TGI Fridays Franchise

Thinking about joining one of the world’s most recognized restaurant brands? TGI Fridays offers a unique franchise opportunity in the restaurant industry. Known for its vibrant atmosphere, specialized menu, and excellent full-bar service, TGI Fridays continues to thrive in the casual dining sector.

TGI Fridays At A Glance

• Year Business Began: 1965
• Franchising Since: 1969
• Headquarters: Dallas, Texas
• Estimated Number of Units: 650

Investment Information

• Initial Franchise Fee: $50,000
• Total Estimated Investment: $2,721,000 - $4,326,000

Breakdown of Costs:

• Furniture, Decor, Equipment & Decor: $775,000 - $1,000,000
• Computer Systems: $73,500 - $91,000
• Opening Inventory: $35,000 - $60,000
• Hiring Expenses & Training: $65,000 - $200,000
• Liquor License: Varies
• Building & Improvements: $1,400,000 - $2,000,000
• Site Improvements: $175,000 - $500,000
• Developmental Costs: $65,000 - $100,000
• Insurance (3 months): $12,500 - $25,000
• Miscellaneous Costs: $10,000 - $100,000
• Additional Funds (3 months): $60,000 - $200,000

Other Fees

• Royalty Fee: 4% of gross sales
• Advertising and Promotion Obligation (APO): Up to 5% of gross sales
• National Advertising Fund: Currently 1.5% of gross sales
• Digital Marketing Fee: Currently 0% of gross sales

Training Overview

TGI Fridays offers a comprehensive training program including:

• Owner's Orientation Program: 2 days
• Management Training Program: 8-week in-store program
• Leadership that Rocks Seminar: 3 days
• Specialized training for kitchen managers and general managers
• New Store Opening Seminar for Trainers

Territory and Obligations

While the Franchise Agreement does not guarantee exclusive territory rights, franchisees must:

• Fully operate the restaurant following TGI Fridays guidelines
• Maintain sufficient inventories and adequately staff the restaurant
• Designate a principal owner to act as the operating principal

Term of Agreement and Renewal

The initial franchise term is 10 years, with the possibility of two successor terms of five years each if certain qualifications are met.

Financial Assistance

The franchisor does not offer direct or indirect financing, nor does it guarantee any notes, leases, or obligations of the franchisee.

Estimated Initial Investment

• Low: $2,721,000
• High: $4,326,000

Key Takeaways

• TGI Fridays is a globally recognized brand in the casual dining sector.
• The initial franchise fee is $50,000, with an estimated total investment ranging from $2.7 million to $4.3 million.
• A robust training program ensures franchisees are well-prepared to operate their restaurant.
• Franchisees must adhere to the brand's operational requirements, including maintaining sufficient inventory and staffing.

If you’re ready to bring the TGI Fridays experience to your community and join this well-established franchise, take the next step by downloading the franchise disclosure document (FDD) or filling out the free information request form on this page.