What was the total amount of Hardees' operating lease cost in fiscal year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
are included in accounts receivable, net and other assets, net in our accompanying Consolidated Balance Sheets. As of January 31, 2025, future minimum lease and sublease rent revenue expected to be received, are as follows:
| Finance Leases Operating Leases | |||||
|---|---|---|---|---|---|
| Subleases | Subleases | Owned Properties | |||
| Fiscal: | |||||
| 2026 | $ 366 | $ | 75,885 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total operating lease cost for Hardees in fiscal year 2024 was $94,194. This figure includes both the operating lease cost of $92,340 and a variable lease cost of $1,854.
Operating lease costs are the expenses Hardees incurs for leasing property and equipment necessary for running the business. These costs can include rent for the restaurant location and fees for equipment leases. Variable lease costs, on the other hand, may fluctuate based on factors such as sales performance or usage.
For a prospective Hardees franchisee, understanding these lease costs is crucial for assessing the overall financial viability of the franchise. These figures represent a significant expense that will impact the franchisee's profitability. It's important to note that these costs can vary depending on the specific location and lease terms negotiated.