What is the estimated useful life for Hardees' leasehold improvements?

According to Hardees's 2025 Franchise Disclosure Document, the estimated useful life for leasehold improvements ranges from 3 to 25 years. Leasehold improvements are amortized using the straight-line method. This means the cost of the improvements is evenly spread out over their useful life or the lease term, whichever is shorter.

For a Hardees franchisee, this means that when you make improvements to your leased restaurant location, you can deduct a portion of the cost each year as an expense. The exact number of years you use will depend on how long your lease is and what the estimated lifespan of the specific improvements are.

It is important to note that the amortization period may include renewal option periods if exercising the renewal is reasonably certain at the time of acquisition and failure to renew would result in an economic penalty. This can affect the yearly deduction amount, so franchisees should consult with a financial professional to determine the correct amortization schedule for their leasehold improvements.