Highlights of Hooters’ Item 19 Financial Performance Representations (2012 FDD) – Part 1
- The franchisee will operate a Hooters restaurant that offers a limited menu featuring chicken wings, seafood, and burgers, together with beer, wine, and liquor, and other food and beverage offerings, and merchandise.
- The total investment necessary to begin operation of a Hooters restaurant is $911,500 to $3,100,000. This includes $88,000 to $90,000 to be paid to the franchisor or affiliate (if you do not ask for any extensions prior to opening).
- The company also offers development rights for Hooters restaurants. The fee to enter into a Development Agreement with the company is $15,000 per restaurant to be developed, and must be paid to the franchisor or affiliate. The $15,000 per restaurant development fee will be credited towards the initial franchise fee for each restaurant to be developed.
Average Unit Sales of Corporate and Franchised Hooters Restaurants
Corporate Hooters Restaurants
- For the company’s 2011 fiscal year (the 48-week period ending December 25, 2011), Hooters operated 160 Restaurants.
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The Hooters Franchise set the stage for the current trend in similar concepts including Tilted Kilt, Twin Peaks and others. The model works, can’t argue with the success.