HORN/HARDART <HOR> UNIT DISPOSES 33 RESTAURANTS Horn and Hardart Co said it disposed of 33 Bojangles' Chicken 'N Biscuits restaurants in Florida as part of its previously announced retrenchment of its Bojangles' subsidiary. Terms were not disclosed. The company said the restaurants in Orlando, Tampa and Jacksonville markets have incurred the majority of Bojangles' operating losses over the last two years. Due to the transaction, Horn and Hardart is projecting a positive cash flow for the unit for the remainder of fiscal 1987. A spokesman said the disposition consists of a combination of sale, lease and re-franchise agreements. The transaction involves one-quarter of the company-owned Bojangles' restaurants and is in accordance with its restructuring program announced in October 1986. A spokesman said the company is considering the sale or spinoff of the 91-company owned additional restaurants, which are profitable. The company said the disposition will result in no profit or loss for the company because the costs were anticipated in a 34-mln-dlr reserve taken in the third quarter of 1986. The foodservice division, which includes Burger King, Arby's and Tony Roma's, had a pre-tax operating loss of 29.6 mln dlrs in 1986, including the 34.0 mln dlr charge to restructure Bojangles. Excluding Bojangles', the group had revenues of 43.8 mln dlrs. The company said that, pursuant to the restructuring, it has cut general and administrative expenses attributable to Bojangle' by 35 pct.