Hardee’s(R) Sells 30 Restaurants In Kansas City Market As Part Of Ongoing Strategic Refranchising

Franchising.com:

CKE Restaurants, Inc. announced today the sale of 30 restaurants as part of its ongoing strategic refranchising program that was originally announced in April, 2007. The initiative is expected to involve approximately 200 Hardee’s restaurant locations in a number of markets across the Midwest and Southeast. To date, the Company has sold 136 restaurants to franchisees and secured commitments for 59 new franchise restaurants under development agreements for those markets.

The Company most recently completed the sale of 30 restaurants in the Kansas City market, including Topeka, KS and St. Joseph, MO, to Rising Stars, LLC. The franchisees purchasing the restaurants, Steve Rosenfield and Buddy Brown, currently operate Hardee’s restaurants in Georgia, Montana and Wyoming, as well as Carl’s Jr. restaurant locations in Colorado. With the purchase of these additional restaurants, Rosenfield and Brown now own more than 100 restaurants under the Hardee’s and Carl’s Jr. flag. Rising Stars has also committed to build 15 new Hardee’s restaurant locations in the Kansas City market.