TGI FRIDAYS
TGI Fridays operates full-service casual theme restaurants featuring a specialized menu of freshly prepared popular foods and full bar service in a distinctive atmosphere characterized by unique décor, recipes, and operational systems. The franchisor offers Development Agreements for developing multiple restaurants in defined territories and Franchise Agreements for operating individual TGI Fridays restaurants, including options for virtual restaurant participation via third-party delivery for test menu items. The target market primarily includes adults aged 21-49 in densely populated suburban or metropolitan areas near regional shopping centers.
Franchise Costs
4% royalty + 1.5% national ad fund + $420/mo IT service + $25/mo Medallia + $21/mo iPad rental (if applicable)
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
How TGI FRIDAYS Compares
Key Insights
- Higher than average SBA loan default rate in Casual Dining
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
TGI FRIDAYS Current | $2.7M – $4.1M | $50K | 4.0% | 129 |
| IHOP & INTERNATIONAL HOUSE OF PANCAKES | $1.8M – $4.5M | $69K | N/A | 1,703 |
| BUFFALO WILD WINGS | $2.5M – $4.9M | $25K | 5.0% | 538 |
| GOLDEN CORRAL STEAKS, BUFFET & BAKERY | $2.1M – $8.5M | $50K | 4.0% | 352 |
| GOLDEN CORRAL | $2.2M – $8.7M | $50K | 4.0% | 348 |
| ORIGINAL PANCAKE HOUSE (THE) | $483K – $1.7M | $60K | 2.0% | 146 |
Casual Dining Average 44 franchises | $1.5M – $3.5M | $43K | 4.6% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 44 Casual Dining franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
+14 more states
SBA Loan History
Historical SBA 7(a) loan data for TGI FRIDAYS franchisees (2011 – 2013)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
131 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
131 Contacts Available
Unlock all TGI FRIDAYS franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a TGI FRIDAYS franchise ranges from $2,721,000 to $4,051,000. This includes a franchise fee of $50,000. Ongoing royalty fees are 4.0% of gross sales.
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