What was the total federal current income tax expense for Hardees in Fiscal Year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
ith Roark. In exchange for advice concerning management, finance, marketing, strategic planning and other advisory and consulting services provided to us by Roark and its affiliates, Roark receives consulting fees and reimbursement of reasonable expenses. The current annual consulting fee of $3,461 is payable in equal quarterly installments and subject to an increase of three percent per
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total federal current income tax expense for Fiscal Year 2024 was $11,248. This figure represents the amount of federal income taxes Hardees expects to pay for the fiscal year. It's important to note that this is just the federal portion of the current income tax expense and does not include state or foreign income taxes, nor does it include deferred tax expenses or the total income tax expense.
For a prospective franchisee, understanding the tax obligations of the parent company can provide insight into the financial health and tax planning strategies of Hardees. While franchisees are responsible for their own business's tax obligations, the financial stability of the franchisor can impact the brand's overall success and support system.
It is also important to note that the income tax expense can be affected by various factors, such as changes in tax laws, business operations, and accounting methods. Therefore, it is advisable for potential franchisees to consult with a financial advisor to fully understand the tax implications of investing in a Hardees franchise.