Multi-brand platform
FAT Brands: 14 franchise brands
Restaurant brands whose FDDs name FAT Brands as the parent.
2023 and 2024 and 2025 and 2026 FDDs (Item 1 ownership)SBA 7(a) data through FY2026Updated How we score
Portfolio summary
- Grades
- 2 A · 5 B · 5 C · 2 D
- Units listed (Item 20)
- 1,895
- Largest: Great American Cookies, 21%
- Lowest SBA charge-off
- 4.7% Great American Cookies, n=64 resolved
- Highest SBA charge-off
- 41.2% Johnny Rockets, n=34 resolved
The 14 brands
| Brand | Grade | Investment (Item 7) | Avg gross sales (Item 19) | Units (Item 20) | SBA charge-off | FDD | Owner as the FDD names it |
|---|---|---|---|---|---|---|---|
| Great American CookiesQuick-Service Restaurants | C | $341K – $463K | $540K | 395 | 4.7% (n=64 resolved) | 2025 | FAT Brands, Inc.p. 10 |
| Round Table PizzaQuick-Service Restaurants | B | $1.1M – $1.5M | $1.1M | 390 | 11.4% (n=70 resolved) | 2025 | FAT Brands Inc.p. 9 |
| Marble Slab CreameryQuick-Service Restaurants | C | $355K – $477K | $481K | 249 | 29.4% (n=214 resolved) | 2025 | FAT Brands, Inc.p. 10 |
| Fazoli'sQuick-Service Restaurants | C | $1.6M – $2.6M | $1.3M | 195 | 12.0% (n=25 resolved) | 2025 | FAT Brands, Inc. |
| FatburgerQuick-Service Restaurants | D | $517K – $2.7M | $1.1M | 177 | 14.3% (n=21 resolved) | 2026 | FAT Brands, Inc.p. 10 |
| PretzelmakerQuick-Service Restaurants | B | $392K – $573K | $559K | 129 | 10.3% (n=29 resolved) | 2025 | FAT Brands Inc.p. 10 |
| Twin PeaksFull-Service Restaurants | A | $3.0M – $5.7M | $5.6M | 108 | Not SBA-matched | 2025 | FAT Brands Inc.p. 9 |
| Johnny RocketsFull-Service Restaurants | D | $517K – $2.7M | $1.6M | 100 | 41.2% (n=34 resolved) | 2025 | FAT Brands, Inc.p. 9 |
| Hot Dog On A StickQuick-Service Restaurants | A | $332K – $439K | $420K | 50 | Under 10 loans (2) | 2023 | FAT Brands, Inc.p. 10 |
| Hurricane Grill & Wings / Hurricane Burgers Tacos WingsFull-Service Restaurants | B | $854K – $2.9M | $1.8M | 38 | Under 10 loans (5) | 2025 | FAT Brands, Inc.p. 8 |
| Elevation BurgerQuick-Service Restaurants | C | $517K – $2.0M | $1.1M | 32 | Under 10 loans (3) | 2025 | Fog Cutter Holdings LLCp. 9 |
| Native Grill and WingsFull-Service Restaurants | B | $1.0M – $2.9M | $2.6M | 20 | 10 loans: too few to judge | 2024 | FAT Brands, Inc.p. 8 |
| Buffalo’s CafeFull-Service Restaurants | B | $857K – $2.9M | $2.4M | 12 | Not SBA-matched | 2025 | FAT Brands, Inc.p. 10 |
| HOT DOG ON A STICK SatelliteQuick-Service Restaurants | C | $151K – $227K | Not extracted | Not extracted | Not SBA-matched | 2025 | FAT Brands, Inc.p. 10 |
SBA record
7 of the 14 brands have an SBA 7(a) charge-off rate on enough resolved loans to print, from 4.7% to 41.2%. The rest have too few resolved loans, or none matched. Each rate is charge-offs over resolved loans (paid in full or charged off), from SBA FOIA loan records.
Method
- Ownership is what each brand's own FDD states in Item 1 on its issue date (2023, 2024, 2025, 2026 filings); a later sale is not reflected until a newer filing says so.
- Grades are an editorial assessment of each brand, not of the owner, and not investment advice. Gross sales are revenue, not profit.
- A charge-off rate shows only where at least 10 SBA 7(a) loans have resolved and loans reach 2% of franchised units.
Next step
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