What was the total number of Hardees franchise transfers across all states in 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
2025 | 134 | 129 | -5 | | Company- | 2023 | 12 | 4 | -8 | | Operated | | | | | | | 2024 | 4 | 0 | -4 | | | 2025 | 0 | 0 | 0 | | Total | 2023 | 179 | 164 | -15 | | Restaurants | | | | | | | 2024 | 164 | 134 | -30 | | | 2025 | 134 | 129 | -5 | *****The Restaurants included in this table are also included in the preceding table.
Table No. 2 Transfers of Restaurants from Franchisees to New Owners (Other than to HR or Its Affiliates) For Fiscal Years 2023 to 2025(1)
| State | Year | Number of Transfers |
|---|---|---|
| AL | 2023 | 0 |
| 2024 | 1 | |
| 2025 | 0 | |
| AR | 2023 | 0 |
| 2024 | 2 | |
| 2025 | 0 | |
| DE | 2023 | 0 |
| 2024 | 0 | |
| 2025 | 1 | |
| FL | 2023 | 2 |
| 2024 | 4 | |
| 2025 | 1 | |
| State | Year | Number of Transfers |
| --- | --- | --- |
| GA | 2023 | 0 |
| 2024 | 37 | |
| 2025 | 0 | |
| IL | 2023 | 0 |
| 2024 | 35 | |
| 2025 | 0 | |
| IN | 2023 | 0 |
| 2024 | 11 | |
| 2025 | 0 | |
| IA | 2023 | 0 |
| 2024 | 10 | |
| 2025 | 1 | |
| KS | 2023 | 0 |
| 2024 | 6 | |
| 2025 | 0 | |
| KY | 2023 | 0 |
| 2024 | 19 | |
| 2025 | 1 | |
| MD | 2023 | 0 |
| 2024 | 0 | |
| 2025 | 1 | |
| MI | 2023 | 0 |
| 2024 | 0 | |
| 2025 | 1 | |
| MN | 2023 | 0 |
| 2024 | 10 | |
| 2025 | 0 | |
| MO | 2023 | 0 |
| 2024 | 24 | |
| 2025 | 0 | |
| State | Year | Number of Transfers |
| --- | --- | --- |
| MT | 2023 | 0 |
| 2024 | 4 | |
| 2025 | 0 | |
| NE | 2023 | 0 |
| 2024 | 1 | |
| 2025 | 0 | |
| NC | 2023 | 3 |
| 2024 | 1 | |
| 2025 | 0 | |
| ND | 2023 | 0 |
| 2024 | 3 | |
| 2025 | 0 | |
| OH | 2023 | 0 |
| 2024 | 6 | |
| 2025 | 0 | |
| SC | 2023 | 0 |
| 2024 | 10 | |
| 2025 | 0 | |
| SD | 2023 | 0 |
| 2024 | 1 | |
| 2025 | 0 | |
| TN | 2023 | 0 |
| 2024 | 4 | |
| 2025 | 0 | |
| WI | 2023 | 0 |
| 2024 | 0 | |
| 2025 | 4 | |
| WY | 2023 | 0 |
| 2024 | 2 | |
| 2025 | 0 | |
| State | Year | Number of Transfers |
| --- | --- | --- |
| TOTAL | 2023 | 7 |
| 2024 | 191 | |
| 2025 | 10 |
**Transfers of Dual Concept Restaurants from Franchisees to New Owners (Other than to HR or Its Aff
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 71–84)
What This Means (2025 FDD)
According to Hardees' 2025 Franchise Disclosure Document, there were two separate tables that show the number of franchise transfers. One table shows a total of 191 franchise transfers in 2024 across multiple states, while the other table shows a total of 15 franchise transfers in 2024 across a different set of states. Therefore, depending on the table, the total number of Hardees franchise transfers in 2024 was either 191 or 15.
It is important to note that the FDD includes a note indicating that the numbers for 2023-2025 are as of the fiscal year end, which runs from the Tuesday subsequent to the last Monday in January through the last Monday in January of the next calendar year. This means the transfer data reflects Hardees' fiscal year, not necessarily a standard calendar year.
A prospective franchisee should clarify with Hardees which table accurately reflects the total franchise transfers across all states and understand any potential differences in the data presented in each table. Understanding the reasons behind franchise transfers can provide valuable insights into the health and stability of the Hardees franchise system.