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Hardee's sells 26 Ill. restaurants
October 30, 2007
CARPINTERIA, Calif. — CKE Restaurants Inc. has announced the sale of 26 restaurants as part of its ongoing strategic refranchising program that was announced in April 2007.
The initiative is expected to involve approximately 200 Hardee's locations in a number of markets across the Midwest and Southeast. To date, the company has sold 106 restaurants to franchisees and secured commitments for 44 new franchise restaurants under development agreements for those markets.
The 26 restaurants in Peoria and Quincy, Ill., were sold to Shree Krishna Food LLC. Shree Krishna also has committed to build six new Hardee's restaurant locationsin these markets over the next six years.
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