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Updated RecentlyFriendly's Restaurants Franchise
Family restaurant
In Springfield, Massachusetts at the height of the Great Depression in 1935, 20 year-old Prestley Blake and his 18 year-old brother Curtis opened an ice cream shop called 'Friendly' that served double-dip cones for 5 cents. The brothers opened a second shop five years later in West Springfield, Massachusetts and added food to the menu. Within a decade, locations opened throughout western Massachusetts and Connecticut. In 1988 Donald N. Smith, the company's current CEO, purchased the company and a year later added an 's' to the name, making it 'Friendly's.'
In May 2000, Friendly's introduced a new food and dessert menu featuring colossal burgers, sandwich wraps, splits, sundaes and Cyclones. Friendly's produces 10 million snack cups and 230,000 gallons of fudge every year. In addition to its restaurants and cafes, Friendly's manufactures a complete line of frozen desserts.
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How much does it cost to open a Friendly's Restaurants Franchise?
The investment required to open a Friendly's Restaurants Franchise is between $498,500-$1,950,000. There is an initial franchise fee of $30,000-$35,000 which grants you the license to run a business under the Friendly's Restaurants name.
Individual Unit Costs
- Initial Investment:
$498,500-$1,950,000 - Initial Franchise Fee:
$30,000-$35,000 - Royalty Fee:
4% - Advertising Fee:
3.5% - Term of Agreement:
20 years - Renewal Fee:
$5K
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Friendly's To Test Fast Casual Concept
Friendly's Ice Cream Corp. is throwing its hat into the increasingly competitive fast-casual ring.
The chain will test up to four Friendly's Express restaurants in Boston, Springfield, Mass., and Providence, R.I. next year, and hopes to begin opening as many as 50 of the fast-casual formats each ...
Friendly's Won't Let Tough Economic Times Get Families Down
As economic troubles cause families to pinch pennies, the restaurant industry is giving people a reason to eat out again with creative promotions and diverse options. And with hectic lifestyles and the back-to-school season in full force, the new trend comes right in time.
Friendly's ...
Franchise Owners Say They Support Friendly's
A group of franchise owners, in a letter yesterday to Friendly Ice Cream Corp. shareholders, have voiced their support for the company's restaurant operating system and for new CEO George Condos.
The Boston-based group, which represents 95 percent of Friendly's Ice Cream Restaurant franchisees...
Friendly's Puts 2 & 2 Together With Create Your Own Entr�es Menu
Sirloin tips or fried shrimp? BBQ chicken or grilled flounder? For guests who just can't make up their minds, Friendly's offers the perfect solution: create your own perfect meal by choosing two entrees, adding two side dishes�and then topping it off with a free Happy Ending Sundae�.
"Friendly's ...
Friendly's Restaurants Announces Major Expansion In North Carolina
Friendly's Restaurants Franchise, Inc., one of America's most successful restaurant franchises, today announced that it will significantly expand its presence in North Carolina through a development agreement with established restaurateur Cliford E. Bullard, Jr.
Under the development agreement, B...
Friendly's Restaurants News & Press Releases
When did Friendly's Restaurants start Franchising? 1996
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2005 | 188 | 0 | 0 | 348 |
| 2004 | 178 | 0 | 0 | 361 |
| 2003 | 156 | 0 | 0 | 382 |
| 2002 | 158 | 0 | 0 | 392 |
| 2001 | 161 | 0 | 0 | 393 |
United States: Florida, Maryland, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Virginia,
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing
Ad slicks, National media
Franchisees required to buy multiple units/master licenses; 62% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Business Experience:
Your income potential as a Friendly's Restaurants Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for Friendly's Restaurants and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Friendly's Restaurants franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Friendly's Restaurants
Friendly's Restaurants Franchise Inc.
1855 Boston Rd.
Wilbraham,
MA
01095