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3 brands side-by-side
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indicates the clear winner per row. Ties and missing data are not highlighted.
How winners are chosen
Lower is better for investment, liquid capital, franchise fee, royalty and ad-fund rates, SBA charge-off rate, and owner turnover.
Higher is better for disclosed revenue and owner earnings, verdict score, total units, net unit growth, and franchisee contacts. For the letter grade, A ranks highest.
A row is highlighted only when one brand clearly leads. Ties are never highlighted, and missing data never counts as a win. Some rows (earnings-metric type, loan counts, contract terms) are informational and have no winner.
Focus by buyer type
| Brand |  AStrongest tierCanteen Quick-Service Restaurants 2025 FDD Remove |  BAbove averageSmashburger Quick-Service Restaurants 2025 FDD Remove |  AStrongest tierla Madeleine Quick-Service Restaurants 2025 FDD Remove |
|---|---|---|---|
| Vitals | |||
FDD filing | FDD issued Dec 15, 2025 | FDD issued Apr 16, 2025 | FDD issued Apr 30, 2025 |
Investment range | $1.4M – $2.1M | $1.2M – $2.3M | $1.2M – $2.3M |
Liquid capital | $75K – $100K | $10K – $20K | $15K – $200K |
Franchise fee | $3K | $40K | $40K |
Royalty rate | 5.3% | 5.5% | 5.0% |
Ad fund rate | Not extracted | 2.3% | 3.0% |
| Performance | |||
Avg gross sales | Partial, no system average | No Item 19 representation | $2.2MCompany-owned only |
Median gross sales | Not extracted | Not disclosed | Not extracted |
Avg owner earnings Metric varies by brand. Check type below | Not extracted | Not disclosed | Not extracted |
Earnings metric | Not classified | Not classified | EBITDA |
| Risk | |||
Rating | AStrongest tier | BAbove average | AStrongest tier |
Verdict score | 74 / 100 | 53 / 100 | 74 / 100 |
SBA charge-off rate | 0.0% (n=11) | Limited · 11 loans | Not SBA-matched |
SBA loans on record | 11 | 11 | N/A |
| Scale | |||
Total units | 261 | 194 | 91 |
Net change (latest yr) | -8 | -13 | -2 |
Signed, not yet open | 0 (0.00 per open outlet) | 0 (0.00 per open outlet) | 5 (0.05 per open outlet) |
Turnover rate | 3.4% | 9.8% | 1.6% |
| Contract | |||
Initial term (years) | 15 | 15 | 10 |
Renewal term (years) | 10 | 15 | 10 |
Initial training (hrs) | 240 | 269 | 300 |
| Contacts | |||
Franchisee phones | 78 | 76 | 14 |
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