How many Hardees franchise transfers occurred in the state of Illinois during 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
up>***The Restaurants included in this table are also included in the preceding table.
Table No. 2 Transfers of Restaurants from Franchisees to New Owners (Other than to HR or Its Affiliates) For Fiscal Years 2023 to 2025(1)
| State | Year | Number of Transfers |
|---|---|---|
| AL | 2023 | 0 |
| 2024 | 1 | |
| 2025 | 0 | |
| AR | 2023 | 0 |
| 2024 | 2 | |
| 2025 | 0 | |
| DE | 2023 | 0 |
| 2024 | 0 | |
| 2025 | 1 | |
| FL | 2023 | 2 |
| 2024 | 4 | |
| 2025 | 1 | |
| State | Year | Number of Transfers |
| --- | --- | --- |
| GA | 2023 | 0 |
| 2024 | 37 | |
| 2025 | 0 | |
| IL | 2023 | 0 |
| 2024 | 35 | |
| 2025 | 0 | |
| IN | 2023 | 0 |
| 2024 | 11 | |
| 2025 | 0 | |
| IA | 2023 | 0 |
| 2024 | 10 |
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 35 franchise transfers in Illinois during 2024. This number is part of a larger table that details the number of franchise transfers by state for the years 2023, 2024, and 2025. Note (1) states that the numbers for 2023-2025 are as of Hardee's fiscal year end, which runs from the Tuesday subsequent to the last Monday in January through the last Monday in January of the next calendar year.
For a prospective franchisee, this data indicates the level of franchise transfers within the Hardees system in Illinois. A high number of transfers could suggest instability or challenges within the market, while a lower number might indicate more stable franchise operations. It's important to consider this number in the context of the total number of Hardees locations in Illinois to understand the transfer rate as a percentage of all franchises.
It is also important to note that the total number of transfers across all states was 191 in 2024, which is significantly higher than the 7 transfers in 2023 and the 10 transfers in 2025. This could indicate a unique set of circumstances in 2024 that led to a higher rate of franchise transfers, and is something a prospective franchisee should investigate further.
Prospective franchisees should also inquire about the reasons for these transfers to better understand the health and stability of Hardees franchises in Illinois. Understanding the reasons behind franchise transfers can provide valuable insights into potential challenges and opportunities within the Hardees system.