Top Sports Bar Franchises for 2024
Invest in a sports bar franchise like Buffalo Wild Wings or Tilted Kilt. High investment costs, solid profit margins, and unique promotions await, but be prepared for significant HR challenges and a lengthy capital recovery period.
Table of Contents:
Introduction
Have you thought about investing in a business that you enjoy, one that allows you to have fun? Many people love sports, and many enjoy drinking, so why not consider opening a sports bar franchise?
However, be cautious—this can be a high investment, ranging from three to six million dollars. The return on your capital may take a long time, even with high sales and potentially solid profit margins due to liquor and beer sales. Additionally, you may face HR challenges, as a sports bar franchise often requires 20 to 50+ employees, depending on the size of the location.
Investment Cost
Investing in a sports bar franchise can range from three to six million dollars. Although the sales are high, allowing for a potentially solid profit margin due to liquor and beer sales, it’s important to be mindful of the following:
- Long time to get your capital back.
- Significant HR challenges, as managing 20 to 50+ employees is often required.
Popular Sports Bar Franchises
Buffalo Wild Wings
Buffalo Wild Wings is one of the largest sports bar franchises in the world. Originally called “Buffalo Wild Wings & Weck” when it was founded in Ohio in 1982, the name was later shortened to Buffalo Wild Wings.
Hooters
Hooters is another well-known sports bar franchise, with over 400 locations in 29 countries. It was founded in Florida in 1983. We recently covered Hooters in a detailed video.
Tilted Kilt
Tilted Kilt is a Celtic-themed sports bar that was founded in Las Vegas in 2003. It features female servers wearing plaid kilts and has over 20 locations in the United States and Canada.
Twin Peaks
Twin Peaks, similar to Hooters, has a female server theme with servers dressed in revealing outfits. Founded in Texas in 2005, Twin Peaks boasts over 80 locations throughout the United States. It has very high sales, regularly clearing four to five million dollars in revenue.
Sports Bar Franchise Promotions
Sports bar franchises often have unique promotions and events to attract customers. For example:
- Buffalo Wild Wings features the “Blazing Challenge,” where customers must eat 12 spicy wings in six minutes. Successful participants receive a T-shirt and their photo on the wall of fame, while those who fail may not have a pleasant next few days.
Sports Bar Market Overview
In 2020, the global sports bar market was valued at over 23 billion dollars. This industry is expected to grow, with an estimated annual growth rate of 5.1% between 2021 and 2028.
Conclusion
If you are interested in a sports bar franchise, you should already have access to a significant amount of capital or be backed by friends and family with substantial resources. Additionally, you may need to leverage through a million-dollar-plus SBA loan.
