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Hardee's Ranked among the Top 3 Burger
Franchises in 2008 by Entrepreneur magazine, Hardee's® has
built a reputation as one of America's premier burger brands. Established in
1961 by Wilbur Hardee, today there are more than 1,900 Hardee’s® in
the Midwestern/Eastern United States and in international markets. Hardee’s®
is a wholly-owned subsidiary of CKE Restaurants, Inc. (NYSE: CKR), the operator
of more than 3,120 Carl’s Jr.® and Hardee’s® restaurants
in 42 states and 17 countries. CKE’s innovative menu strategy
is focused on developing premium, sit-down restaurant quality menu items that
offer the convenience and value of fast food. With significant
enhancements to the customer experience such as partial table service, CKE
provides a quick-service experience – Six Dollar Service® – that
consistently matches the menu quality. The Hardee’s® menu
is designed to give fast-food customers what they want: bigger, better burgers.
The brand features a line of 1/4-, 1/3-, 1/2- and 2/3-pound 100% Black Angus Beef
Thickburgers® that are complemented by a line of premium
Hand-Scooped Ice Cream Shakes & MaltsTM. Hardee’s®
is a popular breakfast destination with a breakfast menu anchored by a line of
premium Made from ScratchTM Biscuits. Hardee’s®
restaurants can be dual-branded with Red Burrito®, adding a
Mexican-style menu to broaden appeal and increase transactions. Investment Required The fee for a Hardee’s®
franchise is $35,000 with a reduction for additional units. The fee for a
Hardee’s®/Red Burrito® franchise is $47,500, with a
reduction for additional units. Hardee’s® requires
franchisees to have a minimum net worth of $1 million and liquid assets of
$300,000 per unit developed, with a 3-store minimum commitment preferred. Ongoing Expenses Hardee’s®
franchisees pay royalty fees equal to 4% of gross sales and required
advertising and promotional expenses equal to a minimum of 5% of gross
sales. The required advertising spending includes an advertising fund
contribution equal to 0.8% of gross sales (subject to a minimum of $475 and a
maximum of $850 per restaurant) regional co-op fees and local store marketing.
Dual concept franchisees also pay applicable production fund and advertising
fees based on Red Burrito® gross sales. What You Get—Training and
Support Hardee’s® is
focused on providing franchisees with the development tools they need to
grow. Each franchisee is paired with an experienced, knowledgeable
Franchise Business Consultant (FBC) who provides customized support throughout
the franchise relationship. Hardee’s® assists
its franchisees with site selection, restaurant design, equipment ordering,
construction and training. Hardee’s® is focused on providing
its franchisees with exceptional building assistance, offering a new prototype
that is available in three flexible sizes and designed to engineer costs. After
the restaurant is opened, Hardee’s® continues to support franchisees
with a team of field support professionals, operations support and research and
development of new products. Franchisees also benefit from
Hardee’s® unique and innovative marketing efforts, which extend to
local support for promotions and advertising. With edgy, irreverent
advertising, Hardee’s® is a strong and recognizable brand that
appeals to its prime target market: young, hungry guys who crave big, juicy
burgers. Territory Hardee’s® grants
exclusive franchise development territories. |