Ricky's vs Hooters Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ricky's vs Hooters including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Ricky's Franchise
Hooters Franchise
Investment $800,000 - $950,000$956,500 - $4,275,000
Franchise Fee $45,000$75,000
Royalty Fee 4.5%5%
Advertising Fee 3%2.5%
Year Founded 19601983
Year Franchised 19781986
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Ricky's Franchise
Hooters Franchise
Experience --

Financing Options

 
Ricky's Franchise
Hooters Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support

 
Ricky's Franchise
Hooters Franchise
Training - On-The-Job Training: Varies Classroom Training: Varies
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Security/Safety Procedures Field Operations Site Selection
Marketing -Ad Templates National Media Regional Advertising Social media Website development Loyalty program/app
Operations --

Expansion Plans

 
Ricky's Franchise
Hooters Franchise
US Expansion -No
Canada Expansion Yes-
International Expansion NoYes

Company Overviews

About Ricky's

RICKYS ALL DAY GRILL is a mid-scale restaurant/lounge concept featuring high quality Breakfast Plates, plus an Extensive Lunch and Dinner Menu showcasing ribs, chicken, pastas, steaks, burgers, and home-style favourites. It's dynamic, stylized decor theme makes all age groups comfortable in this 3 day part concept with full bar. Ricky's has a proven track record in providing key site selection, construction, comprehensive training, ongoing operation support and marketing programs.

About Hooters

There are no franchise opportunities available in the United States. Every region has been sold and our franchisees are not allowed to sub-franchise. International Hooters of America has franchise opportunities in the following countries: * Baltic States * Belorussia * Benelux * Bolivia * Bulgaria * Canada (Newfoundland) * Czech Republic * Denmark * Dominican Republic * Ecuador * Finland * France (multi-territory) * Hungary * Iceland * Italy (multi-territory) * Netherlands * Norway * Poland