factual

Who administers the Hardees National Advertising Fund (HNAF)?

Hardees Franchise · 2025 FDD

Answer from 2025 FDD Document

Domestic Carl's Jr. restaurants contribute to a national advertising fund (the "Carl's Jr. Fund") that is administered by Manager. Domestic Hardee's restaurants contribute to Hardee's National Advertising Fund ("HNAF") that is administered by Manager and co-operative advertising funds that are administered by a third party (collectively, the "Hardee's Funds"), but consolidated by Manager since Manager is the primary beneficiary of the Hardee's Funds. Further, both international Carl's Jr. restaurants and Hardee's restaurants contribute to certain international advertising funds that are administered by Manager.

Source: Item 21 — Financial Statements (FDD pages 84–85)

What This Means (2025 FDD)

According to Hardees' 2025 Franchise Disclosure Document, the Hardees National Advertising Fund (HNAF) is administered by 'Manager.' Additionally, the document states that Hardees' co-operative advertising funds are administered by a third party, but consolidated by Manager since Manager is the primary beneficiary of the Hardee's Funds.

This means that a specific entity, referred to as 'Manager' in the FDD, is responsible for overseeing and managing the national advertising efforts for Hardees. This includes making decisions about how the advertising funds are spent and which marketing strategies are implemented. The local co-operative advertising funds, while managed by a third party, are still ultimately consolidated and controlled by 'Manager'.

For a prospective Hardees franchisee, this indicates that they will contribute to a national advertising fund that is centrally managed. While they may also participate in local advertising initiatives, the overall direction and control of advertising strategy lies with 'Manager.' It is important for potential franchisees to understand who 'Manager' is (likely an internal department or an external agency) and how they can provide input into the advertising process. Franchisees should inquire about the specific identity of 'Manager' and the mechanisms in place for franchisee input and oversight of the advertising fund.

Disclaimer: This information is extracted from the 2025 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.