How to Calculate Cost of Goods Sold for a Restaurant
Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
Aug 31, 2026
Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
Aug 31, 2026
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Explore restaurant technology trends in 2026, including AI, automation, digital ordering, workforce tools, connected kitchens, personalization, and profitability strategies today.
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Learn the startup costs of opening an ice cream shop, including rent, equipment, renovations, permits, inventory, labor, marketing, and reserves.
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RaceTrac has appointed Jill Pemberton as chief financial officer, succeeding Karla Ahlert, who moves into the newly created role of chief administrative officer.
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A restaurant P&L statement reveals sales, expenses, and profits, helping owners manage costs, improve margins, and plan finances more effectively.
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Learn practical ways to reduce labour costs through smarter scheduling, forecasting, productivity, cross-training, automation, overtime control, and performance monitoring strategies.
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A payroll advance policy helps restaurant owners define eligibility, limits, repayment, documentation, approval procedures, and compliance requirements for employee advances.
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Blaze Pizza welcomes Tracy Stockard as Chief Marketing Officer, bringing decades of brand and franchise experience to drive strategic growth and guest engagement.
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Create a practical restaurant marketing plan by setting goals, targeting customers, choosing channels, budgeting wisely, scheduling campaigns, and measuring results.
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Discover the latest developments in Hooters franchise acquisitions and business optimization strategies. Learn how the iconic brand aims to revitalize its restaurants and maintain its legacy.

The recent announcement of Hooters Inc. and Hoot Owl Restaurants (The Buyer Group) acquiring 100 company-owned restaurants marks a significant development in the Hooters franchise network. Despite the closure of some locations, the overall acquisition is expected to streamline operations and strengthen the brand's position in the market. The Buyer Group's strategic approach to these acquisitions demonstrates a commitment to optimizing the business for long-term success.

By focusing on a pure franchise business model, Hooters aims to enhance its operational efficiency and profitability. The consolidation of ownership under The Buyer Group is designed to simplify existing business structures and drive growth. Through strategic planning and effective resource allocation, Hooters anticipates remaining a key player in the competitive restaurant industry.

As part of the acquisition deal, The Buyer Group is committed to upholding the core principles that have defined Hooters' identity over the years. This includes preserving original recipes and iconic Hooters Girls uniforms, which are integral to the brand's nostalgic appeal. Moreover, significant investments in restaurant refurbishments and quality improvements are planned to elevate customer experience and satisfaction.

The involvement of The Buyer Group in overseeing essential franchise support functions, such as national advertising, central purchasing, and development support, signifies a comprehensive approach to sustaining and enhancing the franchise network. By providing robust support services to franchisees, Hooters aims to foster a collaborative environment that drives success across all locations.
With a significant portion of domestic Hooters restaurants under The Buyer Group's ownership, the brand is poised for a new chapter of growth and innovation. The revitalization of Hooters through strategic acquisitions and operational optimizations is expected to have a positive impact on the overall franchise industry, setting a benchmark for sustainable business practices and customer-centric strategies.