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Thread: sign of the times - Hooters 'Breast-aurant' Chain on the block

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    Default sign of the times - Hooters 'Breast-aurant' Chain on the block

    (snip)"
    Hooters is rattling its cans on Wall Street.

    The Atlanta-based "breast-aurant" chain -- famous for the scantily clad waitresses who serve up its burgers and spicy wings -- is beckoning prospective buyers, sources told The Post.

    Hooters has recently shopped itself to a number of private-equity firms as sales have sagged with the recession, sources said. The closely held company, meanwhile, is in advanced talks with a Connecticut-based investor that has been granted certain rights of refusal on any potential transaction, according to one source.

    (snip)"Some analysts estimate the chain might fetch more than $250 million despite the bumpy business climate. Hooters' 450 owned and franchised restaurants, which are as far-flung as Australia and China, racked up more than $1 billion in sales in 2008, according to Technomic, a food-industry research firm.

    Nevertheless, insiders said Hooters appears to be strapped financially. The chain's comparable sales lately have suffered steep declines, according to one source, as the hobbled economy has deflated appetites for Hooters' burgers-and-babes fare. snip)

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    The obvious point for dancers to glean from Hooters' disproportionate decline in sales / profits is that middle class customers facing a choice of being able to afford fewer trips to Hooters for burgers and wings with a 'view', versus an equal number of burgers and wings at a lower cost at MacD's or Pizza Hut while sacrificing the 'view', are opting for the latter. This arguably has a direct correlation re middle class customers facing a choice of fewer trips to their local strip club versus an equal number of nights out at lower cost at local bars or clubs also choosing the latter.

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    Default Re: sign of the times - Hooters 'Breast-aurant' Chain on the block

    Seems to be a lot of hooters girls who are strippers and vice versa.

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    Default Re: sign of the times - Hooters 'Breast-aurant' Chain on the block

    ^^^ well, as my analogy attempted to point out, both businesses follow a similar core business model ... i.e. 'upselling' a standard commodity ( burgers, wings, alcohol ) at high prices because it is being served by a very attractive and scantily clad young woman ! Unfortunately, when available customer discretionary spending dollars are reduced ( as is increasingly now the case ), a lot of customers are opting to forego the scantily clad factor and its associated higher prices.

    And while the exotic dancer's business model goes beyond the core business model of the club, it's not possible to sell lap dances to non-existant club customers who chose to go to a sports bar instead to get an equal number of alcoholic drinks ( and bar food where some topless alcohol clubs are concerned) for far less cost.

    You can probably read into this a theoretical conclusion that alcohol serving (topless) clubs will be 'hurt' far more than non-alcohol serving (nude) clubs as available customer discretionary spending dollars decline. Again speaking theoretically, nude club customers are actually interested in buying something different ... interaction / contact / 'extras'. However, the same 'more bang for the buck' mentality still exists ... i.e. nude club customers expecting higher levels of contact / 'extras' for the same amount of money !

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    Default Re: sign of the times - Hooters 'Breast-aurant' Chain on the block

    Scantily clad. What are the talking about? The girls wear shorts and often look nice.

    Hooters is typical of the businesses that leverage their expansion on speculation, not a proven business plan. They, not their girls, were going down before this financial tsunami turned big.

    well, as my analogy attempted to point out, both businesses follow a similar core business model ... i.e. 'upselling' a standard commodity ( burgers, wings, alcohol ) at high prices because it is being served by a very attractive and scantily clad young woman ! Unfortunately, when available customer discretionary spending dollars are reduced ( as is increasingly now the case ), a lot of customers are opting to forego the scantily clad factor and its associated higher prices.
    This definitely applies to strip clubs where the only tangible things one one receives is some indirectly applied perfume and some illusions.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: sign of the times - Hooters 'Breast-aurant' Chain on the block

    Personally I think Hooters is getting boxed out by other restaurants that have taken their model and do it better. I know where I live there are five different type of "breastaraunts" including Hooters. At one the girls wear bikini tops and short shorts; at another the girls wear nurse outfits, another with school girl outfits, etc., etc. One of them had a promotion in February where the girls wore lingerie for the 10 days heading into Valentine's Day. The place was a madhouse for lunch and dinner during that time period; I must have been in there at least a half dozen times myself at the time. The only unfortunate thing was that a lot of the girls went to wearing corsets which actually covered more than their usual uniform, but at least some girls took the lingerie theme to a whole new level.

    The Hooters uniform is old and boring. The food isn't all that good. There are other restaurants/sports bars a guy can go to where the girls are hot or hotter and wear so much less (and still be legal I guess). About the only time these days that I go to Hooters is when they have their "theme" day once a month, and the girls can wear something a lot more fun than their usual uniforms: school girl month, bunnies month, cow girls month, dance wear month, etc. Hooters needs to adapt a bit more. Yes, they're international. Yes, they still have their annual pageant/dreamgirls' contests that get aired on the FSN channel. However, I just don't think it's enough.
    "If everybody grows up with high self esteem, who's gonna dance in our strip clubs?" - Lazy Boy's "Underwear Goes Inside the Pants"

    "Women are like flies - they land on either sugar or shit." - Women in Trouble

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    Default Re: sign of the times - Hooters 'Breast-aurant' Chain on the block

    Their food really really sucks.

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    Default Re: sign of the times - Hooters 'Breast-aurant' Chain on the block

    Quote Originally Posted by Deogol View Post
    Their food really really sucks.
    QFT!


    Promote yourself and earn more money! This is a business that is owned by strippers for strippers. Let's make that money!


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    Default Re: sign of the times - Hooters 'Breast-aurant' Chain on the block

    Yeah. Hybrids are usually full of compromises. Go to a good restaurant. And then go to a strip club or your favorite provider, or perhaps your 'significant other'.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: sign of the times - Hooters 'Breast-aurant' Chain on the block

    Sell boobies, buy bailouts!
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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