For Hardees franchised dual concept restaurants, what was the total number of restaurants at the start of 2023?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Restaurant Type | Year | Restaurants at Start of the Year | Restaurants at End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2023 | 167 | 160 | -7 |
| 2024 | 160 | 134 | -26 | |
| 2025 | 134 | 129 | -5 | |
| Company- | 2023 | 12 | 4 | -8 |
| Operated | ||||
| 2024 | 4 | 0 | -4 | |
| 2025 | 0 | 0 | 0 | |
| Total | 2023 | 179 | 164 | -15 |
| Restaurants | ||||
| 2024 | 164 | 134 | -30 | |
| 2025 | 134 | 129 | -5 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–84)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, there were 167 franchised dual concept restaurants at the start of 2023. This number reflects the restaurants that were operational as of the beginning of Hardees's fiscal year, which runs from the Tuesday subsequent to the last Monday in January through the last Monday in January of the next calendar year.
This figure is important for potential franchisees as it provides a snapshot of the size and scope of the dual concept franchise system within Hardees at that time. Understanding the number of restaurants at the beginning of the year can help in analyzing trends in the growth or contraction of the franchise. It also serves as a baseline for evaluating the net change in the number of restaurants over the course of the year.
It is important to note that this number only reflects franchised dual concept restaurants and does not include company-operated locations. Additionally, the FDD includes notes that multiple events affecting a Hardee's Restaurant are shown as the event that occurred last in time, which could impact the accuracy of year-end counts if closures and openings occurred at the same location. Reviewing the complete table and related exhibits in the FDD is essential for a comprehensive understanding of the Hardees franchise network.