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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$957K - $4.3M
Units as of 2019
412 -1.2% 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
Founded
1983
Parent Company
Hooters of America LLC
Leadership
Terry Marks, CEO

Franchising Overview

Franchising Since
1986 (35 years)
# of employees at HQ
250
# of Units
412 (as of 2019)

Franchisor Information

Corporate Address
1815 The Exchange
Atlanta, GA 30339

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-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Field Operations
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?
No
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.

Additional Rankings

Curious to know where Hooters ranked on other franchise lists? Find out below.

Ranked #187

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021