What was the total value of Hardees' land holdings as of January 31, 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the\neffectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during th
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees' 2025 Franchise Disclosure Document, the company's financial statements provide details on its assets as of January 31, 2024. The category "Property and equipment, net" was valued at $377,436. Additionally, "Operating lease assets" were valued at $424,719. These figures represent the net value of Hardees' property, equipment, and operating lease assets as of that date.
It is important to note that these values are net figures, meaning they reflect the original cost of the assets less any accumulated depreciation or amortization. The "Property and equipment, net" typically includes land, buildings, equipment, and leasehold improvements used in the operation of Hardees restaurants. The "Operating lease assets" represent the value of the right to use leased properties, such as restaurant locations, for the term of the lease.
For a prospective franchisee, understanding these asset values can provide insights into the financial health and capital structure of Hardees. While these figures do not specifically isolate the value of land holdings, they offer a comprehensive view of the company's investment in its physical assets and leased properties. A potential franchisee may want to inquire about the specific breakdown of property and equipment to better understand the composition of Hardees' assets.