Add Your Resume
4201 Marsh Lane
Carrolton, TX 75007
CEO: Nick Shepherd
T.G.I. Friday's is one of the largest restaurant chains in the nation. The Carlson Company announced in May 2014 it will sell the chain to Sentinel Capital Partners and TriArtisan Capital Partners. Financial terms of the transaction were not disclosed.
There are over 900 T.G.I. Friday's branded restaurants in 60 countries worldwide which includes includes T.G.I. Friday's, Friday's Front Row Sports Grill and Friday's American Bar. There are 566 restaurants in the U.S. in 44 states including 275 company-operated, 281 franchised and 10 licensed locations. There are 352 international restaurants.
T.G.I. Friday's is known for serving drinks, platters and dinners featuring steak, seafood and ribs in a fun environment. The chain has over 8,000 skilled bartenders.
The entire chain had $2.7 billion in revenue in 2013.
Loaded Potato Skins are the most popular appetizer in the chain along with the Jack Daniel's grilled entrees.
Sentinel, who will be TGI Fridays’ majority shareholder, has extensive restaurant and franchising investment experience and a demonstrated ability to create successful independent businesses through complex corporate carve outs. Sentinel has completed numerous acquisitions of both franchisors and franchisees, including Checkers/Rally’s, the largest franchisor and operator of dual drive-thru hamburger QSRs in the United States; Newk’s Eatery, a rapidly growing fast-casual concept in the Southeast United States; Falcon Holdings, the largest franchisee of Church's Chicken restaurants; Huddle House, a leading franchisor of family dining restaurants in the Southeast; Massage Envy, the nation’s largest provider and franchisor of therapeutic massage and spa services; and Southern California Pizza Company, a 223-unit Pizza Hut franchisee operating in the greater Los Angeles market.
The first T.G.I. Friday's restaurant was
founded by Alan Stillman and opened in 1965. The restaurant was
located at First Avenue and 63rd Street in New York City. It
featured red and white stripes, a blue exterior and its name
-- T.G.I. Friday's. Inside were wooden floors, Tiffany-style
lamps, bentwood chairs and striped tablecloths. The bar area,
with its brass rails and stained glass, contributed to the classic
ambiance. To obtain the signature T.G.I. Friday's interior décor,
a full-time antique "picker" traveled extensively to
auctions and flea markets. Memorabilia had to be authentic and,
if possible, unique to the area where the new restaurant was
located. In a Nashville warehouse, this "clutter" was
restored before being loaded on a truck bound for the next T.G.I.
Friday's restaurant opening.
The New York T.G.I. Friday's location enjoyed
immediate and spectacular success. First year revenues totaled
$1 million. The Upper East Side Manhattan restaurant had become
THE meeting place for single adults. In fact, according to Newsweek
and The Saturday Evening Post, the opening of T.G.I. Friday's
restaurant heralded the dawn of the singles age.
Friday's restaurants have a long history
of innovation, including being credited with:
- Naming 'happy hour'.
- Inventing the Long Island Iced Tea and Loaded Potato Skins.
- Popularizing frozen and ice cream drinks.
- Pioneering non-alcoholic Smoothies and Flings in honor of the
1984 Summer Olympics in Los Angeles.
Over the past 40 years, Friday's restaurants have served over 191 million guests.
Carlson Restaurants Worldwide, parent company of TGI Friday's Inc., is a privately held company owned by Minneapolis-based Carlson, a world leader in the hospitality, travel and marketing industries.
In 2008, the company introduced Give Me More Stripes, a frequent customer loyalty program which was a first for the industry.
Benefits offered to restaurant employees
depending on full-time (FT) or part-time (PT) status:
Accidental Death & Dismemberment
(AD&D) - A Company paid benefit
of $4,000, if enrolled in the Medical Plan.
Credit Union - Savings or loans through easy payroll deductions.
Dental Plan - FT - Two plan offerings, for you and your
eligible dependents, including orthodontic care.
Dependent Care Spending Account - All - You can elect
to set aside up to $5,000, through pre-tax payroll deductions,
to pay for eligible dependent care expenses.
Disability, Short and/or Long Term (Voluntary) - FT -
Plan coverage for a medical disability.
Education Funding Program - All - Assistance in education
planning and support as well as information regarding various
private education financing programs.
401(k) Plan - All - After one year of service, elect to
participate in this pre-tax savings plan that offers a company
matching contribution and flexible investment options.
Health Care Spending Account - All - A pre-tax contribution
plan (annual max $3,000) that covers health care expenses not
otherwise reimbursable under the medical plans.
Leaves of Absence - FT - Because the Company cares, various
leaves such as medical, family, personal, etc. are available
Legal Solution Plan - FT - Through payroll deduction,
this program provides legal assistance with simple wills, debt
or traffic matters, personal injury, etc.
Life Insurance - FT - A Company paid benefit of $4,000,
if enrolled in the Medical Plan.
Life Universal (Voluntary) - FT - A portable insurance
policy that you own.
Meals, Discounted - All - A 25% dining discount upon hire
and 50% after 3 years of service at any Company or
participating franchise restaurant.
Medical Plan - FT - Two health care plan options to choose
from, to meet you and your family's health care needs; includes
Parking/Transit Spending Accounts - All - Pre-tax payroll
deductions to pay for your work transportation expenses such
as public parking, passes, tokens, farecards, etc.
Passport Program - FT After 6 months of service and certain
other eligibility requirements, employees can work in other restaurants
while travelling the country.
Payroll Deposit, Automatic - All - Your paychecks can
be deposited automatically to your bank account at no extra cost
Tuition Reimbursement - FT - After 90 days of service,
the company will reimburse up to $1,000 per year (based on grades)
for college courses.
Vacation - FT - One, two, three or four weeks of
vacation depending on anniversary date.
Vision Care Plan - FT - Discounted coverage for a wide
range of services such as eye exams, eyeglasses, contact lenses,
Updated May 30, 2014