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CKE Restaurants – Winning hearts with burgers and burrito
Reigning the restaurant industry across 44 states in the U.S. territory and 40 countries internationally, CKE Restaurants, Inc. is the Carl Karcher Enterprises Inc. that leads the chain of quick – service restaurants. It nestles several brands under it: Carl’s Jr., Hardee’s, Green Burrito and Red Burrito. It has its headquarters in Carpinteria, California.
What you get there?
The menu will definitely make your mouth water and choosing becomes a little difficult since the menu will make you want to order almost everything. The menu begins with a breakfast section that has freshly baked biscuits, sandwiches, burrito, along with choices of eggs, bacons, steaks and more. It then moves to the burgers section which is its main attraction and the list is long – right from double cheese to famous star and super star burgers, you have it all. You can then add from a vast choice of burrito and tacos to add to the burger and a list of beverages to wash it down. Once you done with the main course, you have Chocolate chip cookies and cheesecakes to finish off with.
Where can you find them
40 years and 3729 branches later, it is one of the best in the restaurant industry! They have two different brands operating under CKE, each of which have company owned outlets as well as franchises. Carl’s Jr. has 441 company – owned units and over 530 franchises while Hardee’s have 751 company – owned as well as more than 1700 franchise – owned.
Where it all began
Hot dogs and chili dogs for a dime and a nickel for soda to wash it down – and that was the start. It took $15 of savings and $ 311 of borrowing and the hot dog-cart was theirs. That is how Carl and his wife Margaret started this huge chain of restaurants.
Incorporated in the year 1966, Carl Jr. then acquired Hardee’s in the year 1977. 2010 saw CKE restaurants turning into a private company from the publicly traded company it was and getting acquired by Columbia Lake Acquisition Holdings, Inc. (the Columbia Lake Acquisition Holdings, Inc. affiliate.)
What about the financial aspect
Originally, CKE Restaurants, made it to on NASDAQ in 1981, in which the offer price was at $12.54. In the year 1994, the company got re-listed in NYSE and traded under the symbol ‘CKR’. Nevertheless, in July 12, 2010, Columbia Lake Acquisition Holdings, Inc., of the Apollo Management VII, L.P. (“Apollo”) bought out the CKE restaurant chain. It is no more a publicly traded company.
The company is valued at approximately $1.7 billion, while revenues are in line of $1.3 billion. This shows an increase of 3.6 percent, that is $46 million. As CKE restaurants focus on international growth, this step up internationally will attract investors.
Interested in Investing?
Franchising is a large aspect of the CKE restaurant chain. In an industry that provides great competition, CKE has always found new ways of out-doing expectations. Here are the requirements listed by the company for the new partners:
You need to have a minimum net worth of $1 million, and liquid assets of $300,000. The term franchising agreement will be for a duration of 20 years and you will be undergoing a 10 week training period before you commence. The unit size required for the location of the franchise is 2,500 sq. ft. – 3,037 sq. ft.
The fees are as follows:
- Franchise fee: $15,000 – $25,000 – depending on the number of restaurants being operated. A multi unit development needs to have at least 3 restaurants.
- Development fee: $10,000
- Advertising fee: Up to 7% of gross sale
- Royalty fee: 4% of gross sale
CKE investment opportunities come with the backup of a company with a long and strong track record and the promise of contemporary business cleverness.
CKE Restaurant Properties For Sale Across the United States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming