America has a long history of importing and developing ideas from around the world, but the past century has been known primarily for the exporting of American ideas and lifestyle. One of the most visible examples of this is the rapid spread of the American food service industry to all parts of the world. Global U.S. restaurant brands now receive a significant portion of their revenue from outside the country, with some reaching the point where a majority of their profits will soon come from their foreign operations. Increasing middle class populations in developing countries represent a vast and growing consumer market for American restaurants, often with far less competition.
Chanticleer Holdings, together with major private equity investors, recently acquired Hooters of America (HOA) and its largest franchisee, Texas Wings, Inc. This made Chanticleer a minority holder in the famous Atlanta-based operator and franchisor of the Hooters brand, with over 430 restaurants in 28 countries. Chanticleer also has the rights to itself develop and operate restaurants in South Africa, Hungary, and parts of Brazil. The company itself currently owns, in whole or part, 6 restaurants internationally, consisting of 4 in South Africa, 1 in Australia, and 1 in Hungary. They plan to open another in South Africa in the first half of 2013, as part of their overall 2013 goal of ensuring same-store sales growth, increasing consolidated gross margins and profitability, and generally expanding the number of Hooters restaurants.
The company’s stated mission is to expand the Hooters restaurant brand in international emerging markets to bring the American sports bar experience abroad. As one of the most well-known restaurant brands in the world, Hooters has a menu that consists of moderately-priced American bar food and the world-famous Hooters girls. Chanticleer’s franchise model allows for rapid turn-key operations and high returns, and the company is well positioned with a projected annual growth rate of over 50%.
For additional information, visit www.ChanticleerHoldings.com
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