What was the total amount of purchases of property and equipment for Hardees in Fiscal Year 2023?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fiscal 2 | 024 | Fis | scal 2023 | |
|---|---|---|---|---|
| Cash paid for: | ||||
| Accrued property and equipment purchases | 928 | 217 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the cash paid for accrued property and equipment purchases in fiscal year 2023 was $217.
This figure represents the amount of cash Hardees spent on property and equipment that was accrued or unpaid at the time of purchase. Accrued purchases typically reflect a timing difference between when the goods or services are received and when the payment is actually made. This number gives potential franchisees insight into the capital expenditure patterns of Hardees.
It is important to note that this figure only represents accrued purchases, and may not reflect the total investment in property and equipment for that year. A prospective franchisee should consider this information in conjunction with other financial data in the FDD to assess the overall financial health and investment requirements of a Hardees franchise.