What was the accumulated amortization for Hardees' franchise agreements in 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
tivity in the allowance for credit losses:
| Allowance for credit losses, beginning of year | $ | 2,033 | $ | 3,413 |
|---|---|---|---|---|
| Provision | 2,133 | 1,270 | ||
| Recoveries | (894) | (1,701) | ||
| Charge-offs. | (897) | (949) | ||
| Allowance for credit losses, end of year | $ | 2,37 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
Based on the 2025 Hardees Franchise Disclosure Document, the document does not explicitly state the accumulated amortization specifically for franchise agreements in 2024. However, it does provide information on amortization related to finance leases and depreciation and amortization expenses related to property and equipment.
The FDD mentions that the accumulated amortization related to finance leases was $333 as of January 31, 2024. Additionally, depreciation and amortization expense related to property and equipment for fiscal year 2024 was $36,202 or $31,280, depending on the specific chunk of the document. It's important to note that amortization of property under finance leases is included within the depreciation and amortization expense.
For a prospective Hardees franchisee, it's crucial to understand the specific amortization schedule for franchise agreements. Since this information is not explicitly provided in the excerpts, it is recommended that the prospective franchisee directly inquire with Hardees about the accumulated amortization related to franchise agreements, as well as the methods and assumptions used in calculating these figures. Understanding these costs is essential for accurate financial planning and assessing the overall profitability of the franchise.