
Hooters
Sports bars and restaurants- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$1.3M - $4.1M
- Units as of 2023
-
367 3% over 3 years
Company Overview
About Hooters
Industry | Food |
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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 (37 years) |
---|---|
# of employees at HQ | 180 |
Where seeking |
This company is offering new franchisees throughout the US. This company is offering new franchisees 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
|
$75,000 |
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Initial Investment
|
$1,258,300 - $4,100,000 |
Net Worth Requirement
|
$1,500,000 - $2,000,000 |
Cash Requirement
|
$650,000 - $1,000,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
5% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
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 |
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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 |
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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?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Hooters landed on this year's Franchise 500 Ranking versus previous years.
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