Buffalo wings. Orange shorts. Cold Beer. Hooters® has unarguably become one of the nation’s most well-known brands in the casual dining segment of the restaurant industry. Not limited to the male demographic, the restaurant chain feeds men, women, and children of all ages. What’s not as well-known is that Hooters® has a growing presence in international markets as well here in the United States.
Chanticleer Holdings is the powerhouse behind the brand’s foreign exposure, focused on expanding the Hooters™ presence in the international markets in key territories with favorable demographics and room for growth.
The company operates Hooters® locations in South Africa, Europe and Australia, with plans to open shop in Brazil in the near future. Chanticleer most recently signed a binding letter of intent to acquire an existing Hooters® location in Nottingham, England, in a deal expected to close on or before October 31, 2013.
This acquisition will bring the total number of restaurants Chanticleer operations to seven, and as its franchise portfolio grows, so do the revenues.
For the three months ended March 31, 2013, Chanticleer grew total revenues to $1.6 million from revenue of $1.4 million for the same quarter the year prior. For the nine months ended September 30, 2102, the company grew revenue to $4.9 million as compared to $468,417 in the same period of 2011.
Chanticleer also has a minority interest in the privately held parent company of the Hooters® brand, Hooters of America (HOA), for which Chanticleer CEO Michael Pruitt sits on the board of directors. Because HOA is a private entity, buying shares in Chanticleer is the best way for the average person to invest in the Hooters brand.
For more information, visit www.ChanticleerHoldings.com
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