Industry News | October 5, 2000
Checkers Announces Sale of 28 Restaurants
BVI Double Drive-thru has entered into a development agreement in conjunction with their purchase where they have committed to adding 14 new Rally's locations over the next 5 years.
"I am very excited to have Dave and Michelle become franchisees," said Daniel Dorsch, president and chief executive officer of Checkers."I am confident they will do well and the franchise system will benefit from their experience.'' Dorsch continued, "We have now sold a total of 241 restaurants to franchisees and entered into new development agreements for 123 additional stores over the next five years.''
Checkers Drive-In Restaurants has nearly completed its transition from a 50 percent corporate/50 percent franchise store mix to a 25 percent corporate and 75 percent franchise store mix. The Company intends to sell approximately 40 additional restaurants to franchisees over the next six months. Checkers Drive-In Restaurants merged with Rally's Hamburgers in 1999 to create the largest double drive-thru system in the United States.
Checkers Drive-In Restaurants, Inc. and its franchisees own approximately 434 Checkers operating primarily in the Southeastern United States and approximately 446 Rally's operating primarily in the Midwestern United States.
Food & Beverage
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