Friendly's Restaurants Franchise LLC
At a Glance
Products & Services: Family-style restaurant/ice cream shop
Number of Locations: 492
Total Investment: $147.6K - 1.98M
Founded: 1935
Began Franchising: 1996
Private Owned
About Friendly's Restaurants Franchise LLC
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.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 239 | 0 | 0 | 253 |
| 2010 | 198 | 0 | 0 | 304 |
| 2009 | 195 | 0 | 0 | 309 |
| 2008 | 193 | 0 | 0 | 312 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Florida, Maryland, North Carolina, Northeast, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Southeast, Virginia.
Florida, Maryland, North Carolina, Northeast, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Southeast, Virginia.
Startup Costs, Ongoing Fees and Financing
Total Investment: $147,600 - $1,979,350
Franchise Fee: $15,000 - $35,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years, renewable
Franchise Fee: $15,000 - $35,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $1,500,000
Liquid Cash Available: $650,000
Operations
72% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 12 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations,
Marketing Support: Ad slicks, National media,
Other marketing support: Grand opening campaign
Franchise Ranking History
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