1851

LAST UPDATED:&nbsp;June 2023FRANCHISE WEBSITE:&nbsp;<a href="https://tgifridays.com/franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">https://tgifridays.com/franchise/</a>&nbsp;NUMBER OF LOCATIONS:&nbsp;900+REPORTED COST TO GET IN:&nbsp;UndisclosedREPORTED ROI (Item 19):&nbsp;UndisclosedTGI Friday’s is a bar-and-grill franchise concept that was established in 1965. When Alan Stillman launched the company, it was incredibly successful and one of the only places where young adults could be both relaxed and excited.&nbsp;TGI Friday’s offers franchises in the U.S. and internationally. Though there are hundreds of units established globally, the brand is taking on a rebrand of sorts, emphasizing its history as a bar. As such, it is seeking franchisees that have prior experience in the restaurant or food business and are interested in opening at least three locations in a relatively short time span.<h3>How Many TGI Friday’s Locations Are There?</h3>There are over 900 TGI Friday’s locations across 50 countries. As it grows and is refreshed, the brand is “<a href="https://usa.tgifridays.com/index.php/tgi-fridays-brand/our-heritage?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">embracing and celebrating [its] heritage as a bar. A bar that just happens to serve killer food in an environment that always feels like happy hour on a Friday afternoon.</a>”While the brand is working to expand, it is focusing on partnering with the right people and bringing ambitious owners into the network to grow in a healthy way.<h3>What Is the TGI Friday’s Business Model?</h3>TGI Friday’s leverages three primary location types: freestanding, mall and inline. While each has its own requirements, the larger strategy works to establish locations in high-traffic areas that are proximal to “evening and late-night generators.” By placing its units close to retail, movie theaters and other restaurant concepts, TGI Friday’s is able to leverage existing demand to grow its own customer base.The unique requirements of each site type are as follows:Freestanding<ul><li>Two or more acres</li><li>Complete building signage, pylon and monument direction signs</li><li>Excellent ingress and egress from primary frontage road</li></ul>Mall<ul><li>Major regional mall, defined as being one million or more square feet of Gross Leasable Area</li><li>Complete brand signage, interior/exterior directional signage and main pylon listing</li><li>Excellent ingress and egress from primary frontage road</li></ul>Inline<ul><li>Complete frontage signing, directional signs and blade signs as needed</li><li>Convenient access to site from parking, pedestrian and public transportation</li></ul><h3>How Much Can TGI Friday’s Franchise Owners Make?</h3>TGI Friday’s does not make its financial representations publicly available.&nbsp;<h3>How Much Does It Cost To Open a TGI Friday’s?</h3>TGI Friday’s does not publish investment specifics, but the&nbsp;<a href="https://usa.tgifridays.com/index.php/franchise-information/criteria?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">franchise development site</a> does note that prospective franchisees should have a net worth of at least $3 million with $1 million in liquidity.For prospective owners looking to re-franchise existing locations, the net worth and liquidity requirements are the same, and the franchisor notes “$500K per store acquired” and “$300K (liquid) per store acquired,” presumably noting the investment range should an owner choose to re-franchise a number of locations that would exceed the $3 million and $1 million (liquid) requirements.All franchisees are expected to be driven to develop at least three restaurants.<h3>What Is the Franchise Fee for TGI Friday’s?</h3>TGI Friday’s assesses a $50,000 franchise fee per restaurant.<h3>Who Is the Leadership of TGI Friday’s?</h3><ul><li><a href="https://www.linkedin.com/in/ray-blanchette-93208a9/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">Ray Blanchette — Chief Executive Officer and President</a></li><li><a href="https://www.linkedin.com/in/samuel-langley-6360042/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">Samuel Langley — Vice President of Information Technology</a></li><li><a href="https://www.linkedin.com/in/jennifer-adams-a9562933/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">Jennifer Adams — Director of Operations</a></li><li><a href="https://www.linkedin.com/in/kathleen-schloth-4344717/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">Kathleen Schloth — Chief Procurement Officer, Global Supply Chain and Licensing</a></li></ul><h3>What Helpful Articles Can I Read To Learn More?</h3><ul><li><a href="https://usa.tgifridays.com/index.php/franchise-information/support?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">TGI Fridays SM Franchise Support</a></li><li><a href="https://www.restaurantbusinessonline.com/financing/can-defranchising-save-tgi-fridays?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">Can defranchising save TGI Fridays?</a></li><li><a href="https://www.restaurantbusinessonline.com/operations/tgi-fridays-plans-major-expansion-asia?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data-2722651" target="_blank" rel="nofollow">TGI Fridays plans major expansion in Asia</a></li></ul>Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: TGI Friday’s Franchise Costs, Fees, Profit and Data

1851 Franchise

The over-50-year-old bar and grill franchise is growing across the U.S. and internationally as it works to refresh its brand image.

franchise-deep-dive-tgi-fridays-franchise-costs-fees-profit-and-data

Beansquad

Beyond the Books: BeanSquad’s Strategic Financial Guidance for Franchise Growth

beyond-the-books-beansquads-strategic-financial-guidance-for-franchise-growth

Jollibee

Executive Q&A: Beth Dela Cruz, President of JBM LLC, the franchisor of Jollibee in North America

executive-qa-beth-dela-cruz-president-of-jbm-llc-the-franchisor-of-jollibee-in-north-america

Top 5 Reasons Jollibee Is the Hottest Franchise Opportunity Right Now

top-5-reasons-jollibee-is-the-hottest-franchise-opportunity-right-now

Jollibee-Consumer-Positioning-Article-2025

Jollibee: Rising Star in Quick-Service Restaurants

jollibee-rising-star-in-quick-service-restaurants

Jollibee - Launch-Story-Franchise-Positioning-Article - 2025

Why Jollibee Is the $4.5 Million Average Goss Sales QSR Franchise Opportunity Entrepreneurs Can't Ignore in 2025

why-jollibee-is-the-45-million-average-goss-sales-qsr-franchise-opportunity-entrepreneurs-cant-ignore-in-2025

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Dave’s Hot Chicken Sold to Roark Capital in $1 Billion Deal to Fuel Global Expansion

daves-hot-chicken-sold-to-roark-capital-in-1-billion-deal-to-fuel-global-expansion

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises - 1851 Franchise

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises

homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises

District Taco Franchise Costs, Fees, Profit and Data for 2025

franchise-deep-dive-district-tacos-franchise-costs-fees-profit-and-data

911 Restoration Franchise Costs, Fees, Profit and Data for 2025

911-restoration-franchise-deep-dive

Photo of Happinest Brands vans and teams standing together

Happinest Brands Closes Strong Q1 With Strategic Growth, System-Wide Enhancements

happinest-brands-q1-2025-growth

Bringing Robots to Main Street: How Elad Inbar’s RobotLAB Franchise Is Powering the Local AI Revolution

bringing-robots-to-main-street-how-elad-inbars-robotlab-franchise-is-powering-the-local-ai-revolution

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

paris-baguette-franchise-rockaway-new-jersey-vishal-junjea

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

From Personal Care to Purpose-Driven Business: Why This Couple Is Bringing Griswold to Houston

from-personal-care-to-purpose-driven-business-why-this-couple-is-bringing-griswold-to-houston

Franchise Deep Dive: TGI Friday’s Franchise Costs, Fees, Profit and Data

MORE STORIES LIKE THIS