Hotshots operates sports-themed bars and restaurants, offering a variety of food and beverages. The franchise provides a casual and lively environment for guests to enjoy drinks, comfort food, and live sports in an energetic setting.
Key Insights
- Born from a passion for community and good times, Hotshots has evolved from its origins into a recognized brand focused on providing a welcoming atmosphere for guests. The business has grown over time, adapting its offerings and operations to meet the expectations of its customer base.
- Hotshots operates as a hospitality concept, combining food, beverages, and entertainment within its establishments. The focus is on creating a lively environment where patrons can enjoy a range of activities and services, all managed under a consistent operational framework.
- The franchise operates within the broader casual dining and entertainment sector. This industry is characterized by its appeal to a wide demographic seeking accessible and enjoyable leisure experiences, with a consistent demand for social gathering places.
Franchise Fee and Costs to Open
Exploring the financial picture of Hotshots gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $969,000 - $2,156,000, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Yearly gross sales of $1,513,586 and estimated earnings of $105,952 - $151,359 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 12.6-14.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Hotshots provides comprehensive initial training for new franchisees. This program offers foundational knowledge and practical skills. The full training period lasts for two weeks and is conducted at the Hotshots corporate headquarters. Hotshots also offers ongoing support and resources to assist franchisees in their operational journey.
Legal Considerations
Legal considerations for a Hotshots franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee might encounter navigating a saturated local market with established competitors, each vying for customer attention. The operational complexity of managing inventory, staffing, and maintaining quality standards consistently presents a constant focus. Furthermore, reliance on specific supply chains for core ingredients requires diligent oversight to ensure product availability and cost stability.
Franchise Datasheet
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