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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$1.3M - $4.1M
Units as of 2023
367 Decrease 3% over 3 years

Company Overview

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.

About Hooters

Industry Food
Related Categories Sports Bars/Pubs, Miscellaneous Full-Service Restaurants
Founded 1983
Parent Company Hooters of America LLC
Leadership Michael Arrowsmith marrowsmith@hoabrands.com, Chief Development Officer
Corporate Address 1815 The Exchange
Atlanta, GA 30339
Social Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since 1986 (38 years)
# of employees at HQ 180
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 367 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Hooters franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$75,000
Initial Investment Information Circle
$1,258,300 - $4,100,000
Net Worth Requirement Information Circle
$1,500,000 - $2,000,000
Cash Requirement Information Circle
$650,000 - $1,000,000
Veteran Incentives Information Circle
10% off franchise fee
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Hooters has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 582-635 hours
Classroom Training 165 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Social Media
SEO
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Hooters landed on this year's Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022