Franchimp Summary Rating
Higher than 94% of peers
Higher than 87% of peers
Franchise Summary
Description
The franchised business being offered is TGI Fridays, typically full-service restaurants that feature a specialized menu and full bar service.
Company Background
TGI Fridays is a restaurant in America and around the world, known for its wide variety of appetizers and entrees. It offers American classics like burgers, ribs, and wraps with a signature touch. The company's vision is to be the best casual dining restaurant experience in every neighborhood it serves.
Franchise Opportunity
Casual dining restaurants are a dime a dozen, and it can be hard to stand out in this competitive industry. With so many options available, it's no wonder that casual dining chains are struggling. In order to succeed, you need to offer something special that sets you apart from the competition. TGI Fridays is the solution. Our unique menu and full bar service offers something for everyone, making us the perfect choice for any occasion. Plus, our franchise opportunity gives you everything you need to get started in this exciting industry.
Corporate Structure
The franchisor is TGI Fridays Franchisor, LLC, a Delaware limited liability company, whose predecessor opened the first Fridays Restaurant under the current System in 1972.
Franchisee Attrition
This franchise's rate of attrition in 2020
of 31.15%
was
Much Higher
than the 8% in the Restaurants (Sit-Down) industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of TGI Fridays Franchisees
TGI Fridays Franchise System Development in 2024
FAQ
How much investment do I need to start my own TGI Fridays business?
Franchisees typically require at least $1,408,110 to $4,516,110 investment to get their TGI Fridays business started
What are the initial franchise fees for TGI Fridays?
Franchisees typically need to pay at least $50,000 in fees directly to TGI Fridays in order to earn the right to launch their business
How much money can I make with a TGI Fridays franchise? What are
the average revenues for a typical TGI Fridays business?
We haven’t done the math on how much revenue a typical
TGI Fridays brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
TGI Fridays to generate a similar amount
How long do I need to commit to running a TGI Fridays unit? What
is my contractual commitment?
TGI Fridays franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$1,408,110 to $4,516,110
which is
Much Higher
than the $0 to $0 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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