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

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
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.

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
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
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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, Lease Negotiation
Marketing Support: Ad slicks, National media,
Other marketing support: Grand opening campaign

Franchise Ranking History

Franchise 500®: #105 (2011), #249 (2010),