Are any of the Affiliated Programs to Hardees operating a Hardees Restaurants franchise?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
Through control with private equity funds managed by Roark Capital Management, LLC, we are affiliated with the following franchise programs ("Affiliated Programs"). None of these affiliates operate a Hardee's Restaurants franchise.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 9–22)
What This Means (2025 FDD)
According to Hardees' 2025 Franchise Disclosure Document, none of the Affiliated Programs operate a Hardee's Restaurants franchise. Hardees is affiliated with other franchise programs through control with private equity funds managed by Roark Capital Management, LLC. These affiliated programs include GoTo Foods Inc., which is the indirect parent company to several franchisors such as Auntie Anne's, Carvel, Cinnabon, Jamba Juice, McAlister's, Moe's, and Schlotzsky's.
This means that while Hardees shares an affiliation with these other franchise systems, none of those affiliated entities are themselves operating a Hardees franchise. A prospective franchisee can be assured that these related brands are not directly competing with or operating within the Hardees system.
It is common for franchise companies to be part of larger portfolios managed by private equity firms, allowing for shared resources and expertise across different brands. However, each franchise typically operates independently, with its own specific brand standards and operational procedures. This structure allows Hardees to maintain its unique identity and focus on its specific market segment within the quick-service restaurant industry.