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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
Information for Items 5, 6, and 7 not included in the provided FDD text excerpt. Only references to these items in development incentive programs, but no specific fee amounts, rates, or tables provided.
Franchise Stats
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 to Other Fast Food Franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
Hardee's (NT) Current | N/A | N/A | N/A | 1,369 |
| Burger King | $2.1M - $4.7M | $50K | 4.5% | 19,732 |
| 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 |
Fast Food Average 127 franchises | $605K - $1.5M | $35K | 6.1% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 127 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
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
Primarily termination disputes, breach of contract, and franchise rescission/disclosure matters.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much revenue does a Hardee's (NT) franchise make?
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.
How many Hardee's (NT) franchise locations are there?
As of the 2025 FDD, Hardee's (NT) has 1,369 franchise locations. The company has been franchising since 1961.
Can you get an SBA loan for a Hardee's (NT) franchise?
Yes, SBA loans are available for Hardee's (NT) franchises. Historical data shows 5 SBA 7(a) loans have been approved for Hardee's (NT) franchisees, with an average loan amount of $865,800. The historical default rate is 0.0%.
Is Hardee's (NT) a good franchise to buy?
Hardee's (NT) shows several positive indicators: established brand with 1,369+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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