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TGI Friday's Hospitality Worldwide
7540 LBJ Fwy., # 100
Dallas, TX 75251
800#: (800) FRIDAYS
Tel: (972) 450-5400
Fax: (972) 450-5784
E-Mail:
Web Site: www.tgifridays.com
Contact: Mr. Charles R. Foster, SVP International Development
Casual-theme, full-service restaurants.
Franchisor Background
| Established: |
1965; |
First Franchise: |
1970 |
| Franchise Units: |
296 |
| Company-Owned Units: |
161 |
| Total Units: |
457 |
Distribution:
U.S. -- 363;
Canada -- 1;
International -- 93
> North America -- Operations in 45 States
> States/Provinces with Greatest Density: 31 in CA, 30 in TX, 25 in OH
|
| Projected New Units Over Next 12 months: 100+ |
| Franchisee Qualifications: 5, 4, 5, 3, 5, 5
(for an explanation
click here) |
| Registered in Following Registration States: All States |
| Average Number of Employees: 100-125 (FT = Full Time, PT = Part Time) |
| Space Needs: 6,800 SF; FS
(for abbreviations click here) |
Financial Requirements
| Cash Investment: |
$1MM |
|
| Total Investment: |
$1.7-4MM; |
|
Average Total Investment: |
$2850K |
|
| Minimum Net Worth: |
$3MM |
|
| Fees: |
Franchise: |
$75K; |
Average Franchise Fee: |
$75K |
|
Royalty: |
4% |
|
Advertising: |
2-4% |
| Provide Earning Claim Statement: Yes
|
Terms of Contract
| Term of Contract (Years): |
20/Varies |
| Passive Ownership: |
Discouraged |
| Encourage Conversions: |
Yes |
| Area Development Agreements: |
Yes/5 |
| Sub-Franchising Contracts: |
No |
| Expand In Territory: |
Yes |
Franchisor Support and Training Provided
| Financial Assistance: |
No (D = Direct; I = Indirect; B = Both) |
| Site Selection Assistance: |
No |
| Lease Negotiation Assistance: |
No |
| Cooperative Advertising: |
No |
| Franchisee Assoc. / Member: |
Yes/Yes |
| Size Of Corporate Staff: |
300+ |
| On-Going Support: |
b,c,d,e,h,I
(for an explanation click
here) |
| Training: |
2 Weeks in Dallas, TX. |
Franchisor's Specific Expansion Plans
| U.S.: |
All United States |
| Canada: |
All Canada |
| Overseas: |
All Countries |
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.