What was the reported net total property and equipment value for Hardees in 2025?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
dated Financial Statements.
NOTE 3 — ACCOUNTS RECEIVABLE, NET
Accounts receivable, net, as of January 31, 2025 and 2024 consisted of the following:
| 2025 | 2024 | |
|---|---|---|
| Trade receivables | $ 45,755 | $ 37,850 |
| Leases receivable | 217 | 180 |
| Taxes receivable | 964 | 24 |
| Notes receivable | 2,542 | 2,759 |
| Allowance for credit losses | (4,679) | (2,375) |
| Total accounts receivable, net | $ 44,799 | $ 38,438 |
The following table summarizes the activity in the allowance for credit losses:
| | Fis | scal 2025 | Fi | scal 2024 | |--------------------------------------------
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total net property and equipment was valued at $371,065 as of January 31, 2025. This figure represents the value of Hardees's assets such as land, leasehold improvements, buildings, equipment, furniture, fixtures, and finance leases, less accumulated depreciation and amortization. The corresponding value for the previous year, January 31, 2024, was $377,436.
These figures are important for prospective franchisees as they provide insight into the financial health and asset management of Hardees. A significant change in this value from year to year could indicate changes in investment strategies, depreciation rates, or asset disposal. It's also worth noting the individual components contributing to the total value. For instance, land is valued at $190,599 in 2025, while equipment, furniture, and fixtures are valued at $160,079.
Understanding the breakdown of property and equipment can help a franchisee assess the resources Hardees has at its disposal. The depreciation and amortization, which reduce the overall asset value, amounted to $281,383 in 2025. This reflects the wearing out or obsolescence of assets over time, a normal aspect of business operations. The estimated useful life of these assets varies, with land having an indefinite life and other assets like equipment having a shorter lifespan of 3-8 years.
For a prospective franchisee, this information is useful for evaluating the long-term sustainability and capital expenditure requirements of a Hardees franchise. It would be prudent to compare these figures with industry benchmarks and to inquire about Hardees's plans for maintaining and upgrading its property and equipment.