Hooters on the block for up to $250 million

Hooters, the US restaurant chain famous for its buxom, scantily clad waitresses, is up for sale for as much as $250 million, according to reports.

The company has hired North Point Advisors, a San Francisco investment bank, to advise on the possible sale and is approaching potential private equity buyers, the New York Post said.

Hooters’ chain of 450 owned and franchised “breast-aurants”, which stretches from the company’s Atlanta base to Nottinham in the UK, made more than $1 billion of sales in 2008.

More recent sales figures were not available for the closely held company, which is likely to have been hit as the recession forced customers to cut back on beer and chicken wings.

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