Hooters
Cherry Franchise Broker
Total investment:
$ 956,500
Franchise fee:
$ 75,000
Royalty fee:
5%
Marketing fee:
$ 0
Number of franchises
Return
Time period
Revenue:
$ 12 000*
* Calculator calculations are provisional, not guaranteed
MAIN INFORMATION
Year founded: 1983
Franchise since: 1986
Company owned units:
Franchise owned units: 225
Total number of units:
Number of employees per unit:
Contract period: 60 month
FRANCHISE ONLINE
WEBSITEHooters, Inc., is the trade name of two privately held American restaurant chains: Hooters of America, Incorporated, based in Atlanta, Georgia, and Hooters, Incorporated, based in Clearwater, Florida.
The menu includes hamburgers and other sandwiches, steaks, seafood entrees, appetizers, and the restaurant’s specialty, chicken wings. Almost all Hooters restaurants hold alcoholic beverage licenses to sell beer and wine, and where local permits allow, a full liquor bar. Hooters T-shirts, sweatshirts, and various souvenirs and curios are also sold.
As of 2016 there were more than 430 Hooters locations and franchises around the world and Hooters of America LLC. owns 160 units. There are Hooters locations in 44 US states, the US Virgin Islands, Guam, and in 28 other countries.
On-The-Job Training: 942 hours
Classroom Training: 64.5 hours
Net-worth Requirement: $2,500,000 – $3,000,000
Liquid Cash Requirement: $1,500,000 Ad Royalty Fee: 2%
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