Chanticleer Holdings, Inc. has formed a joint venture with the current Hooters® franchisee in Australia to develop Hooters restaurants going forward.
- There currently are 3 Hooters restaurants in Australia: Parramatta, Penrith and Campbelltown
- Chanticleer Holdings, Inc. owns 60% interest in the Campbelltown location.
- Expected market opportunity ~ 15 restaurants
Commonwealth of Australia: 2011 (est.) selected statistics:
- Population: ~22 Million
- Official language: English
- Country capital: Canberra
- Currency: Australian dollar
- GDP (PPP): $926.2 billion
- GDP per Capita (PPP): $40,800