[PKDAD1]

HMC Hospitality Group, which owns the new Hooters coming to The Villages, is a separate entity from Hooters of America that is filing for bankruptcy. HMC is made up of the the original founders of the brand.

[USOTR]

Restaurant pricing is a delicate balance between profitability and customer traffic.

Hooters, like other establishments, benefits from customer willingness to pay a premium for its unique atmosphere. However, exceeding a certain price point can deter middle-income diners.

I'm hopeful the upcoming Hooters in The Villages will maintain accessible pricing

[SuperJ]

Good time to buy the stock. Buy the dip sell the rip lol

[defrey12]

Originally Posted by spinner1001

Like the US government, Hooters of America corporate has too much debt and faces higher interest rates. Private equity investor monies with lofty goals buying Hooters of America from other private equity investors in 2019. Corporate restructuring with downsizing and cost cutting are needed. Selling more chicken wings won’t make much of a dent in their corporate debt load and accruing interest expenses to lenders.

Grok3:

### Key Points
- Hooters of America operates and franchises Hooters restaurants, known for casual dining and sports bar atmosphere.
- They primarily have the Hooters brand, with no other brands mentioned.
- In 2019, Nord Bay Capital and TriArtisan Capital Advisors acquired the company; in 2011, they issued $180 million in notes, now facing $300 million debt.
- Financial distress stems from high debt, low foot traffic, and intense competition, leading to closures of underperforming locations.

### Company Overview
**What Hooters of America Does**
Hooters of America, LLC, is a restaurant company that both operates and franchises Hooters restaurants. These restaurants are known for their casual dining experience, sports bar atmosphere, and distinctive waitstaff uniforms, offering American comfort food like chicken wings, burgers, and seafood. As of April 2024, there are approximately 300 locations in the US and internationally.

**Brands**
Hooters of America primarily operates under the Hooters brand, with no other brands associated with the company in public records.

### Financial and Ownership History
**Private Equity Transactions**
- In 2019, Nord Bay Capital and TriArtisan Capital Advisors acquired Hooters of America from H.I.G. Capital, Chanticleer Holdings, and other investors ([Hooters of America, LLC Acquired by Nord Bay Capital and TriArtisan Capital Advisors | Business Wire](https://www.businesswire.com/news/ho...pital-Advisors)).
- This transaction marked a significant ownership change, with the previous owners retaining stakes.

**Debt Financing History**
- In 2011, Hooters of America issued $180 million in senior secured notes ([New Issue-Hooters sells $180 mln in 6-year notes | Reuters](reuters.com)).
- Currently, the company is reported to have $300 million in debt and is seeking advice to manage it, potentially through bankruptcy ([Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online](Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online)).

### Financial Distress Analysis
Hooters of America is facing financial distress due to several factors:
- **High Debt Levels:** With $300 million in debt, the company is struggling to manage its financial obligations, leading to discussions with advisors about restructuring.
- **Declining Performance:** The company has closed around 40 underperforming restaurants recently, indicating low foot traffic and revenue declines ([Hooters Taps Advisers to Address Debt as Restaurant’s Revenue Falls - Bloomberg](Bloomberg - Are you a robot?)).
- **Intense Competition:** The casual dining sector is highly competitive, with chains like Twin Peaks posing challenges, potentially impacting market share.
- **Economic Factors:** Inflation, rising costs of rent and food, and changing consumer preferences are cited as contributing to their financial difficulties.

Surprisingly, despite its iconic brand, Hooters has seen a reduction in locations from over 430 in 2016 to around 300 now, suggesting past over-expansion may have contributed to current issues ([Number of Hooters locations in the USA in 2024 | ScrapeHero](Number of Hooters locations in the USA in 2024 | ScrapeHero)).

---

### Comprehensive Analysis of Hooters of America’s Financial Situation

This section provides a detailed examination of Hooters of America, LLC, addressing its operations, brand portfolio, financial transactions, and the factors contributing to its reported financial distress. The analysis is based on publicly available data, news articles, and industry reports, acknowledging the limitations due to the company’s private status.

#### Company Operations and Brand Portfolio

Hooters of America, LLC, is the primary entity responsible for the operation and franchising of Hooters restaurants, a chain established in 1983 in Clearwater, Florida. The company offers a casual dining experience characterized by a sports bar atmosphere, featuring American comfort food such as chicken wings, burgers, and seafood, served by waitstaff known as “Hooters Girls” in distinctive uniforms ([Hooters History and Story - Hooters.com](https://www.hooters.com/about/history/)). As of April 2024, there are approximately 300 Hooters locations in the United States, with a significant presence in states like Texas (55 locations) and Florida ([Number of Hooters locations in the USA in 2024 | ScrapeHero](Number of Hooters locations in the USA in 2024 | ScrapeHero)). The company also operates internationally, with locations in 29 countries, totaling over 420 restaurants globally ([Hooters of America | LinkedIn](https://www.linkedin.com/company/hooters-of-america)).

The brand portfolio is singular, focusing exclusively on Hooters, with no other brands mentioned in public records or reports. This focus has historically leveraged the brand’s high recognition, with 99% unaided brand awareness cited in development strategies ([Hooters® Paves Way for U.S. Development with Second Generation Real Estate Opportunity + Line of Flexible Store Models - PR Newswire](https://www.prnewswire.com/news-rele...302041839.html)).

#### Ownership and Private Equity Transactions

The ownership history of Hooters of America reflects several significant transactions:
- **1983:** The first Hooters restaurant was opened by six businessmen in Clearwater, Florida.
- **1984:** Franchise rights were sold to Neighborhood Restaurants of America, forming Hooters of America, Inc., marking the beginning of its expansion ([Hooters Of America Inc | Encyclopedia.com](https://www.encyclopedia.com/social-...rs-america-inc)).
- **2001:** Hooters of America bought the trademark from Hooters Inc., consolidating control over the brand ([History of Hooters of America, Inc. – FundingUniverse](https://www.fundinguniverse.com/comp...a-inc-history/)).
- **2019:** Nord Bay Capital and TriArtisan Capital Advisors acquired the company from H.I.G. Capital, Chanticleer Holdings, and other investors, with financial terms undisclosed. Previous owners retained stakes, indicating a partial continuity in ownership ([Hooters of America, LLC Acquired by Nord Bay Capital and TriArtisan Capital Advisors | Business Wire](https://www.businesswire.com/news/ho...pital-Advisors)).

This 2019 acquisition was a pivotal private equity transaction, aimed at supporting the next phase of growth, as stated by then-CEO Terry Marks.

#### Debt Financing History

Hooters of America’s debt financing activities include:
- **2011:** The company issued $180 million in senior secured notes, maturing in 2017, with an 11.25% coupon rate, indicating a significant borrowing to fund operations or expansion ([New Issue-Hooters sells $180 mln in 6-year notes | Reuters](reuters.com)).
- **2022:** A $70 million loan was raised, as reported in financial funding rounds, suggesting ongoing financing needs ([Hooters of America Stock Price, Funding, Valuation, Revenue & Financial Statements - CB Insights](https://www.cbinsights.com/company/h...llc/financials)).
- **Current Debt Load:** Recent reports indicate the company is facing $300 million in debt, prompting urgent talks with lenders and advisors to address liquidity issues and potential bankruptcy ([Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online](Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online)). This debt level, combined with revenue declines, has led to engagements with firms like Accordion Partners and Ropes & Gray for financial restructuring ([Hooters Taps Advisers to Address Debt as Restaurant’s Revenue Falls - Bloomberg](Bloomberg - Are you a robot?)).

#### Financial Distress Factors

Hooters of America’s financial distress is multifaceted, driven by:
- **Excessive Debt:** The $300 million debt load, particularly in light of recent revenue declines, is a significant burden. The company’s efforts to refinance or restructure through bankruptcy indicate liquidity challenges ([Hooters of America plans for business restructuring through bankruptcy court - Bloomberg By Investing.com](https://www.investing.com/news/stock...g-93CH-3884097)).
- **Low Foot Traffic and Revenue Declines:** The closure of approximately 40 underperforming restaurants, including locations in Florida, Kentucky, and Texas, highlights declining foot traffic. This is attributed to changing consumer preferences, with reports noting a shift towards off-premise dining and virtual locations to boost sales ([The Real Reasons Hooters Locations Are Disappearing - Eat This](https://www.eatthis.com/hooters-locations-disappearing/)).
- **Historical Over-Expansion:** The company’s location count reduced from over 430 in 2016 to around 300 by 2024, suggesting past over-expansion may have led to unsustainable costs, now necessitating consolidation ([Number of Hooters locations in the USA in 2024 | ScrapeHero](Number of Hooters locations in the USA in 2024 | ScrapeHero)). This aligns with reports of sales declines, such as a 1.7% drop from 2017 to 2018 ([Hooters of America has been sold - Restaurant Business Online](https://www.restaurantbusinessonline...-has-been-sold)).
- **Intense Competition:** The casual dining sector faces intense competition, with similar “breastaurant” concepts like Twin Peaks reporting growth, potentially drawing customers away. Economic factors, including inflation and rising costs of rent and food, further exacerbate the situation ([Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online](Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online)).

#### Conclusion and Implications

Hooters of America’s financial distress is a result of a combination of high debt levels, declining operational performance, and competitive pressures within the casual dining industry. The company’s historical expansion, while initially successful, appears to have led to over-extension, now requiring significant restructuring efforts.

Huh??? TLDR…

[Normal]

Hooters is located (or will be) right on Cash Alley (CR44). It will do just fine. Centrally located for Villagers and golf cart accessible, also viewed by all ages with regular traffic from 44 between Leesburg and Wildwood it should have no issues for traffic. A lot of stores and retail are in (or should I say “on”) 44s future.

[ByebyeMichigan]

Your loss ………

[SHIBUMI]

was too top heavy to produce a good bottom line!

Originally Posted by CoachKandSportsguy

paywalled
Bloomberg - Are you a robot?

The restaurant business is a tough one, please patronize your favorite ones even after a bad night, because you may want them to be around for the good nights.

[dewilson58]

Originally Posted by Snakster66

so....they're going bust?

earnings are starting to sag.

[SaucyJim]

Originally Posted by HappyTraveler

More accurately, they're going t-i-ts up!

Happy to report I've never set foot in one of those places. Too trashy...

If you have never sat foot in a Hooters, how do you know they are trashy? I used to go there for bar food and a game with my girlfriend who is now my wife, so it couldn’t have made that bad of an impression.

[Normal]

Originally Posted by dewilson58

earnings are starting to sag.

The business model needs recalibrated and adjusted for the incoming Generation. The newest “implant” will be fine for a couple years, but the chain as a whole needs a “lift”.

[DennisfromMinnesota]

It’s really no surprise. Poor marketing strategy. Advertising breasts and thighs, to sell wings? What were they thinking?

[askcarl]

Breast & Wings does it take to "Retire" $300 Million?

BuffaloWildWings has them beat without the Family Pushback. [url=https://www.cnbc.com/2024/04/11/buffalo-wild-wings-go-format-off-premise-sales.html]


Since 2018, Buffalo Wild Wings has been a part of Inspire Brands, which is backed by private equity firm Roark Capital. Initially formed after a merger between BWW and Arby’s, Inspire has since added other chains including Sonic Drive-In, Jimmy John’s, Dunkin’ and Baskin-Robbins.

Make Mine a whole Chicken....

[JoMar]

Originally Posted by HappyTraveler

More accurately, they're going t-i-ts up!

Happy to report I've never set foot in one of those places. Too trashy...

Since you are a follower, please share who you follow that shapes your opinion?

[Marmaduke]

Originally Posted by spinner1001

Like the US government, Hooters of America corporate has too much debt and faces higher interest rates. Private equity investor monies with lofty goals buying Hooters of America from other private equity investors in 2019. Corporate restructuring with downsizing and cost cutting are needed. Selling more chicken wings won’t make much of a dent in their corporate debt load and accruing interest expenses to lenders.

Grok3:

### Key Points
- Hooters of America operates and franchises Hooters restaurants, known for casual dining and sports bar atmosphere.
- They primarily have the Hooters brand, with no other brands mentioned.
- In 2019, Nord Bay Capital and TriArtisan Capital Advisors acquired the company; in 2011, they issued $180 million in notes, now facing $300 million debt.
- Financial distress stems from high debt, low foot traffic, and intense competition, leading to closures of underperforming locations.

### Company Overview
**What Hooters of America Does**
Hooters of America, LLC, is a restaurant company that both operates and franchises Hooters restaurants. These restaurants are known for their casual dining experience, sports bar atmosphere, and distinctive waitstaff uniforms, offering American comfort food like chicken wings, burgers, and seafood. As of April 2024, there are approximately 300 locations in the US and internationally.

**Brands**
Hooters of America primarily operates under the Hooters brand, with no other brands associated with the company in public records.

### Financial and Ownership History
**Private Equity Transactions**
- In 2019, Nord Bay Capital and TriArtisan Capital Advisors acquired Hooters of America from H.I.G. Capital, Chanticleer Holdings, and other investors ([Hooters of America, LLC Acquired by Nord Bay Capital and TriArtisan Capital Advisors | Business Wire](https://www.businesswire.com/news/ho...pital-Advisors)).
- This transaction marked a significant ownership change, with the previous owners retaining stakes.

**Debt Financing History**
- In 2011, Hooters of America issued $180 million in senior secured notes ([New Issue-Hooters sells $180 mln in 6-year notes | Reuters](reuters.com)).
- Currently, the company is reported to have $300 million in debt and is seeking advice to manage it, potentially through bankruptcy ([Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online](Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online)).

### Financial Distress Analysis
Hooters of America is facing financial distress due to several factors:
- **High Debt Levels:** With $300 million in debt, the company is struggling to manage its financial obligations, leading to discussions with advisors about restructuring.
- **Declining Performance:** The company has closed around 40 underperforming restaurants recently, indicating low foot traffic and revenue declines ([Hooters Taps Advisers to Address Debt as Restaurant’s Revenue Falls - Bloomberg](Bloomberg - Are you a robot?)).
- **Intense Competition:** The casual dining sector is highly competitive, with chains like Twin Peaks posing challenges, potentially impacting market share.
- **Economic Factors:** Inflation, rising costs of rent and food, and changing consumer preferences are cited as contributing to their financial difficulties.

Surprisingly, despite its iconic brand, Hooters has seen a reduction in locations from over 430 in 2016 to around 300 now, suggesting past over-expansion may have contributed to current issues ([Number of Hooters locations in the USA in 2024 | ScrapeHero](Number of Hooters locations in the USA in 2024 | ScrapeHero)).

---

### Comprehensive Analysis of Hooters of America’s Financial Situation

This section provides a detailed examination of Hooters of America, LLC, addressing its operations, brand portfolio, financial transactions, and the factors contributing to its reported financial distress. The analysis is based on publicly available data, news articles, and industry reports, acknowledging the limitations due to the company’s private status.

#### Company Operations and Brand Portfolio

Hooters of America, LLC, is the primary entity responsible for the operation and franchising of Hooters restaurants, a chain established in 1983 in Clearwater, Florida. The company offers a casual dining experience characterized by a sports bar atmosphere, featuring American comfort food such as chicken wings, burgers, and seafood, served by waitstaff known as “Hooters Girls” in distinctive uniforms ([Hooters History and Story - Hooters.com](https://www.hooters.com/about/history/)). As of April 2024, there are approximately 300 Hooters locations in the United States, with a significant presence in states like Texas (55 locations) and Florida ([Number of Hooters locations in the USA in 2024 | ScrapeHero](Number of Hooters locations in the USA in 2024 | ScrapeHero)). The company also operates internationally, with locations in 29 countries, totaling over 420 restaurants globally ([Hooters of America | LinkedIn](https://www.linkedin.com/company/hooters-of-america)).

The brand portfolio is singular, focusing exclusively on Hooters, with no other brands mentioned in public records or reports. This focus has historically leveraged the brand’s high recognition, with 99% unaided brand awareness cited in development strategies ([Hooters® Paves Way for U.S. Development with Second Generation Real Estate Opportunity + Line of Flexible Store Models - PR Newswire](https://www.prnewswire.com/news-rele...302041839.html)).

#### Ownership and Private Equity Transactions

The ownership history of Hooters of America reflects several significant transactions:
- **1983:** The first Hooters restaurant was opened by six businessmen in Clearwater, Florida.
- **1984:** Franchise rights were sold to Neighborhood Restaurants of America, forming Hooters of America, Inc., marking the beginning of its expansion ([Hooters Of America Inc | Encyclopedia.com](https://www.encyclopedia.com/social-...rs-america-inc)).
- **2001:** Hooters of America bought the trademark from Hooters Inc., consolidating control over the brand ([History of Hooters of America, Inc. – FundingUniverse](https://www.fundinguniverse.com/comp...a-inc-history/)).
- **2019:** Nord Bay Capital and TriArtisan Capital Advisors acquired the company from H.I.G. Capital, Chanticleer Holdings, and other investors, with financial terms undisclosed. Previous owners retained stakes, indicating a partial continuity in ownership ([Hooters of America, LLC Acquired by Nord Bay Capital and TriArtisan Capital Advisors | Business Wire](https://www.businesswire.com/news/ho...pital-Advisors)).

This 2019 acquisition was a pivotal private equity transaction, aimed at supporting the next phase of growth, as stated by then-CEO Terry Marks.

#### Debt Financing History

Hooters of America’s debt financing activities include:
- **2011:** The company issued $180 million in senior secured notes, maturing in 2017, with an 11.25% coupon rate, indicating a significant borrowing to fund operations or expansion ([New Issue-Hooters sells $180 mln in 6-year notes | Reuters](reuters.com)).
- **2022:** A $70 million loan was raised, as reported in financial funding rounds, suggesting ongoing financing needs ([Hooters of America Stock Price, Funding, Valuation, Revenue & Financial Statements - CB Insights](https://www.cbinsights.com/company/h...llc/financials)).
- **Current Debt Load:** Recent reports indicate the company is facing $300 million in debt, prompting urgent talks with lenders and advisors to address liquidity issues and potential bankruptcy ([Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online](Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online)). This debt level, combined with revenue declines, has led to engagements with firms like Accordion Partners and Ropes & Gray for financial restructuring ([Hooters Taps Advisers to Address Debt as Restaurant’s Revenue Falls - Bloomberg](Bloomberg - Are you a robot?)).

#### Financial Distress Factors

Hooters of America’s financial distress is multifaceted, driven by:
- **Excessive Debt:** The $300 million debt load, particularly in light of recent revenue declines, is a significant burden. The company’s efforts to refinance or restructure through bankruptcy indicate liquidity challenges ([Hooters of America plans for business restructuring through bankruptcy court - Bloomberg By Investing.com](https://www.investing.com/news/stock...g-93CH-3884097)).
- **Low Foot Traffic and Revenue Declines:** The closure of approximately 40 underperforming restaurants, including locations in Florida, Kentucky, and Texas, highlights declining foot traffic. This is attributed to changing consumer preferences, with reports noting a shift towards off-premise dining and virtual locations to boost sales ([The Real Reasons Hooters Locations Are Disappearing - Eat This](https://www.eatthis.com/hooters-locations-disappearing/)).
- **Historical Over-Expansion:** The company’s location count reduced from over 430 in 2016 to around 300 by 2024, suggesting past over-expansion may have led to unsustainable costs, now necessitating consolidation ([Number of Hooters locations in the USA in 2024 | ScrapeHero](Number of Hooters locations in the USA in 2024 | ScrapeHero)). This aligns with reports of sales declines, such as a 1.7% drop from 2017 to 2018 ([Hooters of America has been sold - Restaurant Business Online](https://www.restaurantbusinessonline...-has-been-sold)).
- **Intense Competition:** The casual dining sector faces intense competition, with similar “breastaurant” concepts like Twin Peaks reporting growth, potentially drawing customers away. Economic factors, including inflation and rising costs of rent and food, further exacerbate the situation ([Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online](Hooters sparks fears of mass closures as chain takes drastic action over huge debts | Daily Mail Online)).

#### Conclusion and Implications

Hooters of America’s financial distress is a result of a combination of high debt levels, declining operational performance, and competitive pressures within the casual dining industry. The company’s historical expansion, while initially successful, appears to have led to over-extension, now requiring significant restructuring efforts.

Dissertation #101.

Now Defend the empirical literature and your research.
Gobbitygook. lol

Another words, who cares?

[kkingston57]

Originally Posted by SuperJ

Good time to buy the stock. Buy the dip sell the rip lol

If you believe in their long term viability, go for it. Can not imagine how they can staff any operation in and around TV. Went out last night to a very popular steak house. Usually host will be a young vivacious female. There were 3 there none of which was under 200 lbs and no taller than 5'ft 6 inches