Franchises · 2026 FDD · Wisconsin DFI filing 641519
Hooters franchise cost, unit revenue and closures
Opening a Hooters cost $2,743,300 to $4,697,000 in the 2026 FDD; the franchisor gives no unit revenue figure; 20.6% of franchised units closed over three years.
Franchisor: HOA Future Franchising, LLC. FDD issued 2026-04-30. Fiscal year end 2025-12-28. Figures re-found on the cited page 2026-11-04.
What a unit costs to open
new construction, excluding land purchase; a conversion totals $1,253,300 to $3,022,000.
What a unit pays the franchisor
| Initial franchise fee | $50,000 | Item 5, p. 10 |
|---|---|---|
| Royalty | Continuing Royalty Fee 6% of Gross Sales, per 4-week period | Item 6, p. 11 |
| Advertising fund | National Ad Fund Fee currently 2.0% of Gross Sales, up to 4.0% | Item 6, p. 11 |
per Restaurant; a Development Fee of 100% for the first and 50% for each additional restaurant is credited against it.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
No Item 19. Hooters's 2026 FDD makes no financial performance representation (Item 19, p. 62, 63). The revenue-to-investment ratio is undefined for this brand.
Revenue to investment
Undefined: no Item 19 representation.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 102 | 97 | 92 |
| Opened | 1 | 0 | 58 |
| Terminated | 4 | 4 | 0 |
| Not renewed | 2 | 1 | 0 |
| Reacquired by franchisor | 0 | 0 | 22 |
| Ceased, other reasons | 0 | 0 | 10 |
| End of year | 97 | 92 | 118 |
| Company-owned, end of year | 195 | 153 | 76 |
Item 20, Table 1 p. 63; Table 3 totals p. 64.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
all three rows sum; the 58 outlets opened in 2025 are largely refranchised company restaurants.
Source and method
Every figure above comes from the Hooters Franchise Disclosure Document issued 2026-04-30, as filed with the Wisconsin Department of Financial Institutions (filing 641519, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
The franchisor is the successor entity after the 2025 restructuring. Item 20 shows 58 franchised openings and 22 reacquisitions in 2025 as company restaurants were refranchised and closed (company-owned fell from 153 to 76)..
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.