TGI Friday's Franchise Opportunities
TGI Friday's franchise represents an iconic brand that is experiencing a new wave of popularity nowadays. The company is owned by a partnership of franchisees with the National A&W Franchisees Association among them. This means that starting a TGI Friday's franchise you will get the experience of a mature franchisor as well as their support and assistance. TGI Friday's provides restaurant franchise opportunities and specializes in serving quality fast food, including appetizers, salads, sandwiches, pasta, etc. Read the TGI Friday's franchise investment information as well as fees, cost and profit totals and the franchise requirements, to know how to open a TGI Friday's franchise.
How to open a TGI Friday's franchise?
- Ensure you have adequate capitalization.
In order to open a TGI Friday's restaurant franchise, you must have a net worth of more than $3,000,000. - Appreciate the investment required for a restaurant franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. - Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a TGI Friday's casual dining franchise owner. - Assess market availability.
You will want to look at the market availability for TGI Friday's franchises and see if there are available markets in your location of interest before proceeding with the franchising application. - Submit your application.
Your application will be reviewed by the TGI Friday's franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. - Receive approval & opening your TGI Friday's franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does TGI Friday's franchise cost?
TGI Friday's has the franchise fee of up to $50,000, with a total initial investment range of $2,596,000 to $3,835,000.
Initial Investment: $2,596,000 - $3,835,000
Net-worth Requirement: $3,000,000
Ongoing Fees
Initial Franchise Fee: $50,000
Ongoing Royalty Fee: 4%
TGI Friday's Franchise Profit
The franchisor does not disclose the information about financial prospects for TGI Friday's franchises. However, it is likely that the profit is high, as there are already numerous units, and the brand continues to grow. The amount of profit depends on several factors, such as location, customer flow, and the sum of expenses. The most important factors are the franchisee's management style and effort. All franchisees and their managers must complete training in order to learn how to successfully operate a TGI Friday’s restaurant.
Initial Investment and Startup Costs
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Furniture, Equipment & Decor | $825,000 | $1,000,000 |
| Computer Systems | $83,500 | $100,000 |
| Opening Inventory | $35,000 | $60,000 |
| Hiring Expenses; Training | $65,000 | $200,000 |
| Liquor License | Varies | |
| Building & Improvements | $1,300,000 | $1,750,000 |
| Site Improvements | $100,000 | $350,000 |
| Developmental Costs | $65,000 | $100,000 |
| Insurance (3 months) | $12,500 | $25,000 |
| Miscellaneous Costs | $10,000 | $100,000 |
| Additional Funds (3 months) | $50,000 | $100,000 |
| ESTIMATED TOTAL (for a 6,200 sq. ft. to 6,800 sq. ft. restaurant) | $2,596,000 | $3,835,000 |
TGI Friday's Franchise Info: https://www.tgifridays.com/franchise
-
Starting investments from:$2,596,000
-
Company type:Restaurant
- Company foundation year:1965
- Year of launching the franchise:1969
- Franchise enterprises:870
- Corporate Address:Dallas, Texas