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The sale of rapidly expanding franchise <a href="http://checkersfranchising.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurant-finance-monitor-sale-of-checkers-rallys-to-fuel-the-brands-growth-initiatives-11523" target="_blank" rel="nofollow" target="_blank">Checkers &amp; </a><a href="http://checkersfranchising.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurant-finance-monitor-sale-of-checkers-rallys-to-fuel-the-brands-growth-initiatives-11523" target="_blank" rel="nofollow" target="_blank">Rally&#39;s</a> 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&#39;s continued growth moving forward.

&ldquo;Today is a wonderful day, but it&rsquo;s part of a full 10-year journey for us,&rdquo; Silva told Restaurant Finance Monitor shortly after the announcement. &ldquo;We focused on, of course, driving topline sales and we&rsquo;ve had six consecutive years of same-store sales growth, we&rsquo;re up 3.5% this year, up over 3% last year too,&rdquo; 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&#39;ll far surpass that goal.

To read the full article, <a href="http://www.restfinance.com/Restaurant-Finance-Across-America/March-2017/Oak-Hill-Capital-Partners-Buys-into-Next-Phase-of-Checkers-Rallys/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurant-finance-monitor-sale-of-checkers-rallys-to-fuel-the-brands-growth-initiatives-11523" target="_blank" rel="nofollow" target="_blank">click here</a>.

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

1851 Franchise

The franchise concept has its sights set on passing the 1,200 unit mark by 2020.

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