What is the relationship between Carl's Jr. Funding LLC and the Carls franchise?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
Our Parent and Certain Affiliates. Our direct corporate parent is Carl's Jr. Funding LLC ("CJF"), and CJF's direct corporate parent is Carl's Jr. SPV Guarantor LLC ("SPV"). CJF and SPV are Delaware limited liability companies organized on January 30, 2013, with the same principal place of business as ours. Neither CJF nor SPV offer franchises in any line of business or provide products or services to Carl's Jr. franchisees.
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, Carl's Jr. Funding LLC (CJF) is the direct corporate parent of Carl's Jr. Restaurants LLC, the franchisor (referred to as "CJR" in the document). CJF was organized on January 30, 2013, as a Delaware limited liability company and shares the same principal place of business as Carl's Jr. Restaurants LLC.
However, Carl's Jr. Funding LLC does not offer franchises in any line of business, nor does it provide products or services to Carl's Jr. franchisees. Its sole role appears to be as a parent company within the corporate structure. Carl's Jr. SPV Guarantor LLC (SPV) is the direct corporate parent of CJF.
In summary, Carl's Jr. Funding LLC is part of the ownership structure of the Carls franchise but has no direct involvement in franchising activities or providing services to franchisees.