What was the total rent revenue for Hardees in fiscal year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
--------| | · | | Company- Operated | F | Franchise & Other | | | | | | | | Company- Operated | F | ranchise & Other | | Fiscal: | | | | | | | | | | | | | | | | 2026 | $ | 1,593 | $ | 1,304 | $ | 16,542 | $ | 69,475 | | | | | | | | 2027 | | 1,617 | | 1,245 | | 15,644 | | 61,728 | | | | | | | | 2028 | | 1,631 | | 1,190 | | 14,576 | | 53,511 | | | | | | | | 2029 | | 1,642 | | 1,049 | | 12,897 | | 42,803 | | | | | | | | 2030 | | 1,678 | | 977 | | 9,
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 $97,150. This figure is comprised of two components: minimum rent revenue, which amounted to $90,450, and variable lease payments, which totaled $6,700.
In addition to revenue, Hardees also incurred rent expenses during fiscal year 2024. The operating lease cost was $(92,340), and the variable lease cost was $(1,854). Consequently, the total operating lease cost for Hardees was $(94,194).
After deducting the total operating lease cost from the total rent revenue, Hardees's net rent income for fiscal year 2024 was $2,956. This net figure represents the actual income Hardees retained after accounting for its lease-related expenses.