Woody's was started by the Meyer family in 1987 in Honolulu, Hawaii, as a special events concession company.

These locations included the Bishop Museum, Dole Food Company, Dole Pineapple Cannery, Pay-N-Pak, Scofield, Hickam, Pearl Harbor, Camp Smith, Tripler Hospital, Hawaii Maritime Museum, Waikiki and Royal Hawaiian Shopping Center.

Within a year, Eagle offered Woody's the rights to open franchises in new stores in Colorado, California, Nevada and Arizona.

Woody's has had a drastic decline in franchised locations in the last five years due to the economic recession.

In 2018, nearly all of their locations are closed, peaking at 86 after stating on their website Lowe's "awarded 300 to developing stores in the west" in the early 2000s.