It looks like Hooters isn’t recession proof. The chain restaurant featuring its trademark buxom waitresses is on the market, having recently shopped itself to a string of private equity firms, reports the New York Post. Analysts speculate that Hooters could sell for more than $250 million, which would include 450 franchise outposts as far as Australia and China. The restaurant chain took in more than $1 billion in sales in 2008, but the economy has taken a toll on the burgers-and-wings offerings. Hooters has also had a string of back luck in launching an airline and poor investments.
Read it at New York Post
