What was the total revenue from franchised Hardees restaurants and other sources for the fiscal year 2023?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Jan | uary 31, 2024 | Jan | uary 31, 2023 | |
|---|---|---|---|---|
| ASSETS | . ' | _ | ||
| Current assets: | ||||
| Cash and cash equivalents | . $ | 130,566 | $ | 107,853 |
| Cash and cash equivalents - restricted | 15,942 | 16,053 | ||
| Accounts receivable, net | 38,438 | 37,541 | ||
| Inventories | 3,029 | 2,999 | ||
| Prepaid expenses | 13,562 | 6,183 | ||
| Other current assets | 80 | 83 | ||
| Total current assets | 201,617 | " | 170,712 | |
| Property and equipment, net | 377,436 | 371,572 | ||
| Operating lease assets | 424,719 | 448,064 | ||
| Goodwill | 539,421 | 540,083 | ||
| Intangible assets, net | 777,538 | 793,030 | ||
| Other assets, net | 40,485 | 29,806 | ||
| Total assets | . $ | 2,361,216 | $ | 2,353,267 |
| LIABILITIES AND EQUITY | ||||
| Current liabilities: | ||||
| Current portion of long-term debt | . $ | 11,800 | $ | 13,700 |
| Current portion of finance leases | 1,515 | 1,268 | ||
| Current portion of operating leases | 79,623 | 85,529 | ||
| Accounts payable | 23,855 | 28,159 | ||
| Other current liabilities. | 71,641 | 66,753 | ||
| Total current liabilities | 188,434 | 195,409 | ||
| Long-term debt, less current portion | 1,108,022 | 1,116,405 | ||
| Finance leases, less current portion | 23,370 | 14,428 | ||
| Operating leases, less current portion | 366,233 | 381,495 | ||
| Deferred in |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total revenue from franchised restaurants and other sources for the fiscal year 2023 was $302,674. This figure represents the income Hardees received from its franchised locations and other related activities during that period.
This revenue stream is crucial for Hardees as it reflects the performance and contributions of its franchise network. It's important to note that this number does not represent the total sales of all Hardees franchises, but rather the revenue remitted to the company through royalties, fees, and other channels.
A prospective franchisee should consider this figure in the context of Hardees's overall financial health and the trends in franchised restaurant revenue over time. A consistent or growing revenue stream from franchised restaurants can indicate a healthy and well-supported franchise system. Conversely, a decline in this revenue could signal challenges within the franchise network that need to be addressed.