Hooters – Franchise Review
Hooters is a chain of restaurants in the United States, incorporated in Clearwater, Florida on October 4, 1983. Gil DiGiannantonio, Billy Raneiri, Lynn Stewart, Dennis Johnson, Ed Droste and Ken Wimmer are the founders of Hooters. Although all six entrepreneurs implemented their ideas, they actually believed that the ideas would not work and that the business could fail. Now Hooters is not a one-restaurant entity, but a chain of restaurants with more than 425 franchises. After taking over most of Hooters’ restaurants, Brooks became the president of Hooters Inc in 2002. Later, in 2006, after his passing, his son and daughter took office.
Everyday Joe is happy to hit Hooters as he is cared for and served by attractive women in tank tops and runner shorts; called Hooters Girls. Hooters tees, long pants and caps are the allure of the male crew. Hooters franchise employees total 25,000 and of those 17,000 are Hooters Girls.
Hooters Hotel and Casinos started in February 2006. This place is frequented by many US celebrities, movie stars, sports personalities, businessmen and politicians in big wigs, as well as the general public.
The Hooters menu includes sandwiches, salads, and varieties of spicy chicken, wine, whiskey, beer, and other alcoholic beverages. In addition to food, other events in the Hooters franchises include music, sports and television entertainment, swimwear contests, beach themes, spas, and the launch of the annual calendar.
In addition to business, Hooters Inc shows its responsibility to its franchisees and helps franchise owners with the Hooters Community Endowment Fund. The Hooters Community provides funding to many national and international charities. USO, Jimmy V Foundation for Cancer Research, Operation Homefront, American Diabetes Association, and Special Olympics are some of the organizations that were funded by Hooters Inc.
In the process of expanding its franchises, Hooters Inc currently has openings in Alaska, USA For its international franchises, the following countries have opportunities: Russia, Slovenia, Baltic States, France (multi-territory), Italy (multi-territory). territory), Belarus, Iceland, Bolivia, Sweden, Slovenia, Denmark, Uruguay, Finland, Poland and Ukraine.
Whoever is interested in taking the franchise in any of the countries mentioned above, must meet the following requirements:
• Should be able to develop 3-5 restaurants within the area.
• $ 2 million of liquid assets
• Minimum experience of 5 years in the restaurant chain business.
• Population must be 100,000 to 150,000 within a five mile radius of the restaurant location.
• The cost of the franchise is $ 75,000 per point of sale.
• Option fee of $ 15,000 for each additional franchise within a location.
• The total investment cost varies between $ 800,000 and $ 1,500,000 for a franchise.
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