Hardee’s Sells 23 Restaurants In Ohio, Indiana To Franchisee

Bizjournals.com:

The parent of the Hardee’s dining chain sold 23 restaurants in Ohio and Indiana to a franchisee that says it will build more of the fast-food outlets in the states over the next several years.

Carpinteria, Calif.-based CKE Restaurants Inc. sold the 23 restaurants to Midwest First Star Inc., a franchisee new to the chain.

One of the company’s principals, Carri Simon, has been a Hardee’s restaurant operator for nearly a decade.

Through the deal, financial terms of which weren’t disclosed, Midwest First Star pledged to build at least seven Hardee’s restaurants in neighboring states over the next several years.

A CKE Restaurants spokesman wasn’t immediately available Tuesday to comment further on the transaction.

Ohio is home to 20 Hardee’s restaurants, four of which are in and around Central Ohio, and Indiana has 73 of them.