Restaurant Finance Monitor: Sale of Checkers & Rally's to Fuel the Brand's Growth Initiatives

The sale of rapidly expanding franchise Checkers & Rally's to Oak Hill Capital Partners was the culmination of a nearly decade-long turnaround engineered by CEO Rick Silva. According to a recent article in Restaurant Finance Monitor, the deal was for $525 million and will fuel the brand's continued growth moving forward.

“Today is a wonderful day, but it’s part of a full 10-year journey for us,” Silva told Restaurant Finance Monitor shortly after the announcement. “We focused on, of course, driving topline sales and we’ve had six consecutive years of same-store sales growth, we’re up 3.5% this year, up over 3% last year too,” he added.

Silva and the Checkers team was focused on a goal of 1,200 units by 2020, but on the heels of the deal with Oak Hill Capital Partners, Silva told RFM he thinks they'll far surpass that goal.

To read the full article, click here.