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Updated RecentlyCheckers Drive-In vs Binghamton Hots Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Checkers Drive-In vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $259,000 - $1,431,000 | $122,850 - $213,450 |
| Franchise Fee | $30,000 | $25,000 |
| Royalty Fee | 4% | 5% |
| Advertising Fee | 4.5% | 2% |
| Year Founded | 1986 | - |
| Year Franchised | 1989 | - |
| Term Of Agreement | 20 years | 10 years +5+5 |
| Term Of Agreement | 20 years | 10 years +5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Some familiarity with restaurant operations is helpful, but it’s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate. | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/- |
| Start-up Costs | No/Yes | No/- |
| Equipment | No/Yes | No/- |
| Inventory | No/Yes | No/- |
| Receivables | No/Yes | No/- |
| Payroll | No/Yes | No/- |
Training & Support |
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| Training | On-The-Job Training: 160-220 hours Classroom Training: 32-40 hours Additional Training: In training restaurant | Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection | We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Checkers Drive-In
Checkers Drive-In Restaurants, Inc. is the largest double drive-thru restaurant chain in the United States. Checkers develops, produces, owns, operates, and franchises quick service “double drive-thru” restaurants under the two brand names “Checkers" and “Rally’s Hamburgers". The restaurants are designed to provide fast and efficient automobile-oriented service and appeal to guests of all ages. The double drive-thru concept allows Checkers' and Rally’s Hamburgers to capitalize on the fact that approximately fifty percent of all quick-service food business is drive-thru. Guests can also enjoy a 1950’s flashback with walk-up ordering and outdoor dining in the outside picnic area at most locations.
The total investment necessary to begin operation of a Checkers
Restaurant (excluding real estate and related
costs) is: $780,000 to $1,431,000 for a new modular design single
drive-thru restaurant; $320,500 to $787,000 for a site built, conversion
or used modular drive-thru restaurant; $259,700 to $648,000 for an
endcap strip-center and gas/convenience restaurant; and $254,000 to
$514,000 for a Non-Traditional, Walmart or in-line restaurant in a
high-density market. This includes $10,000 to $50,000 that must be paid
to the franchisor or an affiliate, plus $10,000 for each additional
restaurant that you agree to develop under a development agreement.
Veteran Incentives Franchise fee waived
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#11 in Gator's Top franchises.
In Franchise Business Reviews Top 200.
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#76 on Franchise Rankings.com
#198 in Franchise 500 for 2020.
#162 in Franchise 500 for 2021.
About Binghamton Hots
Everyone, from college kids and downtown residents to families and workers from local businesses, comes in to Binghamton HOTS for food and fun, throughout the day and night.
You can create your own local a destination that appeals to today’s consumers, including Millennials, who want creative menu options loaded with convenience.
You can create your own local a destination that appeals to today’s consumers, including Millennials, who want creative menu options loaded with convenience.
- You can build business with flexible service options across multiple dayparts - from lunch to dinner to late night - and even offer carry-out, delivery, and catering options, too.
- You can be part of the immense restaurant industry, where demand for customization, convenience and flavor have quick service and fast-casual sales on a continual upward growth trend.
Best of all, you can operate your local HOTS spot with confidence, with our full support at every stage of your restaurant’s operations.