TGI Fridays is a casual dining franchise with over 800 locations in the United States and internationally, known for its trademark bar and grill.
Restaurant and Food
About TGI Friday's
TGI Fridays is a large casual dining franchise with locations throughout the United States as well as a strong international presence. TGI Fridays restaurants aim to create a friendly, casual atmosphere where customers can enjoy good food and drinks while socializing. The restaurants typically include a bar, a selection of on-the-grill items, salads, soups, sandwiches and desserts. The menu includes low-carb and gluten-free options, as well as a kids menu. Locations offer take-out, as well as party platters for large groups. The company prides itself on using high-quality, fresh ingredients, including top-shelf alcohol products, mixers and garnishes for its bars.
1969 (56 years)
140
$2,582,975
Franchise Fees
$50,000
4.0% - 4.75%
Gross Sales
1.5%
Gross Sales
Why TGI Friday's?
Operating since 1965, TGI Fridays is a well-established brand with worldwide name recognition due to its presence in 55 countries. The brand has over 50 years of experience and has shown it has the ability to adapt to changing tastes and markets while retaining its core identity as a casual yet high-quality bar and grill. The chain regularly updates and expands its menu. It has also recently introduced and is currently implementing a décor update to reflect more contemporary tastes.
The company offers its franchisees a wide range of guidance and support before and after opening. In addition to benefitting from brand recognition, franchisees also take advantage of participating in the company's national and regional marketing programs, as well as its digital marketing program.
Ideal Candidate
TGI Fridays is a high-capital franchise, requiring a net worth of at least $3 million and liquid capital of at least $1 million. The company estimates an investment range of $2,596,000 - $2,835,000. Currently, the company is looking for United States franchisees who can commit to opening at least three locations; this requirement may change in the future.
TGI Fridays is also accepting applications for international franchising. It requires a successful track record running any type of restaurant, from casual to fine dining. Franchisees should have a detailed market plan and proven financial ability to open five restaurants in five years. Prospective franchisees should have strong knowledge of local real estate, understand what they will need to develop the brand and be able to appeal to the local customer base.
$2,596,000 - $3,835,000
$1,000,000
$3,000,000
