Entrepreneur

From Franchisor to a Competitor's Franchisee: How a Hooters Owner Bounced Back

Former Hooters owner is back in business at Twin Peaks.
Franchisor-turned- franchisee Coby Brooks.

Robert H. Brooks handed over the reins of the Hooters franchise to his son Coby in 2003. But when the elder Brooks died three years later, it set off a protracted lawsuit over his estate and the ownership of the Atlanta-based brand. In 2011, Coby Brooks was forced to sell Hooters to a private equity firm, and soon after he was let go.

A few days later, Brooks had an idea. He called Randy

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur2 min read
Make A Million Dollars In A Weekend?
Noah Kagan was the 30th employee at Facebook, the fourth employee at mint.com, and has started many successful businesses of his own. Now, his company AppSumo does nearly $100 million in annual revenue. Along the journey, he says he’s discovered some
Entrepreneur10 min read
Top Franchises for Diversity, Equity & Inclusion
A franchise is most successful when it reaches a wide variety of communities—and to do that best, it needs to bring a diversity of voices and experiences into its franchisee and corporate-level ranks. That’s why, for the third year, we’ve chosen the
Entrepreneur2 min read
The Skills You Never Knew You Needed
“I underestimated the importance of discernment. Early on, we had what seemed like a dream client—but red flags started to emerge. They were going through some internal strife, and their executives were contradicting each other, which bled onto our t

Related Books & Audiobooks