What was the total value of Hardees' property and equipment, net, on 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 m
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees' 2025 Franchise Disclosure Document, the total value of property and equipment, net, was $377,436 as of January 31, 2024. This figure represents the net book value of all of Hardees' owned property and equipment after accounting for accumulated depreciation.
For a prospective franchisee, this number provides insight into the scale of Hardees' investment in its physical assets. It reflects the resources Hardees has dedicated to infrastructure like buildings, equipment, and land. Changes in this value from year to year could indicate Hardees' investment strategy, such as expansion, renovation, or asset disposal.
It's important to note that this figure represents Hardees' corporate assets and not the investment required by an individual franchisee to open a Hardees restaurant. A franchisee's investment would include costs for land, building, equipment, and initial inventory, as detailed in Item 7 of the FDD. This number also does not reflect the value of property and equipment held by Hardees' franchisees.