Hardee's
Food & Beverage · Quick-Service Restaurants
About Hardee's
Hardee's Pakistan is a renowned brand that specializes in creating delicious and satisfying fast food options. With a menu that includes a variety of mouth-watering dishes, they are known for their golden chicken bites, grilled chicken sandwiches, and unforgettable Angus Thickburger. Starting back in the 1960s, Hardee's made a name for itself with charbroiled hamburgers, fast service, and the convenience of a drive-thru window. Since then, the brand has gained immediate popularity and rapidly expanded, with nearly 200 restaurants by the end of the decade, including international locations. In Pakistan, Hardee's has been serving its delectable offerings since 2009 when they opened their first outlet on M.M.Alam road in Lahore. Since then, they have grown year after year and now have over 25 restaurants in cities like Karachi, Lahore, Islamabad, Peshawar, Gujranwala, and more. With over 3700 restaurants in 40 countries worldwide, Hardee's continues to be a favorite destination for food lovers. Visit their outlets to indulge in their enticing menu and experience the irresistible flavors that have made them a cherished brand globally.
Key terms
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2023, 2024, 2025, 2026.
Growth
- Total locations1287
Franchised units open at year-end
- New openings7
Gross new units opened during the calendar year
- 1-year unit growth rate-6.0%
Net unit growth versus prior year
- 3-year unit CAGR-3.9%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.1×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$2.0M
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate4.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.