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Hooters Restaurant

2014 Franchise 500
#381
At a Glance

Products & Services: Casual restaurant

Number of Locations: 418

Total Investment: $906.5K - $3.4M

Founded: 1983

Began Franchising: 1986

About Hooters Restaurant

The first Hooters Restaurant opened in Clearwater, Florida, in 1983. The company, known for its Hooters Girls waitresses, began franchising in 1986. The beach-theme restaurants feature sports displayed on flat-screen TVs and a menu offering seafood, sandwiches, burgers, salads, chicken wings and alcohol.

Franchise Units

Year U.S. Canadian International Company Owned
2014 154 9 65 190
2013 188 10 57 158
2012 206 10 52 158
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Midwest, Northeast, West.
Franchisor is seeking new units in Asia, Australia/New Zealand, Canada, Eastern Europe, Middle East, Mexico, South America, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $906,500 - $3,435,000
Franchise Fee: $75,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Franchise Ranking History

Franchise 500®: #381 (2014),
America's Top Global: #171 (2014),

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