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50. T.G.I. Fridays

Last Year's Rank: 49

Investment Range: Over $1 Million

Category: Restaurant

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Company Description

TGI Fridays is a full-service restaurant and bar chain that specializes in American cuisine and has locations all over the world. It is held by Sentinel Capital Partners, an investment firm out of New York. Sentinel purchased the chain from Carlson Companies in 2014. The company has more than 900 restaurants in 60 countries.

Friday’s is currently only looking for franchisees interested in multi-unit restaurant development (at least three units). In an effort to appeal to millennials, the company recently revamped their Corpus Christi location to ditch the red and white awnings in lieu of a sleeker approach. Based on the sales the company is experiencing in this location, CMO Brian Gies said that the likelihood is high that all T.G.I. Friday’s will adopt this new design in the future.

Company Statistics

Global Sales: $2,675,000,000*

US Units: 469

International Units: 428

Total Units: 897

Percent Franchised: 94%

% International Units: 48%

US Franchised Units: 415

International Franchised Units: 428

Sales Growth %: -1.8%

Unit Growth %: -1.2%

*Franchise Times Estimate

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