Hooters, a restaurant chain known for its wings and scantily clad waitresses, is up for sale. The New York Postreports that the chain of 450 restaurants could sell for as much as $250 million.
An asking price couldn't be learned, and North Point Advisors, a San Francisco-based investment bank that Hooters has hired, didn't respond to requests for comment. A Hooters spokeswoman couldn't be reached yesterday.
Some analysts estimate the chain might fetch more than $250 million despite the bumpy business climate. Hooters' 450 owned and franchised restaurants, which are as far-flung as Australia and China, racked up more than $1 billion in sales in 2008, according to Technomic, a food-industry research firm.
The New York Post article also says the restaurant struggled during the recession and experienced steep sales declines.
The restaurant chain will go under the spotlight in an upcoming episode of Undercover Boss, a CBS reality tv show. Take a look:
Hooters, a restaurant chain known for its wings and scantily clad waitresses, is up for sale. The New York Post 
