What was the total number of Carls Jr. franchise transfers across all states in 2024?

According to Carls Jr.'s 2025 Franchise Disclosure Document, there were a total of 33 franchise transfers across all states in 2024. This number is derived from data presented in Item 20, which details outlet and franchisee information. This is a notable decrease from the 94 transfers that occurred in 2023, but significantly higher than the 12 transfers in 2025.

For a prospective franchisee, this data point is relevant for several reasons. Franchise transfers can indicate the health and stability of the franchise system. A high number of transfers might suggest franchisees are struggling or looking to exit the business, while a low number could indicate stability. The 2024 figure of 33 transfers suggests a moderate level of activity within the Carls Jr. system.

It's important to note that these figures represent the total number of transfers across all states. The number of transfers in specific states may vary. For example, Arizona had 3 transfers in 2024, California had 10, Nevada had 6, New Mexico had 3, and Texas had 11. Reviewing state-specific data can provide a more granular understanding of franchise activity in particular markets of interest.

Ultimately, a prospective Carls Jr. franchisee should consider these transfer numbers in conjunction with other data points, such as restaurant openings, closures, and overall financial performance, to gain a comprehensive understanding of the franchise system's dynamics and potential opportunities.