Hardee's
#12

Initial Investment

LOW: $1,318,000
HIGH: $1,814,000

Change in Units

+4.4% +91 UNITS (1 Year)
+6.0% +126 UNITS (3 Years)

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Company Profile

Founded

1961

Franchising Since

1962 (54 Years)

Corporate Address

100 N. Broadway, #1200 St. Louis, MO 63102

CEO

Andrew Puzder

Parent Company

CKE Restaurants Holdings Inc.

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.

Financials

Financial Requirements

Initial Investment

$1,318,000 - $1,814,000

Net-worth Requirement

$1,000,000

Liquid Cash Requirement

$300,000

Ongoing Fees

Initial Franchise Fee

$25,000 - $35,000

Ongoing Royalty Fee

4%

Ad Royalty Fee

to 7%

Financing Options

Hardee's has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


50% off franchise fee

Franchise 500® Rank History

Highest Rank: 11

Lowest Rank: 62

  • 2006 - 60
* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new units internationally.

Operations & Franchisor Support

Additional Training: 8 weeks management training & at grand opening

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: July 18th, 2016

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