GoKawiil
Tech News
An amended franchise disclosure document from Checkers Drive-In Restaurants shows the Checkers and Rally's burger chains have seen a net decline in store locations. The filing details where closures have been concentrated as the chains' overall U.S. footprint shrinks.
An amended franchise disclosure document shows TGI Fridays has shuttered nine additional restaurants in the United States this year. The closures continue a downsizing trend that began after the casual dining chain filed for Chapter 11 bankruptcy protection in late 2024.
Burger King's newest franchise disclosure document shows the chain finished fiscal 2025 with 6,650 U.S. restaurants, down from 6,701 at the start of the year. That net figure of 51 fewer stores masks a larger churn of individual closures and openings happening across the system.
Five Guys' latest franchise disclosure document shows the burger chain shut down 31 restaurants across multiple U.S. states last year, even as it continued adding new locations to its overall footprint. The filing details where these closures occurred as part of the company's routine reporting on its store network.
A franchise consultant who has advised over 1,000 candidates says validation calls with existing franchise owners are a frequently skipped but essential step in the discovery process. These calls happen after reviewing the Franchise Disclosure Document but before Discovery Day or signing, and are meant to confirm claims made by the franchisor directly with people already running the business.