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    Franchise opportunities compared

    Happy Joe vs Hardees Restaurants

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Happy Joe2026 FDDHardees Restaurants2026 FDD

    Initial investment · Item 7

    Happy Joe

    $322,862 – $546,643

    2026 FDD · Item 7

    Hardees Restaurants

    $198,000

    2026 FDD · Item 7 · PDF p. 39

    Initial franchise fee · Item 5

    Happy Joe

    $40,000

    2026 FDD · Item 5 · PDF p. 11

    Hardees Restaurants

    $25,000

    2026 FDD · Item 5 · PDF p. 28

    Royalty · Item 6

    Happy Joe

    6%

    2026 FDD · Item 6 · PDF p. 11

    Hardees Restaurants

    3% · i) — 3%

    2026 FDD · Item 6 · PDF p. 38

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Happy Joe discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (Happy Joe: 10, Hardees Restaurants: 2). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Happy Joe

    $322,862 – $546,643
    2026 FDD · Item 7

    Hardees Restaurants

    $198,000
    00 $250,000 As arranged As incurred Vendors, HR Total Preliminary Operating Expenses — 198000
    2026 FDD · Item 7 · PDF p. 39
    Standard initial franchise fee (Item 5)

    Happy Joe

    $40,000
    2026 FDD · Item 5 · PDF p. 11

    Hardees Restaurants

    $25,000
    2026 FDD · Item 5 · PDF p. 28
    Royalty (Item 6)

    Happy Joe

    6%
    Royalty fee
    2026 FDD · Item 6 · PDF p. 11

    Hardees Restaurants

    3% · i) — 3%
    ment and Franchised Agreement, we will reduce each of the royalty fee and APO by
    2026 FDD · Item 6 · PDF p. 38
    Brand / advertising fund (Item 6)

    Happy Joe

    2%
    Future advertising fee range if HJNFB terminated — high end — 2%
    2026 FDD · Item 6 · PDF p. 12

    Hardees Restaurants

    4.25% of “hnaf”) currently, — 4.25%
    d by the Franchise Agreement. Hardee’s National Advertising Fund
    2026 FDD · Item 6 · PDF p. 31

    System scale & health

    Total outlets (Item 20)

    Happy Joe

    32
    Outlets at end of 2025
    2025 FDD · Item 20 · PDF p. 22

    Hardees Restaurants

    198
    Outlets at end of 2026
    2025 FDD · Item 20 · PDF p. 71
    Net outlet change (Item 20)

    Happy Joe

    +32
    Calculated: 0 at end of 2022 → 32 at end of 2025

    Hardees Restaurants

    −1,314
    Calculated: 1,512 at end of 2023 → 198 at end of 2026
    Outlet exits (Item 20)

    Happy Joe

    Not available
    No complete exit records for a year

    Hardees Restaurants

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Happy Joe

    Not available
    Not in reviewed records

    Hardees Restaurants

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Happy Joe

    Not available
    Not in reviewed records

    Hardees Restaurants

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Happy Joe
    Locations counted not stated in the reviewed record — Affiliate-owned full-size HAPPY JOE’S Restaurant — Bettendorf location, kept se…
    $973,003
    other Bettendorf
    2026 FDD · Item 19 · PDF p. 41
    Locations counted not stated in the reviewed record — West 50th affiliate-owned full-size HAPPY JOE’S Restaurant; period October 1, 2…
    $477,680
    other West 50th
    2026 FDD · Item 19 · PDF p. 41
    Locations counted not stated in the reviewed record — Full-Size HAPPY JOE’S Restaurants that operated for at least the last nine mont…
    10 stores
    other Full-Size Restaurants
    2026 FDD · Item 19 · PDF p. 42
    +7 more groups in the full report
    Hardees Restaurants
    Locations counted not stated in the reviewed record — USfreestandingHardee’s
    88 restaurants
    other Company-owned
    2026 FDD · Item 19 · PDF p. 75
    Locations counted not stated in the reviewed record — USfreestandingHardee’s
    50.1 percent
    other Franchised
    2026 FDD · Item 19 · PDF p. 75

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Happy Joe vs Hardees Restaurants: common questions

    Which costs less to open, Happy Joe or Hardees Restaurants?
    Happy Joe: $322,862 – $546,643 (2026 FDD · Item 7); Hardees Restaurants: $198,000 (2026 FDD · Item 7 · PDF p. 39). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Hardees Restaurants. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Happy Joe and Hardees Restaurants royalties compare?
    Happy Joe: 6% (2026 FDD · Item 6 · PDF p. 11); Hardees Restaurants: 3% · i) — 3% (2026 FDD · Item 6 · PDF p. 38). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Happy Joe or Hardees Restaurants?
    Happy Joe: 32 (2025 FDD · Item 20 · PDF p. 22); Hardees Restaurants: 198 (2025 FDD · Item 20 · PDF p. 71). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Happy Joe and Hardees Restaurants disclose financial performance (Item 19)?
    Happy Joe has reviewed Item 19 figures for 10 location groups; Hardees Restaurants has reviewed Item 19 figures for 2 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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    Full Happy Joe report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Hardees Restaurants report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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