When did Carls become an Affiliated Program?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
of business.
Affiliated Franchise Programs. Through control with private equity funds managed by Roark Capital Management, LLC, we are affiliated with the following franchise programs ("Affiliated Programs"). None of these affiliates operates a Carl's Jr. franchise.
GoTo Foods Inc. ("GoTo Foods") is the indirect parent company to seven franchisors, including: Auntie Anne's Franchisor SPV LLC ("Auntie Anne's"), Carvel Franchisor SPV LLC ("Carvel"), Cinnabon Franchisor SPV LLC ("Cinnabon"), Jamba Juice Franchisor SPV LLC ("Jamba"), McAlister's Franchisor SPV LLC ("McAlister's"), Moe's Franchisor SPV LLC ("Moe's"), and Schlotzsky's Franchisor SPV LLC ("Schlotzsky's"). All seven GoTo Foods franchisors have a principal place of business at 5620 Glenridge Drive NE, Atlanta, GA 30342 and have not offered franchises in any other line of business.
Auntie Anne's franchises Auntie Anne's® shops that offer soft pretzels, lemonade, frozen drinks and related foods and beverages. In November 2010, the Auntie Anne's system became affiliated with GoTo Foods through an acquisition. Auntie Anne's predecessor began offering franchises in January 1991. As of December 31, 2023, there were 1,156 franchised and 11 affiliateowned Auntie Anne's shops in the United States and 817 franchised Auntie Anne's shops outside the United States.
Carvel franchises Carvel® ice cream shoppes and is a leading retailer of branded ice cream cakes in the United States and a producer of premium soft-serve ice cream.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–19)
What This Means (2024 FDD)
According to the 2024 FDD, Carls is affiliated with other franchise programs through control with private equity funds managed by Roark Capital Management, LLC. The FDD lists several Affiliated Programs but does not specify when Carls became an Affiliated Program. Instead, the document details when other brands became affiliated programs.
Specifically, i9 Sports, LLC became an Affiliated Program through an acquisition in September 2021. Streamline Brands, LLC became an Affiliated Program through an acquisition in June 2022, and School of Rock Franchising LLC became an Affiliated Program through an acquisition in September 2023.
Because the FDD does not state when Carls became an Affiliated Program, prospective franchisees should ask the franchisor directly for this information to understand the history and structure of Carls's affiliations.