Hardee's

Hardee's

Burgers
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2021 Franchise 500 Rank
#269 Ranked #79 last year
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Initial investment
$1.5M - $2.1M
Units as of 2020
2,194 1.4% over 3 years

Company Overview

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.

About Hardee's

Industry
Food
Related Categories
Hamburgers
Founded
1960
Parent Company
CKE Restaurants Holdings Inc.
Leadership
Ned Lyerly, CEO
Ticker Symbol
CKR

Franchising Overview

Franchising Since
1962 (59 years)
# of employees at HQ
446
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Middle East

# of Units
2,194 (as of 2020)

Franchisor Information

Corporate Address
6700 Tower Cir., #1000
Franklin, TN 37067

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Hardee's franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$25,000 - $35,000
Initial Investment
$1,469,000 - $2,061,000
Net Worth Requirement
$1,000,000
Cash Requirement
$300,000
Veteran Incentives
50% off franchise fee
Royalty Fee
4%
Ad Royalty Fee
5.5%
Term of Agreement
20 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

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

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
400 hours
Classroom Training
51 hours
Additional Training
8 weeks management training & at grand opening
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Hardee's landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Hardee's ranked on other franchise lists? Find out below.

Ranked #269

Franchise 500 Ranking

Ranked #31

Top Global Franchises

Ranked #6 in Hamburgers

Top Food Franchises

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021