- Ringwood, VIC
- $600,000
TGI Fridays
TGI Fridays
- Industry:
- Burger franchises
- Business established:
- 1965
- Total business units:
- Almost 600 globally, 19 in Australia
There is only one TGI Fridays.
With almost 600 restaurants across 50 countries, TGI Fridays enjoys pop-culture status, with amazing brand awareness in the Australian Market. Pioneering the “Future Fridays” concept TGI Fridays Australia has led the charge in evolving TGI Fridays to suit the modern market whilst retaining the essential Fridays Feeling With a cocktail menu that has defined the bar landscape since its inception and a classic American inspired menu fresh from the grill, TGI Fridays continue to innovate and dominate the global market Own a part of the largest American Bar & Restaurant group in the world and embrace the heritage of.
Look forward to operating with the security of a global brand that has been growing since 1965. Enjoy working in an environment that is full of passion, fun and celebration, with an established Franchisor with over a decade of experience in operating successfully Hospitality offerings. Develop your skills through the support of a dedicated business coach and an array of specialised departments in the Support Office, ranging from IT services, to Design and Development.
Our Partnership
As a valued franchise partner in our national network, we deliver industry-best support, guidance and advice covering all aspects of your business:
- Development
– Site Selection
– Leasing
– Liquor Lincensing
– Venue Design & Development - Training
– Franchise Partner Training
– Staff Training
– Online Training Programs
– Staff Assessment & Certification - Operations
– Systems & Processes
– 24/7 Support
– Staffing & Recruitment
- Venue Assessment - Marketing
– Advertising
– Social Media
– MyFridays
– Product Development - Finance
– Accounts Payable
– Monthly Reporting
– Payroll Execution
- Supplier Procurement
Available Locations
At the time you submit your enquiry form, we will advise what opportunities are available for both existing sites and new sites throughout Australia.
We never compromise on the quality of the sites we secure, just as we never compromise on the quality of people we select to become our partners.
Generally there are three options for site selection:
- You may be granted the opportunity to franchise a site we have already secured
- You may be granted the opportunity to franchise an existing venue
- You may nominate a particular area on your application form or during the franchise recruitment process
Agreement terms: 5 + 5 year agreements
Initial investment: Starting at $400,000
Enquire today to discuss all of the areas and information in more detail. Download our Franchise Information Kit by clicking this link.
Marketing and digital:
Pre-Opening:
– Develop an effective launch plan
– Develop a list of organisations in the area & work to build relationships
– Design & production of marketing collateral
– Coordinate with landlord (if applicable) regarding the launch
Opening:
– Implement launch plan over the opening period, including entertainment, local advertising, PR, celebrities & activations to maximise exposure
– Assistance with the initial implementation of the local area marketing plan
Ongoing:
– Advertise the brand via direct marketing, online, print & radio
– Coordinate venue photography
– Development & administration of Loyalty Club (450,000+ members)
– Centralised management of digital presence & social media
– Drive ongoing public relations activities
– Manage function listings & promotions
– Promote & activate major events to drive patronage
– Identify & implement sponsorship opportunities at group & local
– Develop regular promotions focused on product, sports & entertainment
– Continuous product development & refinement to meet industry trends
– Develop regular specials to trial & develop new products
– Provide analysis & reporting to assess marketing campaigns
– National sponsorships of major clubs, like Collingwood Magpies
– In-house IT & AV Support
HR and L&D:
Pre-Opening:
– Training program developed & implemented for all key staff
– All venue staff trained prior to opening
– One staff member appointed as the ‘Venue Trainer’, responsible for weekly training of all venue staff
Opening:
– Facilitate training nights for all staff to work shifts in the venue prior to opening
– L&D team working in the venue with the team to refine training over the opening period
Ongoing:
– Monthly training days, refreshing and entrenching all elements of business operation
– Regular & continuous training of key staff members
– Comprehensive online training portal with detailed video modules for induction & training of all staff across all areas of the business
– Regular visits and communication by L&D team for new products, services and systems
– Ensure all new staff are inducted into the brand and trained appropriately to uphold high standards
– Digital recruitment and onboarding platform to streamline applications
– In-house recruitment team, to assist with lead generation and processing of applications
Financial reporting, accounts payable and payroll:
Pre-Opening:
– Develop detailed construction budget of new venue
– Assist in obtaining finance for venue, if required
– Work with operations to set budgets & forecast trade
– Set up entity structure, banking & merchant facilities & credit applications
Opening:
– Assist with cash flow & supplier management over opening period
– Provide guidance & advice to develop costed rosters for opening period
Ongoing:
– Accounts payable, bookkeeping & invoice administration completed for efficient review & approval by business
– Payroll execution based on business’ approved timesheets
– Cash flow management & advice
– Preparation of BAS
– Manage supplier relationships & negotiations regarding terms, discounts & credits
– Monthly reporting to facilitate business performance review & decisions
Design and property:
Pre-Opening:
– Lease Negotiation – Liquor License application & approval
– Venue design & documentation
– Development & building approvals
– Construction & contractor tender
– Project management of contractors for duration of fit out
– Initial stock orders – Landlord & health approvals for trade – Handover of venue to operations team ready for trade
Opening:
– Development Team on site at opening & immediately after to rectify any defects or plant & equpment issues over opening period
Ongoing:
– Complete project management services for any ongoing build or maintenance works to venue
Procurement and menu development:
– Regular tenders and QA of market leading supply partners to maximise group purchasing power
– Quarterly menu engineering to maximise profitable and popular products.
– Ongoing supply chain support and troubleshooting for stock shortages.
Upfront investment
- Franchise fee: $50,000
- Site/fit-out fee: $400,000 to $1,500,000
- Other: N/A
Ongoing fees
- Royalty: 8%
- Administration or management fee: 1%
- Marketing fees: 2.5%
- Other: N/A
At the end of the Franchise Agreement
- Transfer fee: N/A