Industry News | July 17, 2012
Hardee's Serves Up Opportunities in Minneapolis
CKE Restaurants, parent company of the Carl's Jr. and Hardee's brands, announced its intent to develop new Hardee's restaurants throughout the Minneapolis Minnesota, area. The company is seeking to expand its Minneapolis footprint over the next several years and sees the potential to develop more than 59 new restaurants in the market.
Currently, Hardee's operates 21 locations in the Minneapolis area.
Actively seeking new franchisees, Hardee's will host an executive roundtable on July 31 in Minneapolis from noon-2 p.m. to share information about the benefits of owning a Hardee's restaurant and specific opportunities in the market.
"Hardee's is ranked among the highest-quality and best-tasting brands in the burger segment and is recognized for our consistent track record of sales growth and solid unit economics," says Jim Sullivan, CKE's senior vice president of domestic franchise development. "We are excited to expand in the Mineeapolis area, and we're now looking for experience multi-unit operators to joing the brand."
Qualified candidates should possess a mininum net worth of $1 million and a minimum liquidity of $300,000. Franchisees can expect an initial investment of $1.1 million, including the franchise fee.
"Our commitment at Hardee's to serve premium-quality, great-tasting food is rivaled only by our commitment to the success of our franchisees," Sullivan says.
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