What was the total revenue from franchised Hardees restaurants and other sources in Fiscal Year 2024?
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 2024 was $299,954.
This figure represents the income Hardees received from its franchised locations and other related activities during that fiscal year. It's important to note that this revenue stream is separate from the revenue generated by company-operated restaurants and advertising funds.
Prospective franchisees should understand that this revenue figure reflects the overall financial performance of the franchised Hardees system. Factors that could influence this revenue include market conditions, the number of operating franchises, and the effectiveness of franchise support and brand management. It is important to consider trends in revenue over multiple years to understand the stability and growth potential of this revenue stream.
Understanding the revenue from franchised restaurants is crucial for potential franchisees as it provides insight into the financial health and brand strength of Hardees. This information, combined with other financial data in the FDD, helps franchisees assess the potential return on investment and the overall viability of the franchise opportunity.