What was the total revenue for Hardee's Restaurants LLC from company-operated restaurants?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
| Carl's Jr. Restaurants LLC | Carl's Jr. FundingLLC | Carl's Jr. SPY Guarantor LLC | Hardee's Restaurants LLC | Hardee's FundingLLC | Hardee's SPY Guarantor LLC | Eliminations | The CKE Securitization Entities | |
|---|---|---|---|---|---|---|---|---|
| Revenue: | ||||||||
| Company-operated restaurants $ | 111 ,433 | $ | $ | $ 242,820 | $ | $ | $ | 354,253 $ |
| Franchised restaurants and other | 168,244 | 5,579 | 122,587 | 11,835 | (17,414) | 290,831 | ||
| Total revenue | 279,677 | 5,579 | 365,407 | 11 ,835 | (17,414) | 645,084 |
Advertising costs for company-operated restaurants' contributions to the Advertising Funds is eliminated in consolidation. Advertising contributions by company-operated restaurants totaled $18,735 and $17,934 for fiscal 2024 and fiscal 2023, respectively.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, Hardee's Restaurants LLC had revenue of $242,820 from company-operated restaurants. Additionally, the Carl's Jr. Restaurants LLC had revenue of $111,433 from company-operated restaurants. The CKE Securitization Entities had a combined revenue of $354,253 from company-operated restaurants.
This information is crucial for prospective franchisees as it provides insight into the revenue generated by company-operated restaurants under the Hardee's brand. Understanding the revenue figures can help potential franchisees assess the financial performance and potential profitability of corporate-owned stores. This can be a useful benchmark when evaluating the potential of their own franchised location.
It's important to note that these figures represent revenue and not profit. Operating costs and other expenses would need to be subtracted to determine profitability. Franchisees should also consider factors such as location, market conditions, and operational efficiency, which can significantly impact the financial performance of their individual franchise.
It is also important to note that the advertising costs for company-operated restaurants' contributions to the Advertising Funds is eliminated in consolidation. Advertising contributions by company-operated restaurants totaled $18,735 for fiscal year 2024.