Business Overview

Headquartered in Tampa, FL, Checkers was founded in 1986 and now boasts over 577 units nationwide. Checkers acquired Rally’s in 1999. The two chains combine to make one of the fastest growing restaurants in the industry with more than 800 locations across the country. Known for their bold flavored and seared burgers, indulgent milkshakes, and Famous Seasoned Fries. 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.

Financial

  • Asking Price: $250,000
  • Cash Flow: $97,176
  • Gross Revenue: $663,280
  • EBITDA: $97,176
  • FF&E: $200,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

All FF&E to be in good working condition.

Is Support & Training Included:

Franchisor offers 5 weeks of training.

Purpose For Selling:

Other business interests

Pros and Cons:

Single drive thru located at a busy intersection. Indoor seating available. Many small businesses and residential properties in the surrounding area. There is an airport approximately 3 miles away and a number of hotels. The closest interstate is only 3.5 miles away.

Opportunities and Growth:

Growth in brand via new development or acquisition of existing units.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company has 12 employees and is located in a building with estimated square footage of 5,000 sq ft.
The real estate is leased by the company for $2,583 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell companies. However, the true reason vs the one they tell you might be 2 absolutely different things. As an example, they might claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of other factors. This is why it is really crucial that you not count totally on a vendor's word, however instead, make use of the seller's response along with your overall due diligence. This will repaint an extra sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that earnings margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be satisfied or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in new consumers? Often times, businesses have repeat customers, which form the core of their everyday revenues. Certain elements such as new competition sprouting up around the location, roadway building and construction, as well as employee turnover can impact repeat customers as well as adversely influence future profits. One crucial point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business often, the greater the possibility to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? How might the regional mean family earnings impact future earnings prospects?