From Franchisor to a Competitor's Franchisee: How a Hooters Owner Bounced Back
Robert H. Brooks handed over the reins of the Hooters franchise to his son Coby in 2003. But when the elder Brooks died three years later, it set off a protracted lawsuit over his estate and the ownership of the Atlanta-based brand. In 2011, Coby Brooks was forced to sell Hooters to a private equity firm, and soon after he was let go.
A few days later, Brooks had an idea. He called Randy Dewitt, founder of Twin Peaks, the Dallas-based sports-lodge-theme restaurant chain and fast-growing competitor of Hooters. “I knew I didn’t want to quit working, and I knew the restaurant business really well,” Brooks says. “So I asked him if he would give me a shot at being a franchisee. He asked if I had a noncompete clause. I told him no.”
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