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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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