5/10

Franchimp Summary Rating

10 /10
Earnings Transparency
3 /10
Franchisee Attrition
Higher than 70% of peers
1 /10
Investment Accessibility
Higher than 94% of peers

Franchise Summary

Description
The franchised business being offered is Hardee’s. Hardee’s Restaurants are quick service restaurants offering a limited menu of breakfast, lunch and dinner products.
Company Background
Hardee's is a franchisee opportunity that can be found in the United States and Canada. It specializes in breakfast, lunch, and dinner products with charbroiled Black Angus Thickburgers for your enjoyment.
Franchise Opportunity
The franchisee will be required to operate a Hardee's Restaurant or Dual Concept Restaurant (as applicable) in accordance with the standards and specifications set forth below. Franchisees must adhere to all of the requirements, procedures, rules and regulations established by Hardee's from time to time. Failure to abide by these guidelines may result in termination of this Agreement for material default. All information concerning the operation of your restaurant is contained herein or can be obtained from any authorized representative of Hardee's. In addition, you should make yourself familiar with our menu items, marketing programs, business practices and other policies which are available at www-us.hrdcns-rfa..com/franchise/. If you have questions regarding any aspect of operating your restaurant contact us at (800) 456-2396 ext 66900 or via e-mail at franchising@hrdcnsrfa..
Corporate Structure
The franchisor is Hardee’s Restaurants LLC, a Delaware limited liability company, with its principal place of business at 6700 Tower Circle, Suite 1000, Franklin, Tennessee 37067. Its predecessor began offering franchises in 1960.
Royalties and Marketing Fees

Royalties : 3.5% - 4.0% of revenue

Earnings Transparency

10 /10
This Franchise discloses far more about the financial performance of their franchisees compared to other franchises in the same industry.

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. QSR Industry

$1,197,529 / unit

Franchise Type: Standard

Average Revenue During 2022

$1,197,529
$282,742
Industry Low
$3,261,971
Industry High
Show All Years +

Franchisee Attrition

3 /10
This franchise's rate of attrition in 2020 of 7.93% was Slightly Higher than the 7% in the QSR industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Hardee's Franchisees

Hardee's Franchise System Development in 2025

FAQ

How much investment do I need to start my own Hardee's business?
Franchisees typically require at least $1,375,000 to $2,637,395 investment to get their Hardee's business started
What are the initial franchise fees for Hardee's?
Franchisees typically need to pay at least $57,000 in fees directly to Hardee's in order to earn the right to launch their business
How much money can I make with a Hardee's franchise? What are the average revenues for a typical Hardee's business?
We estimate that the average revenue of an individual Hardee's unit is approximately $1,197,529. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Hardee's unit? What is my contractual commitment?
Hardee's franchisees are typically required to sign up to a 20 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

1 /10
The Franchisor's investment costs ranges from $1,375,000 to $2,637,395 which is Much Higher than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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