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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 <a href="https://www.qsrmagazine.com/news/rapidly-growing-checkers-rallys-sold-525-million?utm_source=1851franchise.com&utm_medium=article&utm_campaign=qsr-magazine-rapidly-growing-checkers-rallys-sold-for-525-million-11319" target="_blank" rel="nofollow" target="_blank">QSR Magazine article</a>, the brand entered an agreement to be acquired by Oak Hill Capital Partners for close to $525 million.

&ldquo;We&rsquo;re not taking a different direction,&rdquo; Silva says. &ldquo;What we&rsquo;re really doing is throwing gasoline on a fire here.&rdquo;

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.

<a href="https://www.qsrmagazine.com/news/rapidly-growing-checkers-rallys-sold-525-million?utm_source=1851franchise.com&utm_medium=article&utm_campaign=qsr-magazine-rapidly-growing-checkers-rallys-sold-for-525-million-11319" target="_blank" rel="nofollow" target="_blank">Click here</a> to read the full article.

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

1851 Franchise

The burger chain gears up for even more growth after a deal with Oak Hill Capital Partners.

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