Smalls Sliders
Smalls Sliders offers franchises for made-to-order slider restaurants with locations in Atlanta, Georgia. Known for their limited menu of sliders, fries, and milkshakes, this franchise operates in the quick-service restaurant sector.
About Smalls Sliders
Smalls Sliders franchise FAQ
How much does it cost to open one — the total initial investment?
The total estimated initial investment to begin operations of a Smalls Sliders Restaurant ranges from $1,297,825 to $1,993,734. This figure includes the $52,500 that must be paid to the franchisor or its affiliates as specified on page [p.1].
What is the initial franchise fee?
The initial franchise fee is $35,000 when you sign the Franchise Agreement for a Smalls Sliders Restaurant [p.12]. This fee is non-recurring and nonrefundable except as specified in the FDD [p.72].
What are the ongoing royalty and advertising fees?
This isn't specified in the excerpts.
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts.
Can I sell or transfer my franchise, and what does that require?
The franchisor can generally refuse to permit the transfer of ownership of a franchise except for good cause, which includes but is not limited to having a non-controlling ownership interest in you or meeting certain standards set by the franchisor. If an entity owner wishes to transfer a non-controlling ownership interest, they must notify the franchisor at least 60 days before the proposed transfer and ensure that the transferee meets the franchisor's standards for Small Sliders Restaurants franchise owners [p.94]. This isn't specified in the excerpts regarding the exact process or requirements for transferring control of the franchise business itself.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement if you fail to comply with the terms of the franchise agreement and do not cure such failure within a reasonable period, typically no more than 30 days [p.5]. Additionally, termination can occur if there is a breach of any other agreement between you and the franchisor due to your non-compliance [p.101], or if you fail to meet development obligations under the Development Schedule [p.127].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The provided FDD excerpts focus on the franchisor's financial condition and obligations but do not detail specific net worth or liquid capital requirements for franchisees.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You may face competition from other franchisees, outlets owned by the company, and other competitive brands within the Protected Territory [p.36]. Additionally, there are no options or rights of first refusal to acquire additional franchises in the Protected Territory or contiguous areas [p.36].
What training and ongoing support does the franchisor provide?
The franchisor provides an Initial Training Program that includes Smalls Sliders Orientation, which must be completed within 90 days after signing the Franchise Agreement. This is followed by additional management team training to be finished 30 days before opening [p.32]. Before the restaurant opens, one of the franchisor's representatives will provide up to 50 hours of on-site support, and ongoing training for new Managers as needed [p.74-75]. The franchisor may also offer additional or special guidance if requested, with associated costs [p.74-75].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor can provide financial performance information if there is a reasonable basis for it and if certain conditions are met, such as providing actual records of an existing outlet you are considering buying [p.48]. However, the franchisor does not make any financial performance representations other than those specified in Item 19 of the FDD, nor do they authorize their employees or representatives to make such representations [p.50].
What am I restricted to selling, and where must I buy supplies?
You are required to sell menu items as specified in the System's standards and specifications. For supplies, you must buy or lease certain operating assets and proprietary products from designated third-party suppliers approved by Smalls Sliders Restaurants, which may include their affiliates. This includes items like sauces containing specified recipes [p.22]. However, the Development Rights Rider does not require you to buy or lease all goods and services exclusively from them [p.24].