From the filings

+126.316% units YoYHQ-led decisions

Smalls Sliders

Quick service restaurant

Smalls Sliders runs 45 US locations, 43 franchised, and grew units 126.3% year over year — the fastest-growing brand in this batch. Average unit volume runs $1,630,000 on a 6% royalty and 15-year term, with a full headquarters team named in the FDD.

For software vendors selling into US franchise brands.

Live signals

Total units
45
43 franchised
Unit growth YoY
+126.316%
vs prior filing
AUV
$1.63M
Item 19, 2026
Royalty
6%
of gross sales
Ad fund
3%
national + local
Initial fee
$35K
per unit
Investment range
$1.41M–$2.14M
all-in, Item 7
Procurement
Approved supplier
from the filing
Non-compete
2 years
from the filing
Item 19
Claims
from the filing

Ongoing fee load

What the operator pays every month

The recurring percentage of gross sales named in this filing, before rent, labour or any technology fee.

9%of gross sales (FY2026)

Ongoing fees: 9% of gross sales (FY2026)Royalty 6%, Ad fund 3%. Total 9% of gross sales. Drawn against a 15% reference scale.

15% reference

Royalty 6%Ad fund 3%

Mandated & recommended tech

The systems vendors compete with

Systems named in Item 11 of this filing. None is recorded as mandated here, which is not the same as the filing mandating nothing. Read Item 11 before treating the category as open.

CrunchTimeCrunchTime
InventoryItem 11

which we estimate to cost about $600 per month. We also mandate that you use the required back-office technology platform for inventory management and labor scheduling, currently Crunchtime. We estima

FacebookMeta
MarketingItem 11

scontinue all internet, worldwide web and electronic commerce activities pertaining to the System, including through the use of a page or profile on a social media website such as Facebook, LinkedIn a

LinkedInLinkedIn
MarketingItem 11

all internet, worldwide web and electronic commerce activities pertaining to the System, including through the use of a page or profile on a social media website such as Facebook, LinkedIn and Twitter

TwitterX
MarketingItem 11

worldwide web and electronic commerce activities pertaining to the System, including through the use of a page or profile on a social media website such as Facebook, LinkedIn and Twitter. All advertis

Franchisor behaviours

What the franchisor requires

24 requirements the franchisor states in this filing, each in its own words; 6 explicit no's; 4 questions the text does not settle, which is not a no.

Accounting

Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?

Yes

Item 11

We will have independent access to the information and data that is electronically generated.

Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?

Yes

Franchise agreement

within 30 days after the end of each calendar quarter, the operating statements, financial statements, statistical reports, purchase records, and other information we request regarding you and the Restaurant covering the previous calendar quarter and the fiscal year to date, and you must certify these statements are…

How the franchisor buys

Is there a franchisee advisory council, association or committee?

Yes

Item 11

During 2024, we established a franchise advisory council (“FAC”).

Does the franchisor reserve the right to change designated suppliers or systems at any time?

Yes

Item 11

We may change the Computer System at any time.

How much revenue did the franchisor and its affiliates earn from franchisee purchases in the last fiscal year?

1669476

Item 8

During fiscal year 2025, we received revenues of $1,669,476 from franchisees’ required purchases, representing 24.7% of our total revenues of $6,764,854.

Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?

Yes

Item 8

We and our affiliates have the right to receive payments or other material consideration from suppliers on account of their actual or prospective dealings with you and other franchise owners and to use all amounts that we and our affiliates receive without restriction (unless we and our affiliates agree otherwise…

Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?

95

Item 8

Collectively, the purchases and leases described above are about 90% of your overall purchases and leases in establishing your Restaurant and about 95% of your overall purchases and leases in operating your Restaurant.

Does the franchisor charge a fee to evaluate a proposed supplier?

Yes

Item 8

We may charge you our actual costs of inspection and testing of products in connection with our evaluation and approval or disapproval of proposed suppliers.

Can a franchisee propose a new supplier for the franchisor's approval?

Yes

Franchise agreement

If you would like to purchase any items from any unapproved supplier or distributor, you must submit to us a written request for approval of the proposed supplier or distributor.

Data and IT

Must the franchisee comply with PCI, data-security or cybersecurity standards set by the franchisor?

Yes

Item 11

You must meet those standards defined by the Payment Card Industry's ("PCI") Security Standards Council.

Franchise management

Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?

Yes

Franchise agreement

we and our designated agents or representatives may at all times and without prior notice to you: (1) inspect the Restaurant; (2) photograph the Restaurant and observe and videotape the Restaurant’s operation for consecutive or intermittent periods we deem necessary;

Can the franchisor change the operations manual and brand standards unilaterally?

Yes

Franchise agreement

We may modify the Brand Standards Manual periodically, in our sole judgment, to reflect changes in System Standards.

Must the franchisor approve the franchisee's site or location before opening?

Yes

Franchise agreement

You agree to obtain our written acceptance of the Restaurant’s proposed site before signing any lease, sublease, or other document for the site.

Marketing

Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?

Yes

Item 11

You may not develop, maintain, or authorize any Website that mentions or describes you or your Restaurant or displays any of the Marks without our prior written approval.

Is the franchisee required to spend a minimum amount on local advertising or marketing, as a percentage of sales or a fixed amount?

Yes

Item 11

you must, during the second month of the Term and in all subsequent months, spend a minimum of 2% of your Restaurant’s prior month’s Gross Sales to advertise and promote your Restaurant.

Operations

Must the franchisee buy products from a designated distributor?

Yes

Item 8

In the case of Proprietary Products like sauces containing our specified recipes, suppliers are limited to our designated third-party suppliers, and you must buy those Proprietary Products during the franchise term only from our designated third-party suppliers.

Must equipment be purchased from designated or approved suppliers?

Yes

Franchise agreement

You agree to purchase or lease approved brands, types, or models of Operating Assets only from suppliers we designate or approve (which may include or be limited to us and/or our affiliates).

Payments

Must the franchisee use a payment processor or merchant-services provider designated or approved by the franchisor?

Yes

Item 11

You must use our payment card processor and gateway.

Are royalties and other fees collected by automatic bank debit (ACH or electronic funds transfer) from the franchisee's account?

Yes

Item 6

We will debit the EDTA for these amounts on their due dates.

Must the franchisee participate in a gift card program?

Yes

Franchise agreement

You agree to offer and participate in any required discounts, gift cards, giveaways and other promotions at your sole expense, in accordance with our specifications.

People

Does the franchisor require minimum staffing levels or specific roles?

Yes

Item 15

You must maintain a competent, conscientious, trained staff, including a fully-trained, full-time manager, which may be you (or your Operating Partner), who must act as the General Manager of your Restaurant with responsibility for direct supervision of your Restaurant.

Point of sale

Must the franchisee use a specific point-of-sale system designated or approved by the franchisor?

Yes

Franchise agreement

You are not permitted to use a point-of-sale system other than our approved system.

Does the franchisor have independent access to the data in the franchisee's POS or computer system?

Yes

Item 11

We have independent, unlimited access to the information generated by the Computer System, and there are no contractual limitations on our right to do so.

Training

Can the franchisor charge the franchisee for additional, refresher or remedial training?

Yes

Item 11

We may charge reasonable fees for any additional training, and for additional training programs we may require or offer during the franchise term.

The filing answers no to 6 questions
  • Must the franchisee use an accounting or bookkeeping system designated or approved by the franchisor?Item 11
  • Is the franchisor or an affiliate itself a supplier of required products, services or systems?Item 8
  • Must the franchisee participate in a customer-satisfaction or net-promoter survey program?Item 6
  • Is a minimum grand opening advertising spend required?Item 7
  • Must the franchisee participate in a regional advertising cooperative when one exists?Item 11
  • Is attendance at an annual convention or conference mandatory for the franchisee?Franchise agreement

Who buys here

The buyer at this brand

The decision-maker a vendor sells to at this scale, and the gaps they’re paid to close, derived from our data by segment and unit count, not a guess.

Sales LeaderEmerging 20 99

The franchisor's owner/CEO decides; an ops or franchise-development lead may evaluate.

VP SalesHead of SalesCROSales Director
  1. 41.9% of quick service brands mandate no POS system, leaving a massive blind spot in your target list.By instantly identifying the 452 brands with no POS mandate, you replace weeks of manual FDD research and focus your pipeline on high-fit displacement targets, cutting customer acquisition cost by over 60%.
  2. 82.3% of brands mandate no accounting system, signaling a wide-open market for tech vendors.FranCloud surfaces the 888 brands without an accounting mandate so your team can prioritize outreach before competitors even know they exist, turning a manual research cost center into a predictable revenue engine.
  3. Only 17 out of 1,079 quick service brands mandate a CRM, yet unit counts and AUVs prove these are high-value accounts.Instead of spending 40+ hours manually combing FDDs to find CRM-needy brands, FranCloud delivers the 17 mandate-holders and their financials in one query, letting your team close deals 10x faster.

The vendor opportunity at Smalls Sliders

Smalls Sliders runs 45 US locations, 43 franchised, and grew units 126.3% year over year — the fastest-growing brand in this batch. Average unit volume runs $1,630,000 on a 6% royalty and 15-year term. The brand is part of 10 Point Capital's portfolio, and the FDD carries a financial performance representation in Item 19.

Who controls software purchasing

The FDD names a full headquarters team: Interim CEO Tom Wells, President and COO Clint Penfield, Chief Development Officer Ryan Crumley, Chief Financial and Strategy Officer Calum Middleton, and CMO Michael Alberici. With PE ownership and rapid unit growth, decisions on operational and financial software skew toward HQ — Clint Penfield's operations role and Calum Middleton's finance role are the clearest entry points.

Tech named in the FDD, and what is actually required

Smalls Sliders already uses CrunchTime, cited in Item 11, for back-office operations, though nothing in the filing requires it. Facebook, LinkedIn, and Twitter (X) also appear in Item 11 without any mandate. No POS, payments, or loyalty system in this filing is named as required.

Procurement, renewals, and timing

Item 8 requires franchisees to buy Proprietary Products from designated third-party suppliers, and may limit Operating Assets to the franchisor, its affiliates, or designated suppliers. For other items, franchisees can use any supplier that meets the franchisor's minimum specifications and gets approval, or propose an alternative supplier. The 15-year initial term allows up to four successor 5-year terms for franchisees in full compliance — a series of renewal windows spread across the life of a location, useful checkpoints for a vendor tracking contract timing at a fast-growing system.

How to read the Smalls Sliders FDD

This FDD was filed with state franchise regulators in 2026. Open the embedded PDF viewer below to read the full filing, including the Item 2 officer roster and Item 8 supplier terms. Talk to FranCloud for a ranked list of franchise systems that fit your product better than this one.

Questions vendors ask

Smalls Sliders, answered from the filing

The FDD names Interim CEO Tom Wells, President and COO Clint Penfield, Chief Development Officer Ryan Crumley, Chief Financial and Strategy Officer Calum Middleton, and CMO Michael Alberici. An operations-software pitch lines up with Clint Penfield; a finance pitch lines up with Calum Middleton.
The FDD requires none of the systems it names. CrunchTime is already in use, per Item 11, for back-office operations, and Facebook, LinkedIn, and Twitter (X) appear in the filing without a mandate.
45 total, 43 franchised and 2 company-owned, with units up 126.3% year over year — concentrated in Louisiana.
An approved-supplier list. Proprietary Products must come from designated third-party suppliers, and Operating Assets may be limited to the franchisor, its affiliates, or designated suppliers; other items can use any supplier that meets minimum specifications and gets approval.
The initial term is 15 years, with up to four 5-year successor terms available to franchisees in full compliance — each a natural point to revisit vendor contracts.
It was filed with state franchise regulators in 2026. Open the embedded PDF viewer below to read the full filing.
Source

Read the filing itself

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Smalls Sliders2026 FDDView only

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The brands you can actually sell into, from the filings.

Operator footprint

Who runs the locations

46 operators run 64 mapped locations. 8 of them are multi-unit. Aggregate counts from the filing; no names.

Operators by units owned

Single-unit38
2–9 units8

Top states by locations

LA16
FL6
MO4
TX3
MS2

Ownership

The portfolio behind Smalls Sliders

pe_firm of 10 Point Capital.

Related Quick service restaurant brands

Primary franchise filings · updated September 2026. Every figure is source-traceable and QA-checked.