What was the reported amount for 'Property and equipment, net' for Hardee's Restaurants LLC?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| | (86,871) | 129,113 | | Long-term debt, less current portion | ' | , | | - 45,715 | , | _ | (80,871) | 1,112,394 | | Finance leases, less current portion | | ' | _ | - - 15,783 | · · · · · · · · · · · · · · · · · · · | _ | _ | 21,279 | | • | | | _ | - 13,783 - 77,068 | | _ | _ | 314,846 | | Operating leases, less current portion | · · · · · · · · · · · · · · · · · · · | | _ | | | | | | | Other long-term liabilities | | | | - 171,552 | | | (9/, 971) | 235,470 | | Total liabilities | 378,238 | 622,0 | - | 310,118 | 589,566 | · | (86,871) | 1,813,102 | | Members' equity (deficit): | 402.261 | (500.0) | 17) | 500.046 | (505.020) | | | (241, 626) | | Members' equity (deficit) | 403,361 | | | 523,849 | | | | (241,636) | | Total liabilities and members' deficit | $ 781,599 | $ 39,14 | | - $ 833,967 | $ 3,627 | | $ (86,871) | $ 1,571,466 |
THE CKE SECURITIZATION ENTITIES COMBINING CONSOLIDATING BALANCE SHEET
(In thousands)
| Carl's Jr. Restaurants LLC | Carl's Jr. Funding LLC | Carl's Jr. SPV Guarantor LLC | Hardee's Restaurants LLC | Hardee's Funding LLC | Hardee's SPV Guarantor LLC | Eliminations | The CKE Securitization Entities | |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ 2,117 | $ 3,996 | $ | $ 3,68 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardee's 2025 Franchise Disclosure Document, the reported 'Property and equipment, net' for Hardee's Restaurants LLC is $270,737. This figure represents the net book value of the company's physical assets, such as buildings, equipment, and land, after accounting for accumulated depreciation. It is a snapshot of the value of these assets at a specific point in time.
For a prospective Hardee's franchisee, this number provides insight into the scale of Hardee's investments in its company-owned operations. While franchisees will be responsible for acquiring their own property and equipment, understanding the value of Hardee's assets can help them benchmark their own investments and assess the overall financial health of the brand. The franchisee needs to consider that this value is for Hardee's Restaurants LLC, not the franchise itself.
It's important to note that this figure is just one component of Hardee's overall financial picture. Franchisees should review the complete financial statements in the FDD, including the balance sheet, income statement, and cash flow statement, to gain a comprehensive understanding of Hardee's financial performance and stability. Additionally, prospective franchisees should consult with a financial advisor to assess the implications of these figures for their own investment decisions.