Hardee's - SLA
Source filing: WI · filed 2026-05-27
Item 5 — Initial franchise fee
$25,000 [p.28 · WI · 2026-05-27]
Item 6 — Recurring fees (royalty & advertising)
| Royalty | For newly-developed Franchised Restaurants, 3.5% of Gross Sales for the first 5 years and 4% of Gross Sales for the balance of the initial term. For all other Franchised Restaurants, 4% of Gross Sales. (2) (3) [p.29 · WI · 2026-05-27] |
|---|---|
| Hardee’s Advertising (2) | An advertising and promotional obligation (“APO”) in an amount set forth in your Franchise Agreement. Your APO will be up to 7% of Hardee’s Gross Sales. Currently, your APO is 5.5% of Hardee’s Gross Sales. (4) [p.31 · WI · 2026-05-27] |
| Hardee’s National Advertising Fund (“HNAF”) | Currently, 4.25% of Hardee’s Gross Sales. Effective June 30, 2026, HNAF will be 4.50% of Gross Sales. [p.31 · WI · 2026-05-27] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$1,385,000 [p.39 · WI · 2026-05-27] – $2,637,395 [p.39 · WI · 2026-05-27]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 1,369 [p.77 · WI · 2026-05-27] |
|---|---|
| Franchised outlets at end of year | 1,287 [p.77 · WI · 2026-05-27] |
| Net change in franchised outlets | -82 [p.77 · WI · 2026-05-27] |
| Transfers | Not disclosed |
| Terminations | 12 [p.84 · WI · 2026-05-27] |
| Non-renewals | 3 [p.84 · WI · 2026-05-27] |
| Ceased operations (other) | 72 [p.84 · WI · 2026-05-27] |
| Company-owned outlets at end of year | 198 [p.77 · WI · 2026-05-27] |
Item 19 — Financial performance representation
Headline cohort
Franchised Hardee's Freestanding Restaurants FY26 · January 28, 2025 to January 26, 2026 (53 weeks)
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 975 [p.75 · WI · 2026-05-27] | $1,347,436 [p.75 · WI · 2026-05-27] | $1,294,442 [p.75 · WI · 2026-05-27] | $3,599,953 [p.75 · WI · 2026-05-27] | $413,015 [p.75 · WI · 2026-05-27] |
All disclosed cohorts (2)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| Franchised Hardee's Freestanding Restaurants FY26 January 28, 2025 to January 26, 2026 (53 weeks) |
975 [p.75 · WI · 2026-05-27] | $1,347,436 [p.75 · WI · 2026-05-27] | $1,294,442 [p.75 · WI · 2026-05-27] | $3,599,953 [p.75 · WI · 2026-05-27] | $413,015 [p.75 · WI · 2026-05-27] |
| Company-Owned Hardee's Freestanding Restaurants FY26 January 28, 2025 to January 26, 2026 (53 weeks) |
194 [p.75 · WI · 2026-05-27] | $1,370,338 [p.75 · WI · 2026-05-27] | $1,299,224 [p.75 · WI · 2026-05-27] | $2,393,653 [p.76 · WI · 2026-05-27] | $704,317 [p.76 · WI · 2026-05-27] |
“Some restaurants have earned these amounts. Your individual results may differ. There is no assurance that you will earn as much.” [p.76 · WI · 2026-05-27]