Smalls Sliders
Bottom line
- Total investment $1.4M – $2.1M including a $35K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 10 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Smalls Sliders unit return on the cash you put in?
Unlevered ROIC · per unit
5%
Below typical band (30–60%)
Overview
About
Franchisees operate fast-casual slider restaurants featuring small-format gourmet hamburgers and related quick-service items. Daily operations include food prep, inventory management, staff scheduling, customer service, and POS management in a limited-service restaurant model. Franchisees typically manage 10–20 employees across morning prep, lunch, and dinner service.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 23 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Smalls Sliders is a high-investment, early-stage franchise with explosive unit growth but zero disclosed financial performance metrics, making ROI validation impossible and sustainability questionable.
Score breakdown · what drove the 44 / 100 rating
- 01MEDNo average revenue or net income disclosed in FDD (Item 19) — impossible to validate ROI claims
- 02MINORHigh unit growth rate (126.3% YoY) is atypical and raises sustainability questions; may indicate aggressive recruitment over organic growth
- 03MINORInvestment range of $1.4M–$2.1M is substantial with no financial performance benchmarks to justify it
- 04MINOR6% royalty on gross sales (not net) is aggressive and lacks transparency on what franchisees typically net
- 05MEDOnly 45 total units suggests early-stage franchise with limited historical data and unproven scalability
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
74 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Smalls Sliders · FDD (2026) PDF