What was the total operating lease cost for Hardees in fiscal year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
ed as lease receivables and are included in accounts receivable, net and other assets, net in our accompanying Consolidated Balance Sheets. As of January 31, 2024, future minimum lease and sublease rent revenue expected to be received, are as follows:
| Finance Leases | Operating Leases | ||||||
|---|---|---|---|---|---|---|---|
| Subleases | Subleases | Owned Properties | |||||
| Fiscal: |
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 fiscal year 2024 was $94,194. This figure includes both the operating lease cost of $92,340 and the variable lease cost of $1,854.
Operating lease costs are the expenses Hardees incurs for using property or equipment under lease agreements that are not classified as finance leases. These costs can include rent for restaurant locations. Variable lease costs are those that fluctuate based on usage or other factors.
For a prospective Hardees franchisee, understanding these lease costs is crucial. It provides insight into the financial obligations Hardees has for its locations and equipment. While this information reflects Hardees's expenses, franchisees should focus on the specific lease terms they negotiate for their individual locations, as these can vary significantly.
It's important to note that these figures represent Hardees's overall operating lease costs and may not directly translate to the costs a franchisee will incur. Franchisees should carefully review their own lease agreements and consult with financial advisors to understand their specific financial obligations.