What was the total minimum rent revenue for Hardees in fiscal year 2024?

According to Hardees's 2025 Franchise Disclosure Document, the minimum rent revenue for fiscal year 2024 was $90,450. Hardees also collected $6,700 in variable lease payments, bringing the total rent revenue to $97,150. During this period, Hardees incurred operating lease costs of $92,340 and variable lease costs of $1,854, resulting in total operating lease costs of $94,194. After deducting these expenses, Hardees's net rent income was $2,956 for fiscal year 2024.

These figures provide insight into Hardees's real estate operations and its ability to generate income from leasing or subleasing properties. For a prospective franchisee, understanding these revenue and expense components is crucial. It shows how Hardees manages its property portfolio and the potential profitability derived from its real estate holdings.

The financial data also highlights the difference between minimum rent revenue, which is a fixed amount, and variable lease payments, which can fluctuate. This distinction is important for assessing the stability and predictability of Hardees's rental income. The net rent income figure is a key indicator of the overall financial performance of Hardees's leasing activities, reflecting the balance between revenue generation and associated expenses.

Reviewing these financial statements helps potential Hardees franchisees understand the financial dynamics of Hardees's leasing operations and how they contribute to the company's overall financial health. Franchisees may want to further investigate the specific factors that influence variable lease payments and operating lease costs to gain a more comprehensive understanding of the company's financial performance.