What was the reported inventory value for Hardee's Restaurants LLC?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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: | ф 1.24 7 | -a • | - $ 3.393 | , e 2.20 5 | Ф | s | e 10.501 | |
| Cash and cash equivalents | 52 $ — | - $ 3,397 | 7 $ 3,385 | » — | » — | $ 10,581 | ||
| Cash and cash equivalents - restricted | 18,1 | - - | _ | _ | 18,147 | |||
| Accounts receivable, net | , | - 12,702 | _ | (06, 071) | 23,790 | |||
| Due from affiliates | * | * | - 57,488 | _ | (86,871) | 2,458 | ||
| Inventories | - 2,459 | _ | _ | 2,987 | ||||
| Prepaid expenses | - 539 | _ | _ | 721 | ||||
| Other current assets | _ | |||||||
| Total current assets | · · · · · · · · · · · · · · · · · · · | 14 | - 76,585 | , | _ | (86,871) | 58,684 | |
| Property and equipment, net | · · · · · · · · · · · · · · · · · · · | - 259,388 | _ | _ | 343,242 | |||
| Operating lease assets | · · · · · · · · · · · · · · · · · · · | - 87,023 | _ | _ | 370,418 | |||
| Intangible assets, net | - 388,702 | _ | _ | 760,749 | ||||
| Other assets, net | 16,104 | - 22,269 | 38,373 | |||||
| Total assets | $ 781,599 | $ 39,14 | - $ 833,967 | $ 3,627 | $ | $ (86,871) | $ 1,571,466 | |
| LIADH ITHEC AND MEMBERS' DEFICIT | ||||||||
| LIABILITIES AND MEMBERS' DEFICIT Current liabilities: | ||||||||
| Current portion of long-term debt | s | · $ 5.90 | 00 $ _ | - s - | - $ 5.900 | s | s | $ 11,800 |
| Current portion of finance leases | -,- | - 921 | , | _ | _ | 1,512 | ||
| Current portion of operating leases | _ | - 15,846 | _ | _ | 73,887 | |||
| Accounts payable | ' | 3 - | - 1,470 | _ | _ | 3.073 | ||
| Due to affiliates | ' | _ | - 7,533 | (86,871) | 2,141 | |||
| Other current liabilities | · · · · · · · · · · · · · · · · · · · | - 19,945 - 19,945 | · · · · · · · · · · · · · · · · · · · | (60,671) | 36,700 | |||
| Total current liabilities | - 45,715 | (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. Resta
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardee's 2025 Franchise Disclosure Document, the reported inventory value for Hardee's Restaurants LLC as of January 31, 2025, was $2,293. This figure is part of the consolidated balance sheet detailing the assets, liabilities, and equity of Hardee's Restaurants LLC and its affiliates.
This inventory value represents the cost of goods, supplies, and materials that Hardee's Restaurants LLC had on hand at the end of the fiscal year. For a prospective franchisee, understanding the inventory value is crucial as it reflects the scale of operations and the resources required to maintain the business. It also provides insight into the efficiency of inventory management practices within the Hardee's system.
It's important to note that this value is a snapshot in time and can fluctuate based on various factors, including seasonal demand, supply chain dynamics, and promotional activities. Additionally, this figure represents the inventory value for Hardee's Restaurants LLC, the parent company, and not necessarily the inventory value of an individual franchised location. A franchisee's inventory requirements and management will depend on their specific restaurant's sales volume and operational practices.