FRANCHISE·WATCH·DESK

FATBURGER vs Hardee's

Side-by-side figures from each brand's latest FDD Item 20 as we extracted them; verdicts are our opinion under the published methodology, and the source filing and year are on each brand's profile. Green marks the more favorable metric (lower for distress), not a recommendation to buy.

FATBURGER
Weaker disclosed record
Hardee's
Proven & steady
Verdict
Units · latest run
-12.8% (2022–2024)
Net unit change
-15.3% (2022–2026)
Weak
Exit quality
Fair
Strong
Transfer / churn
Strong
Too few seasoned loans
SBA losses vs same-year loans
1.5× expected (19 of 83)
—
Distress
—
$50,000
Franchise fee
$25,000
$517K–$2.7M
Investment range
$1.4M–$2.6M
6%
Royalty
4%
Disclosed
Earnings (Item 19)
Disclosed

FATBURGER

Hardee's

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