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Below is an in-depth analysis and side-by-side comparison of T.G.I. Friday's vs Black Bear Diners including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $1,000,000 - $3,000,000 | $1,133,800 - $2,114,200 |
Franchise Fee | N/A | $55,000 |
Royalty Fee | - | 4.5% |
Advertising Fee | - | 1% |
Year Founded | 1965 | 1995 |
Year Franchised | 1988 | 2002 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | On-The-Job Training: 240 hours Additional Training: At certified training restaurants |
Support | - | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations | - | Number of Employees Required to Run: 65 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
T.G.I. Friday's restaurant brand is seeking franchisees with significant hospitality experience operating multiple restaurants. In addition the ideal candidate will exhibit the ability and have the infrastructure to implement as aggressive growth strategy.