What was the total purchase price consideration paid by Hardees for the acquisition of restaurants from franchisees during the fiscal year ended January 31, 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Estimated Useful Life | 2025 | 2024 | |
|---|---|---|---|
| Land | Indefinite | $ 190,599 | $ 192,390 |
| Leasehold improvements | 3 - 25 years | 115,242 | 105,359 |
| Buildings and improvements | 3 - 40 years | 171,355 | 191,141 |
| Equipment, furniture and fixtures | 3-8 years | 160,079 | 140,630 |
| Finance leases | 5 - 33 years | 15,173 652,448 | 18,174 647,694 |
| Less accumulate |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, during the fiscal year ended January 31, 2024, Hardees purchased nineteen Hardee's restaurants and one Carl's Jr. restaurant from franchisees. The purchase price consideration for these acquisitions totaled $3,342.
In addition to the purchase price, Hardees also incurred expenses related to certain assets that were subject to pre-existing relations with these franchisees. When these additional assets are factored in, the aggregate consideration transferred by Hardees totaled $3,438.
It is important to note that these figures reflect the total investment made by Hardees in acquiring existing restaurants from its franchisees during the specified fiscal year. This information can be useful for prospective franchisees to understand the financial transactions and relationships between Hardees and its franchisees, as well as the company's strategy regarding acquisitions and refranchising.