What was the total rent revenue for Hardees in 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
--------------|---------------------|----|--------------------|--| | | | ompany- perated | F | Franchise & Other | | ompany- Operated | | anchise & Other | | | Fiscal: | | | | | | | | | | | 2025 | $ | 1,573 | $ | 1,501 | $ | 15,730 | $ | 67,153 | | | 2026 | | 1,629 | | 1,426 | | 14,906 | | 59,669 | | | 2027 | | 1,658 | | 1,358 | | 13,995 | | 50,431 | | | 2028 | | 1,672 | | 1,302 | | 12,851 | | 42,140 | | | 2029 | | 1,684 | | 1,161 | | 11,193 | | 31,607 | | | Thereafter | | 16,147 | | 5,032 | | 49,311
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total rent revenue for fiscal year 2024 was $93,928. This figure is derived from the sum of minimum rent revenue, which was $87,594, and variable rent revenue, which amounted to $6,334 during that period.
For a prospective Hardees franchisee, understanding the rent revenue is crucial as it reflects the income Hardees receives from leasing properties, presumably to its franchisees. This revenue stream contributes to Hardees's overall financial health and stability. The FDD also lists rent expenses, which include operating lease costs of $85,267 and variable lease costs of $1,229, resulting in total operating lease costs of $86,496.
The difference between the total rent revenue and the total operating lease cost results in a net rent income of $7,432 for Hardees in fiscal year 2024. Monitoring these figures over time, as the FDD provides data for both 2023 and 2024, allows potential franchisees to assess the trend and stability of Hardees's rental income and expenses. This information is valuable in evaluating the financial performance and risk associated with investing in a Hardees franchise.