Hooters
Baskersfield, CA

Hooters, 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 Hooters name is a double entendre referring to both its owl logo, a bird known for its “hooting” calls, and an American slang term for human breasts popularized by comedian Steve Martin on the hit comedy series Saturday Night Live.Hooters also had an airline, Hooters Air, with scantily clad female flight attendants.
The waiting staff at Hooters restaurants are primarily attractive young women, usually referred to simply as “Hooter Girls”, whose revealing outfits and sex appeal are played up and are a primary component of the company’s image. This characteristic has led to Hooters being described as the first and leading breastaurant. The company employs men and women as cooks, hosts (at some franchises), busboys, and managers.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.
In January 2011 Chanticleer Holdings LLC of Charlotte, North Carolina and others completed the purchase of Hooters of America Inc. from the Brooks family.
In 2015 Hooters announced that it is planning to open more than 30 restaurants in Southeast Asia over the next six years.
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.
We are totally free
But, to keep our information exclusive, we require everyone to sign up.
LOGIN
- Real Estate Profile
- Company Profile
- Stock Charts
- News
Typical Lease Characteristics
Lease Term: 10 – 15 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 6% – 7% Year Options
Lease Guarantor: Corporate and Franchise
Positives:
- Nationwide presence with high brand recognition
- Typically Long term leases with increases
- Went through major redesign in 2013
Negatives:
- Currently Not Rated. Privately Owned
- Susceptible to economic trends and pressures
- Competitive Industry Sector
Market Snapshots:
On Market Ranges:
# of Properties in set: 5
Price: $2,354,490 - $3,148,770Average: $2,836,729
PPSF: $470 - $570Average: $534
Year Built: 2001 - 2018Average: 2009
CAP Rate Range: 6.00% - 7.50%Average: 6.82%
Size range: 4,285 sq ft - 6,500 sq ft Average: 5,333 sq ft
Last 12 Month Range:
# of Properties in set: 8
Price: $2,441,100 - $3,150,720Average: $2,838,491
PPSF: $553 - $636Average: $588
Year Built: 1978 - 2018Average: 1999
CAP Rate Range: 5.38% - 6.48%Average: 6.11%
Size range: 3,910 sq ft - 6,400 sq ft Average: 5,046 sq ft
Hooters Company Profile
Headquarters Information
Atlanta, Georgia
Founded in 1983
Company type: Private
Sector: Services
Industry: Food Service