Exhibit 12.1

CARROLS HOLDINGS CORPORATION AND SUBSIDIARY

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

	Fiscal Year Ended December 31,											Three Months Ended March 31,
	1999		2000		2001			2002		2003		2003			2004
Earnings:
Income (loss) before income taxes	$	2,204	$	6,103	$	(5,800	)	$	15,307	$	4,123	$	(2,210	)	$	597
Add fixed charges:
Interest expense including amortization of deferred financing costs		27,654		29,487		41,861			36,271		33,687		8,686			7,909
Portion of rents representative of the interest factor		8,089		8,062		10,402			10,165		10,461		2,606			2,855
Total earnings	$	37,947	$	43,652	$	46,463		$	61,743	$	48,271	$	9,082		$	11,361
Fixed charges:
Interest expense, including amortization of deferred financing costs	$	27,654	$	29,487	$	41,861		$	36,271	$	33,687	$	8,686		$	7,909
Portion of rents representative of the interest factor		8,089		8,062		10,402			10,165		10,461		2,606			2,855
Total fixed charges	$	35,743	$	37,549	$	52,263		$	46,436	$	44,148	$	11,292		$	10,764
Ratio of earnings to fixed charges (1)		1.06x		1.16x		—			1.33x		1.09x		—			1.06x

(1) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income (loss) before income taxes plus fixed charges. Fixed charges include interest expense on all indebtedness, amortization of deferred financing costs and one-third of rental expense on operating leases, representing that portion of rental expense deemed to be attributable to interest. For the year ended December 31, 2001 and for the three months ended March 31, 2003, earnings were inadequate to cover fixed charges by $5,800 and $2,210, respectively.