FRANCHISE·WATCH·DESK

CARL'S JR vs Smalls Sliders

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.

CARL'S JR
Proven & steady
Smalls Sliders
Too new to judge
Verdict
Units · latest run
-6.9% (2022–2026)
Net unit change
2 → 45 units (2021–2025)
Fair
Exit quality
Too little history
Strong
Transfer / churn
Too little history
Too few seasoned loans
SBA losses vs same-year loans
Too few seasoned loans
—
Distress
—
$25,000
Franchise fee
$35,000
$1.5M–$3.3M
Investment range
$1.4M–$2.1M
4%
Royalty
6%
Disclosed
Earnings (Item 19)
Disclosed

CARL'S JR

Smalls Sliders

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