QSR Magazine: Rapidly Growing Checkers & Rally’s Sold for $525 Million

The president and CEO of Checkers* Drive-In Restaurants made a big announcement this Thursday for the 844-unit brand that has locations in 29 states and in the District of Columbia. According to a recent QSR Magazine article, the brand entered an agreement to be acquired by Oak Hill Capital Partners for close to $525 million.

“We’re not taking a different direction,” Silva says. “What we’re really doing is throwing gasoline on a fire here.”

After six consecutive years of system-wide same-store sales growth and restaurant profitability up 20 percent per year over the past seven, the company feels its current momentum is propelling it forward even faster. With a goal of 1,200 restaurants by 2020, Checkers does not believe the ceiling for growth is anywhere in sight and has no plans of slowing down.

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