T.G.I. Friday’s is a privately held restaurant franchise. International sales combine to over $2.5 billion each year, serving two million patrons. Though the majority of locations are in the United States, there are nearly 1,000 T.G.I. Friday’s around the world, including in 59 countries. Franchisees are required to have at least five years of experience in restaurant management.

T.G.I. Friday’s Franchise Opportunities - History

In 1965, with just $10,000, Alan Stillman, a perfume salesman, opened the first T.G.I. Friday’s in New York City to recreate a cocktail party setting in a public place. Over time, the company has evolved to become more of a dining environment than the single’s bar it started as. It began franchising in 1988.

How Much Does A T.G.I? Friday’s Franchise Cost?

In the United States, the total investment in a T.G.I. Friday’s is between $2 – 6 million, hence franchisees must have a net worth of at least $6 million. Amounts differ for international franchisees, but estimates can be obtained by contacting T.G.I. Friday’s. We do not currently know the average franchise income.

T.G.I. Friday’s Business Opportunities: Other Information

TGI Friday’s Franchise owners must provide financial statements, a 5-year marketing plan, and have an understanding of the local market in which they are looking to open up. T.G.I. Friday’s offers to help franchisees by providing support with market planning, project management, site selection, and brand standard guidelines. T.G.I. Friday licenses itself to Heinz. Heinz uses the name to sell frozen foods in grocery stores.