29 Aug, 2017

Hooters Franchise

Hooters Franchise has been in operation for over twenty years now and it has not changed its initial concept. From the design to the ambience, very little has changed. This is to keep in tandem with the original Hooters Franchise concept. Hooters Franchise opened its doors in 1983 and have currently franchised over 400 units in the business and around the globe. The company has added master card and airline to its big investment portfolio. The Hooters Franchise club is famous for its girls who work as waiters; they have increased the number of patrons to hooter significantly. The theme of Hooters Franchise features an oldies kind of ambience with food and beer and sports on the big screens at all of its locations. The franchisor is giving you an opportunity town your very own Hooters Franchise business.

Hooters Franchise is just the right business for you if you have an interest in serving the hospitality industry. The company was ranked fourth in top 400 restaurant chains in the country. You will be playing a part in helping society if you join the Hooters Franchise team through the Hooters Franchise community development fund that has donated over 8 million dollars to community development projects. As a Hooters Franchise Franchisee, you will be expected to incorporate community development projects to your schedule apart from the restaurant business.

Hooters Franchise is giving you an opportunity to invest in its success story. However, the local market in the USA is saturated and Hooters Franchise dies not allow current franchisee to sub franchise. You can select any of the available international countries to invest in including Canada. When you select an international franchise, you will be required to acquire your own territory. Each territory owner is required to develop a minimum of three and a maximum of five people in order to run. The location of the restaurant should be such that it serves a between 100,000 and 150,000 people on a five mile radius. You also need to have liquid assets of up to $5,000,000 dollars plus country business knowledge of up to five years. The initial investment for a unit Hooters Franchise is about $800,000 and $1,500,000. The initial investment costs increase as more restaurants are added onto the chain. The franchisee also pays franchisee fees of $75,000 and an option fee of $15,000 for every additional restaurant. Hooters Franchise does not provide financing through in house or third party financiers, you can get finances for your hooter franchise by visiting your local bank or applying for an SBA loan.

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