What is the definition of 'Affiliated Programs' in relation to Hardees?
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.
GoTo Foods Inc. ("GoTo Foods") is the indirect parent company to seven franchisors, including: Auntie Anne's Franchisor SPV LLC ("Auntie Anne's"), Carvel Franchisor SPV LLC ("Carvel"), Cinnabon Franchisor SPV LLC ("Cinnabon"), Jamba Juice Franchisor SPV LLC ("Jamba"), McAlister's Franchisor SPV LLC ("McAlister's"), Moe's Franchisor SPV LLC ("Moe's"), and Schlotzsky's Franchisor SPV LLC ("Schlotzsky's"). All seven GoTo Foods franchisors have a principal place of business at 5620 Glenridge Drive NE, Atlanta, GA 30342 and have not offered franchises in any other line of business.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 9–22)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, "Affiliated Programs" are other franchise systems that are under common control with Hardees through private equity funds managed by Roark Capital Management, LLC. It's important to note that none of these affiliated programs operate a Hardee's Restaurant franchise.
The FDD specifies that GoTo Foods Inc. is the indirect parent company to seven franchisors: Auntie Anne's Franchisor SPV LLC, Carvel Franchisor SPV LLC, Cinnabon Franchisor SPV LLC, Jamba Juice Franchisor SPV LLC, McAlister's Franchisor SPV LLC, Moe's Franchisor SPV LLC, and Schlotzsky's Franchisor SPV LLC. All seven of these franchisors share the same principal place of business in Atlanta, GA, and have not offered franchises in any other line of business.
For a prospective Hardees franchisee, this affiliation means that Hardees is part of a larger network of franchise brands. While these brands are separate and do not operate Hardee's restaurants, the shared ownership structure could lead to potential synergies or shared resources across the different franchise systems. However, the FDD explicitly states that none of these affiliates operate a Hardee's Restaurant franchise, emphasizing the distinct nature of the Hardees franchise opportunity.