of the lot is 25,000 to 30,000 square feet.
  • This estimate also includes the cost of the equipment, POS, and drive-thru timers, noted above.
  • Restaurants of this format that opened during the past three years paid an average of $375,473 for Equipped Converted Previous Foodservice Restaurant Building and Signage including Menu Boards.

4.  Signage Including Menu Boards:  $7,500 to $86,507

5.  Inventory:  $1,000 to $5,000

6.  Additional Funds – 3 Months:  $40,000 to $90,000

7.  Total Estimated Initial Investment:  $165,796 to $1,096,567

For Endcap Strip Center Restaurant

1.  Initial Franchise Fee:  $20,000 to $30,000

2.  Initial Advertising Deposit:  $10,000

3.  Equipped Restaurant Building:  $84,400 to $616,903

  • This line item reflects the franchisor’s estimate of constructing an endcap restaurant with a single
    drive-thru. The estimated size of the restaurant is 2,000 to 3,000 square feet.
  • This estimate also includes the cost of the equipment, POS, and drive-thru timers, noted above.
  • Restaurants of this format that opened during the past three years paid an average of $317,462 for Equipped Endcap Restaurant Building and Signage including Menu Boards.

4.  Signage Including Menu Boards:  $11,500 to $98,937

5.  Inventory:  $1,000 to $5,000

6.  Additional Funds – 3 Months:  $40,000 to $90,000

7.  Total Estimated Initial Investment:  $166,900 to $850,840

For In-Line Restaurant in High Density Market

1.  Initial Franchise Fee:  $20,000 to $30,000

2.  Initial Advertising Deposit:  $10,000

3.  Equipped Restaurant Building:  $238,985 to $423,000

  • This line item reflects the franchisor’s estimate of the cost of constructing a restaurant at an in-line or street location without any drive-thru in a high density market.
  • The estimated size of the restaurant is 1,200 to 3,500 square feet.
  • This estimate also includes the cost of equipment and POS, noted above.
  • Restaurants of this format that opened during the past three years paid an average of $349,580 for Equipped Inline Restaurant Building and Signage including Menu Boards.

4.  Signage Including Menu Boards:  $8,900 to $65,285

5.  Inventory:  $1,000 to $5,000

6.  Additional Funds – 3 Months:  $40,000 to $90,000

7.  Total Estimated Initial Investment:  $318,885 to $623,285




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