What was the total revenue for company-operated restaurants for Carl's Jr. Restaurants LLC?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
| ASSETS | Carl's Jr. Restaurants LLC | Carl's Jr. Funding LLC | Carl's Jr. SPV Guarantor LLC | Hardee's Restaurants LLC | Hardee's Funding LLC | Hardee's SPV Guarantor LLC | Eliminations | The CKE Securitization Entities |
|---|---|---|---|---|---|---|---|---|
| Current assets: | ||||||||
| Cash and cash equivalents $ | 1,627 $ | 1,161 $ | — $ | 3,555 $ | 977 $ | — $ | — $ | 7,320 |
| Cash and cash equivalents - restricted | — | 16,053 | — | — | — | — | — | 16,053 |
| Accounts receivable, net | 10,663 | — | — | 10,036 | — | — | — | 20,699 |
| Due from affiliates | 6,860 | 20,696 | — | 52,060 | 215 | — | (79,292) | 539 |
| Inventories | 562 | — | — | 2,411 | — | — | — | 2,973 |
| Prepaid expenses | — | 16 | — | 137 | 20 | — | — | 173 |
| Other current assets | 83 | — | — | — | — | — | — | 83 |
| Total current assets | 19,795 | 37,926 | — | 68,199 | 1,212 | — | (79,292) | 47,840 |
| Property and equipment, net | 83,427 | — | — | 266,461 | — | — | — | 349,888 |
| Operating lease assets | 317,666 | — | — | 93,790 | — | — | — | 411,456 |
| Intangible assets, net | 384,915 | — | — | 408,115 | — | — | — | 793,030 |
| Other assets, net | 13,000 | — | — | 15,810 | — | — | — | 28,810 |
| Total assets $ | 818,803 $ | 37,926 $ | — $ | 852,375 $ | 1,212 $ | — $ | (79,292) $ | 1,631,024 |
| LIABILITIES AND MEMBERS' DEFICIT | ||||||||
| Current liabilities: | ||||||||
| Current portion of long-term debt $ | — $ | 5,900 $ | — $ | — $ | 5,900 $ | — $ | — $ | 11,800 |
| Current portion of finance leases | 627 | — | — | 641 | — | — | — | 1,268 |
| Current portion of operating leases | 59,930 | — | — | 16,312 | — | — | — | 76,242 |
| Accounts payable | 2,849 | — | — | 3,358 | — | — | — | 6,207 |
| Due to affiliates | (564) | 55,477 | — | 3,779 | 25,677 | — | (79,292) | 5,077 |
| Other current liabilities | 10,931 | 2,982 | — | 18,435 | 2,968 | — | — | 35,316 |
| Total current liabilities | 73,773 | 64,359 | — | 42,525 | 34,545 | — | (79,292) | 135,910 |
| Long-term debt, less current portion | — | 558,203 | — | — | 558,202 | — | — | 1,116,405 |
| Finance leases, less current portion | 5,269 | — | — | 9,159 | — | — | — | 14,428 |
| Operating leases, less current portion | 269,290 | — | — | 80,987 | — | — | — | 350,277 |
| Other long-term liabilities | 68,431 | (1) | — | 194,080 | — | — | — | 262,510 |
| Total liabilities | 416,763 | 622,561 | — | 326,751 | 592,747 | — | (79,292) | 1,879,530 |
| Members' equity (deficit): | ||||||||
| Members' equity (deficit) | 402,040 | (584,635) | — | 525,624 | (591,535) | — | — | (248,506) |
| Total liabilities and members' deficit $ | 818,803 $ | 37,926 $ | — $ | 852,375 $ | 1,212 $ | — $ | (79,292) $ | 1,631,024 |
THE CKE SECURITIZATION ENTITIES COMBINING CONSOLIDATING STATEMENT OF OPERATIONS (In thousands)
Fiscal 2024
| | Carl's Jr. Restaurants LLC | Carl's Jr. Funding LLC | | Carl's Jr. SPV Guarantor LLC | | Hardee's Restaurants LLC | Hardee's Funding LLC | Hardee's SPV Guarantor
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, Carl's Jr. Restaurants LLC had revenue from company-operated restaurants of $112,928. This figure represents the income generated directly from restaurants that are owned and operated by the company itself, rather than by franchisees. This revenue is a key indicator of the financial performance of Carl's corporate-owned locations.
In addition to revenue from company-operated restaurants, Carl's Jr. Restaurants LLC also generated $175,402 from franchised restaurants and other sources. The total revenue for Carl's Jr. Restaurants LLC was $288,330. These figures provide a comprehensive view of the different revenue streams contributing to the overall financial health of the company.
Prospective franchisees should consider these revenue figures in conjunction with the operating costs and expenses to understand the profitability of both company-operated and franchised restaurants. Understanding the revenue mix and the performance of company-operated restaurants can offer insights into the potential performance of franchised locations.