What was the reported cost for payroll and other employee benefits for Hardees?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
neral and administrative | . 63 | 22,295 | | (281) | 21,633 | _ | _ | 43,710 | | | | Facility action charges, net | (1,686) | | | 1,876 | | | | 190 | | | | Total operating costs and expenses | 175,907 | 22,295 | | 293,741 | 21,633 | | (19,200) | 494,376 | | | | Operating income (loss) | . 109,268 | (16,722) | _ | 92,523 | (8,007) | | _ | 177,062 | | | | Interest expense | (1,422) | (31,032) | _ | (5,319) | (30,999) | | _ | (68,772) | | | | Other income (loss), net | 1,143 | 104,400 | 60,034 | 517 | 86,881 | 47,162 | (298,893) | 1,244 | | | | Income (loss) before income taxes | 108,989 | 56,646 | 60,034 | 87,721 | 47,875 | 47,162 | (298,893) | 109,534 | | | | Income tax expense | 4,966 | | | 1,380 | | | | 6,346 | | | | Net income (loss) | $ 104,023 | $ 56,646 | $ 60,034 | $ 86,341 | $ 47,875 | $ 47,162 | $ (298,893) | $ 103,188 | | |
THE CKE SECURITIZATION ENTITIES COMBINING CONSOLIDATING STATEMENTS OF INCOME (In thousands)
| isca | |
|---|---|
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Revenue: | ||||||||
| Company-operated restaurants | . $ 112,928 | $ | $ | $ 255,914 | $ — | $ — | $ — | $ 368,842 |
| Franchised restaurants and other | . 175,402 | 5,643 | 117,311 | 12,594 | (18,237) | 292,713 | ||
| Total revenue | 288,330 | 5,643 | 373,225 | 12,594 | (18,237) | 661,555 | ||
| Operating costs and expenses: | ||||||||
| Company-operated restaurants: | ||||||||
| Food and packaging | 28,645 | _ | 69,234 | _ | _ | _ | 97,879 | |
| Payroll and other employee benefits | 34,371 | _ | _ | 88,269 | _ | _ | _ | 122,640 |
| Occupancy and other | 36,600 | 86,253 | (18,237) | 104,616 | ||||
| Total company-operated restaurants | 99,616 | _ | _ | 243,756 | _ | _ | (18,237) | 325,135 |
| Franc |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, Hardee's Restaurants LLC reported payroll and other employee benefits expenses of $88,269. When combined with Carl's Jr. Restaurants LLC, the total expenses for payroll and other employee benefits was $122,640.
This figure represents the expenses for company-operated restaurants and is a component of the total operating costs. For a prospective franchisee, this indicates the scale of employee-related costs within company-operated stores, which can be used as a benchmark when planning for their own franchise's operational expenses. However, franchisees should consider that their actual costs may vary based on location, staffing models, and local regulations.
It's important to note that this number is part of a consolidated financial statement, reflecting the broader financial activities of Hardees Restaurants LLC. Franchisees should also consider other factors, such as advertising expenses ($13,837 for Hardee's Restaurants LLC) and general/administrative expenses ($213 for Hardee's Restaurants LLC), to get a comprehensive view of operating costs. These figures provide a basis for understanding the cost structure within the Hardees system, but individual franchise performance will depend on various factors, including management, local market conditions, and adherence to Hardees's operational standards.