TGI Fridays is analyzed based on our most recent FDD research!
TGI Fridays is an American restaurant chain focusing on casual dining.
TGI Fridays has a franchise fee of up to $50,000, with a overall upfront investment range from $2,596,000 to $3,835,000.
The upfront purchase price of any franchise opportunity includes many fees. Check out this franchise opportunity to better understand the initial costs required to buy an TGI Fridays, such as franchise fees, leasehold improvement costs, pre-opening advertising, and technology fees. It should be noted that, franchisors must to provide you with details about all upfront fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay.
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As with any new franchised business, the franchise owner's salary and the revenue from a TGI Fridays business depends on many factors. One way to confirm the potential revenues or profits earned from a TGI Fridays franchise investment is to review the franchisor's Item 19 within their FDD. Typically, profits and owner's salary are equitable to the size of the investment and number of locations you own. Demand for your products, the labor costs, commercial lease rates and several other variables also play a large role in your bottom line and your personal salary
For additional information and franchise specific on the revenue of an TGI Fridays franchise opportunity, unlock this franchise
As of the 2017 Franchise Disclosure Document, there are 415 franchised TGI Fridays locations throughout the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2017 FDD data, TGI Fridays has franchise locations in 39 states. There may be no locations in several states as each franchise plans their growth strategy differently. Certain states also require franchise companies to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to awarding franchise opportunities to residents in that state. These registration states have examiners review a franchise company's FDD to confirm it satisfies state regulatory requirements. In addition to registration states, additional states have enacted supplemental franchise or business opportunity laws that require franchise companies to file their franchise within the state. In most instances the filing is simply a notice with the state. Unlike franchise registration states, the franchise filing states do not review the FDD.
Based on our research TGI Fridays is expanding into new markets and might be available near you. While planning your franchise purchase, you always need to be considering what is a good location for my business. Review the potential customer base to assess that your city has a need or customers for this franchise. Even the most popular franchises have states that they are not successful in. The reasons why a specific franchised location can fail are plentiful. You need to analyze not only the franchised business itself, but review locations where you believe it has a more profitable opportunity.
One of our franchise advisors will have detailed knowledge about this franchise opportunity. Unlock to learn more and connect with our experts.
Last Reviewed: 2017
Yes, they have an initial training program of 668 hours. This includes 88 hours of classroom training, 580 hours of on-the-job training, and N/A hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
TGI Fridays does NOT offer territory protections. For an explanation of territory rights, unlock this franchise for important details.
No, TGI Fridays does NOT offer comprehensive support for franchisees.
They began franchising in 1978. The average Bar and Grill franchise began franchising in 2010.
No, but you can click here to fill out our affordability calculator and understand your financing options.