Hardee's (NT)
Hardee’s Restaurants LLC franchises quick-service restaurants operating under the Hardee’s brand at Travel Center Locations serving the trucking industry or Gas and Convenience Locations focused on non-commercial fuel and convenience items. These restaurants offer a limited menu of breakfast, lunch, and dinner products, featuring charbroiled 100% Black Angus Thickburger sandwiches, Hand-Breaded Chicken Tenders, Made from Scratch Biscuits, and other quick-serve items. The business model involves franchisees paying initial fees, royalties, and adhering to brand standards to target highway travelers, truckers, and convenience store customers.
Franchise Costs
Financial Performance
Item 19 Financial Performance
Data Based On: 129 Hardee's Travel Center and Gas and Convenience Center Restaurants (128 franchised, 1 company-operated) operated during the entire 53 week time period of January 30, 2024 to January 27, 2025 (FY25 Period).
* Calculated average gross revenue for franchised units by subtracting the company-owned unit's revenue from the total revenue of the combined 129 units (128 franchised + 1 company-owned). Total revenue from combined sample = 129 units * $1,471,142 = $189,777,318. Company-owned unit revenue = $1,425,139. Franchised units total revenue = $189,777,318 - $1,425,139 = $188,352,179. Average franchised revenue = $188,352,179 / 128 = $1,471,501.40 (rounded to $1,471,501). The median gross revenue provided in the table ($1,437,792) is for the combined sample of 129 units (128 franchised and 1 company-owned), as detailed data to isolate the franchised median is not available.
Extracted Item 19 Section
How Hardee's (NT) Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Hardee's (NT) Current | N/A | N/A | N/A | 1,369 |
| MCDONALD'S | $1.5M – $2.6M | $45K | N/A | 12,772 |
| AFC | $45K – $151K | $6K | 9.5% | 3,572 |
| SONIC DRIVE-IN | $1.7M – $3.1M | $15K | 5.0% | 3,441 |
| JIMMY JOHN'S | $366K – $728K | $35K | 6.0% | 2,647 |
| ARBY'S | $645K – $2.5M | $38K | 4.0% | 2,316 |
Fast Food Average 126 franchises | $594K – $1.5M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 Fast Food franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
+16 more states
SBA Loan History
Historical SBA 7(a) loan data for Hardee's (NT) franchisees (2010 – 2013)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
1,369 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
1,369 Contacts Available
Unlock all Hardee's (NT) franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Primarily termination disputes and breach of contract/sublease matters involving franchisees.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
According to the 2025 FDD, the average gross revenue for a Hardee's (NT) franchise is $1,471,501. The median revenue is $1,437,792.
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