What was the total revenue Carls received from franchised restaurants and other sources in the most recent year presented in the financial statements?
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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the financial statements include revenue figures for Carl's Jr. Restaurants LLC, Carl's Jr. Funding LLC, Hardee's Restaurants LLC, and Hardee's Funding LLC, along with eliminations to arrive at the total for The CKE Securitization Entities. The revenue from franchised restaurants and other sources for these entities totaled $290,831.
Specifically, Carl's Jr. Restaurants LLC reported $168,244 in revenue from franchised restaurants and other sources, while Carl's Jr. Funding LLC reported $5,579. Hardee's Restaurants LLC reported $122,587, and Hardee's Funding LLC reported $11,835. An elimination of $17,414 was applied to arrive at the combined total of $290,831 for The CKE Securitization Entities.
It is important to note that these figures represent the combined revenues from various Carl's Jr. and Hardee's entities under The CKE Securitization Entities. A prospective franchisee should consider these figures in the context of the overall financial performance of Carls and the specific brand (Carl's Jr. or Hardee's) they are considering.