
Hooters
Casual restaurants- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$957K - $4.3M
- Units as of 2019
-
412 1.2% over 3 years
Company Overview
About Hooters
- Industry
- Food
- Related Categories
- Sports Bars/Pubs, Miscellaneous Full-Service Restaurants
- Founded
- 1983
- Parent Company
- Hooters of America LLC
- Leadership
- Terry Marks, CEO
Franchising Overview
- Franchising Since
- 1986 (36 years)
- # of employees at HQ
- 250
- # of Units
- 412 (as of 2019)
Franchisor Information
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
- Initial Investment
- $956,500 - $4,275,000
- Net Worth Requirement
- $2,500,000 - $3,000,000
- Cash Requirement
- $1,500,000
- Royalty Fee
- 5%
- Ad Royalty Fee
- 2.5%
- Term of Agreement
- 20 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
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
- 942 hours
- Classroom Training
- 64.5 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningSecurity & Safety ProceduresField Operations
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaSocial MediaSEOLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Work with our free FranCoach and get what you need to start a Hooters franchise.
Franchise 500 Ranking History
Compare where Hooters landed on this year’s Franchise 500 Ranking versus previous years.
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