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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
4% royalty + 1.5% national ad fund + $420/mo IT service + $25/mo Medallia + $21/mo iPad rental (if applicable)
Franchise Stats
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 to Other Casual Dining Franchises
Key Insights
- Higher investment than 84% of Casual Dining franchises
- Top 10 largest franchise system in Casual Dining
- One of the lowest SBA loan default rates in Casual Dining
| Franchise | Investment Range | Franchise 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 43 franchises | $1.6M - $3.6M | $44K | 4.6% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 43 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
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a TGI FRIDAYS franchise?
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.
How many TGI FRIDAYS franchise locations are there?
As of the 2024 FDD, TGI FRIDAYS has 129 franchise locations. The company has been franchising since 1978.
Can you get an SBA loan for a TGI FRIDAYS franchise?
Yes, SBA loans are available for TGI FRIDAYS franchises. Historical data shows 3 SBA 7(a) loans have been approved for TGI FRIDAYS franchisees, with an average loan amount of $1,190,667. The historical default rate is 0.0%.
Is TGI FRIDAYS a good franchise to buy?
TGI FRIDAYS shows several positive indicators: established brand with 129+ locations, low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in TGI FRIDAYS?
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