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FranchiseVerdict

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2 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.

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These figures come from FDDs of different years (2024, 2025). Costs, fees and unit counts change from one filing to the next, so the older column may be out of date.

Focus by buyer type

Brand
Carl's Jr. logoBAbove average
Carl's Jr.
Quick-Service Restaurants
2024 FDD
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Farmer Boys logoBAbove average
Farmer Boys
Quick-Service Restaurants
2025 FDD
Remove
Vitals
FDD filing
2024 FDD
FDD issued Jul 28, 2025
Investment range
$1.5M – $3.2M
$1.6M – $3.2M
Liquid capital
$160K – $250K
$69K – $149K
Franchise fee
$25K
$45K
Royalty rate
4.0%
5.0%
Ad fund rate
6.0%
3.0%
Performance
Avg gross sales
$1.4M
$2.4MNet sales
Median gross sales
$1.3M
$2.3M
Avg owner earnings
Metric varies by brand. Check type below
$372K
Not extracted
Earnings metric
EBITDAR9
Not classified
Risk
Rating
BAbove average
BAbove average
Verdict score
66 / 100
65 / 100
SBA charge-off rate
Limited · 34 loans
10.0% (n=20)
SBA loans on record
34
20
Scale
Total units
1,063
102
Net change (latest yr)
-6
+1
Signed, not yet open
7 (0.01 per open outlet)
11 (0.11 per open outlet)
Turnover rate
1.4%
0.0%
Contract
Initial term (years)
20
20
Renewal term (years)
10
10
Initial training (hrs)
328
540
Contacts
Franchisee phones
1,009
98

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