What was the total rent revenue for Hardees in fiscal year 2023?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
ligate us to pay costs of maintenance, insurance and property taxes.
Company as Lessor
We lease and sublease land and buildings to others, primarily as a result of the refranchising of certain restaurants. Many of these leases
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 2023 was $98,104. This figure is comprised of two components: minimum rent revenue, which amounted to $91,482, and variable lease revenue, which totaled $6,622.
Understanding the breakdown of rent revenue can be valuable for prospective Hardees franchisees. Minimum rent revenue likely represents a fixed base amount that Hardees collects, providing a predictable income stream. Variable lease revenue, on the other hand, may fluctuate based on factors such as the franchisee's sales performance or other operational metrics. This variable component introduces an element of uncertainty but also offers the potential for increased revenue if the franchisee performs well.
It's important to note that these figures represent Hardees's revenue from rent, not the rent expenses that franchisees pay. Franchisees should carefully review their lease agreements and understand how their rent obligations are structured, including both fixed and variable components. This information is crucial for assessing the overall profitability and financial viability of a Hardees franchise.