System 4 vs JANI-KING
Side-by-side figures from each brand's latest FDD Item 20 as we extracted them; verdicts are our opinion under the published methodology, and the source filing and year are on each brand's profile. Green marks the more favorable metric (lower for distress), not a recommendation to buy.
Units · latest run
+10.5% (2023–2025)
Net unit change
-3.6% (2023–2025)
Strong
Exit quality
Weak
Strong
Transfer / churn
Strong
Too few seasoned loans
SBA losses vs same-year loans
0.7× expected (9 of 58)
—
Distress
—
$96,000
Franchise fee
$40,250
$128K–$377K
Investment range
$50K–$138K
Not disclosed
Royalty
10%
Disclosed
Earnings (Item 19)
Not disclosed
System 4
JANI-KING
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