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Tampa-based franchise <a href="http://www.checkers.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nations-restaurant-news-checkers-rallys-growth-fuels-sale-to-oak-hill-capital-partners-11323" target="_blank" rel="nofollow" target="_blank">Checkers Drive-In Restaurants Inc.</a> has experienced incredible growth over the last eight years - to the tune of 700-basis-point improvement in profits, according to a recent Nation&#39;s Restaurant News article - and that growth and success fueled the company&#39;s sale to Oak Hill Capital Partners for $525 million.

&ldquo;We&rsquo;ve been on a journey for 10 years,&rdquo; Rick Silva, CEO of <a href="http://checkers.1851franchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nations-restaurant-news-checkers-rallys-growth-fuels-sale-to-oak-hill-capital-partners-11323" target="_blank" rel="nofollow" target="_blank">Checkers</a>, told Nation&rsquo;s Restaurant News. &ldquo;We&rsquo;re driving topline sales, improving restaurant profitability and adding new restaurants to the system. This is really one more step on a long, successful journey. The exciting part is still to come.&rdquo;

According to Silva, the sale is going to spark even stronger continued growth beyond the brand&#39;s current more than 840 locations. Same store sales are up 3.5 percent so far in 2017 and Silva told NRN that the ROI for franchisees is strong.

&ldquo;For a very low investment, in return you get average unit volumes of $1.2 million,&rdquo; Silva told NRN. &ldquo;That&rsquo;s very exciting for franchisees.&rdquo; For Silva and the Checkers brand, the future is bright.&nbsp;&ldquo;We have a tremendous amount of momentum. Oak Hill is smart for joining at this time,&quot; he added to NRN.

Read more&nbsp;<a href="http://www.nrn.com/sales-trends/checkers-sale-validates-company-s-growth.?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nations-restaurant-news-checkers-rallys-growth-fuels-sale-to-oak-hill-capital-partners-11323" target="_blank" rel="nofollow" target="_blank">here</a>.

Nation's Restaurant News: Checkers & Rally's Growth Fuels Sale to Oak Hill Capital Partners

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