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Hardee's

2014 Franchise 500
#11
At a Glance

Products & Services: Burgers, chicken, biscuits

Number of Locations: 1,960

Total Investment: $1.1M - $1.5M

Founded: 1961

Began Franchising: 1962

About Hardee's

Wilber Hardee opened his first restaurant in Greenville, North Carolina, in 1960, and just five months later he had his first franchisee. Hardee's restaurants, which serve biscuits, burgers and chicken, have since spread throughout the Midwestern and Southeastern U.S.

In 1997, Hardee's was acquired by California-based CKE Restaurants Inc., franchisor of Carl's Jr. Restaurants.

Franchise Units

Year U.S. Canadian International Company Owned
2013 1,240 0 252 468
2012 1,227 0 236 469
2011 1,226 0 220 468
2010 1,225 0 203 473
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Midwest, Northeast, South, Southeast.
Franchisor is seeking new units in Middle East.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $1,147,900 - $1,542,200
Franchise Fee: $35,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $300,000
Operations
100% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed..
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at franchisee's location. 8 weeks management training & at grand opening
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #11 (2014), #14 (2013), #32 (2012), #12 (2011), #16 (2010),
Fastest-Growing: #91 (2010),
America's Top Global: #21 (2013), #29 (2012), #10 (2011),

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