hoots wings is one of the most affordable low cost concepts in the QSR industry
Owning a business doesn’t have to break the bank. Hoots Franchising, LLC is committed to helping as many entrepreneurs thrive in business as possible by keeping the barriers to entry low.
In fact, a hoots® wings restaurant is one of the most affordable opportunities in the QSR industry, with the total costs to open a new restaurant ranges from $448,500 – $1,249,500. The affordability of the concept designed that way because our parent company, HOA Brands, has been helping entrepreneurs thrive in the restaurant industry for over 35 years.
This means that we know exactly what restaurant owners and operators need to thrive on a fundamental level, and keeping initial and ongoing costs low is at the very top of the list.
“We worked really hard to develop a concept that would be attractive to multi-unit entrepreneurs who are looking to expand their portfolio, as well as first-time entrepreneurs who have never owned a business before,” says Mark Whittle, Chief Development Officer of Hoots Franchising, LLC. “Compared to other QSR concepts, we believe our concept is much more affordable – and this includes both the initial cost as well as the ongoing costs of ownership.”
Small footprint, smart kitchen design, and low food and labor costs contribute to good unit-level economics
hoots wings restaurants are designed for a small footprint without sacrificing the chic design that our customers love. Our small footprint and flexible restaurant design is helpful in securing ideal real-estate in the markets we enter, as well as keeping the rental costs low.
This small footprint is made possible by our efficient kitchen layout, which also provides a cost-saving investment for our franchisees. By using only two pieces of equipment to cook all of our foods, we believe the investment to build out a kitchen in a hoots wings is also much more affordable than a full-service QSR restaurant. The simplicity also contributes to our low labor costs, as having a streamlined kitchen means that it requires less labor to execute our menu.
Since Hoots Franchising, LLC is part of HOA Brands, a global restaurant powerhouse, we can offer you access to savings on food procurement. Our significant negotiating power means that your ongoing food costs will be kept as low as possible.
“One of the great things about this concept is that being under the HOA Brands umbrella means hoots wings is a part of a much larger group of restaurant companies,” says Mark Whittle, Chief Development Officer of Hoots Franchising, LLC. “Our franchisees get to take advantage of the buying power of a global group of restaurant companies, which have a tremendous impact on food costs – and by extension, unit-level economics.”
What Do I Get For My Franchise Fee?
The advantage of being part of a franchise system with access to experienced support personnel like hoots wings is apparent as soon as an entrepreneur signs a franchise agreement. The value of our franchise fee of $30,000 is demonstrated in the exceptional ongoing support platform that begins on day one and continues for the lifespan of the business.
For your franchise fee, you get access to all of our resources including help with site-selection, build-out, restaurant design, menu construction, marketing, initial and ongoing training, as well as business development coaching to ensure that your business is meeting your goals.
Does hoots wings Offer Financing?
While hoots wings doesn’t offer to finance directly, we do have relationships with third-party investors who can help you secure the capital necessary to open your new restaurant. hoots wings is listed on the SBA Franchise Directory and our franchisees are eligible to apply for SBA funding. Because our brand is associated with HOA Brands, a global company with decades of experience in helping franchise owners thrive, lenders will be incentivized to work with a brand with a long track record of success.
Here’s the full overview of the costs & fees associated with investing in a new hoots wings franchise restaurant
For a full breakdown of the costs and fees associated with opening a new hoots wings franchise, please review Item 7 from our most recent Franchise Disclosure Document below:
Development Program – 2 – 3 hoots wings Restaurants
|Type of expenditure (Note 1)||Amount||Method of payment||When due||To whom payment is to be made|
|Total estimated initial investment for 2 to 3 Hoots restaurants||$897,000 to $3,748,500||See Individual Dine-In Hoots Table below||See Individual Dine-In Hoots Table below||See Individual Dine-In Hoots Table below|
|Additional Development Fees Due under the Development Program for a Development Agreement (2 to 3 Units)||$0
(the $20,000 to $30,000 Development Fee goes towards the Initial Franchise Fee of the first 2 to 3 Hoots Restaurants)
|Lump Sum||At signing of Development Agreement (at the same time as all Franchise Agreements)||Us|
|Total estimated initial investment under the development program (2 to 3 units)||$897,000 to $3,748,500|
Development Program – 4 – 10 hoots wings Restaurants
|Type of expenditure||Amount||Method of payment||When due||To whom payment is to be made|
|Total estimated initial investment for 1st Hoots restaurant||$897,000 to $3,748,500||See Individual Dine-In Hoots Table below||See Individual Dine-In Hoots Table below||See Individual Dine-In Hoots Table below|
|Additional development fees due under the development program for a development agreement (4 to 10 units)||$20,000 to $70,000
(the remaining $20,000 to $30,000 of the total $40,000 to $100,000 Development Fee goes toward the Initial Franchise Fee of the first 2 to 3 Hoots Restaurants)
|Lump Sum||At signing of Development Agreement||Us|
|Total estimated Initial investment under the Development Program (4 to 10 units)||$917,000 to $3,818,500|
Individual hoots wings Franchise
|Type of Expenditure||Estimated Amount or Estimated Range (LOW)||Estimated Amount or Estimated Range (HIGH)||Method of Payment||When Due||To Whom Payment Is Made|
|Initial Franchise Fee||$30,000||$30,000||Lump Sum||On signing Franchise Agreement||Us|
|Grand Opening Marketing Deposit||$10,000||$10,000||Lump Sum||Before opening||Us|
|Site Selection Fee||$0||$12,500||Lump Sum||Before opening||Us|
|Extension Fee(s)||$0||$5,000||Lump Sum||Before opening||Us|
|Training System Fee||$300||$500||Lump Sum||Before opening||Us|
|Real Estate Lease Payments||$4,000||$12,000||As Arranged||Monthly||Lessor|
|Liquor License||$5,000||$25,000||As Arranged||Before opening||Governmental Authority|
|Improvements/Signage||$140,000||$468,000||As Arranged||Before opening||Suppliers,Tradesmen|
|Technology System||$15,000||$30,000||As Arranged||Before opening||Suppliers|
|Equipment, Furniture, Fixtures, Supplies, and Small wares||$130,000||$340,000||As Arranged||Before opening||Suppliers|
|Construction Management Fee||$0||$22,000||As Arranged||Supplier||Suppliers|
|Initial Inventory||$10,000||$20,000||As Arranged||Before opening||Suppliers, Our Affiliates|
|Labor and Training||$25,000||$50,000||As Incurred||During training||Your Employees, Us, Suppliers of Transportation,|
|Initial Advertising||$10,000||$25,000||As Incurred||Before opening||Suppliers|
|Insurance||$15,000||$45,000||As Arranged||Before opening||Third-Party Insurers|
|Professional Fees||$20,000||$50,000||As Incurred||Before opening||Third-Party Insurers|
|Deposits, Licenses, and
Other Prepaid Expenses
|$4,500||$30,000||As Arranged||Before opening||Suppliers, Utilities, Landlord|
|Additional Funds – 3 months||$29,700||$74,500||As Incurred||As Incurred||Suppliers, Employees, Tradesmen|
Ready to Join the Hoots Family?
If you’re ready to bring the most dynamic and innovative wings concept to your community, fill out an application on this site to learn about the hoots wings franchise opportunity. We can’t wait to learn more about you!