factual

Who administers the national advertising fund for domestic Carl's Jr. restaurants?

Carls Franchise · 2024 FDD

Answer from 2024 FDD Document

Domestic Carl's Jr. restaurants contribute to a national advertising fund (the "Carl's Jr. Fund") that is administered by Manager.

Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)

What This Means (2024 FDD)

According to the 2024 FDD, the national advertising fund for domestic Carl's Jr. restaurants, known as the "Carl's Jr. Fund," is administered by Manager. This means that Manager is responsible for managing and overseeing the collection and spending of advertising contributions from domestic Carl's Jr. restaurants. These contributions are typically determined as a percentage of revenue from both company-operated and franchised restaurants.

Carls uses these advertising funds for various advertising and marketing programs. The FDD specifies that both company-operated and franchised restaurants contribute to these programs. The contributions are determined as a percentage of revenue and are contributed to the applicable funds throughout the year.

Carls also handles the administration of advertising and marketing programs internally for the Carl's Jr. Fund, certain international advertising funds, and the Hardee's National Advertising Fund (HNAF). However, a third party is responsible for administering the Hardee's local co-operative advertising funds. This indicates a different approach for Hardee's local advertising efforts compared to the national and international advertising funds managed internally by Carls.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.