Get All Access for $5/mo

TGI Friday's Closes 36 'Underperforming' Restaurants in Surprising Shakeup. See if Your Local Friday's Is Affected The closures affect restaurants from coast-to-coast.

By Sam Silverman

Opinions expressed by Entrepreneur contributors are their own.

Photo by Yoon S. Byun/The Boston Globe via Getty Images
T.G.I. Friday's at 1626 Tremont St. is photographed in Boston, Mass.

TGI Friday's is abruptly closing 36 "underperforming" locations across the country.

According to a press release, the shakeup is a part of the company's "ongoing growth strategy." In the wake of the store closures, TGI Friday's is offering more than 1,000 transfer opportunities to 80% of impacted employees.

"Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we've identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise," said U.S. President and Chief Operating Officer at TGI Friday's Ray Risley in the release.

RELATED: SmileDirectClub Customers Speak Out After Company Ends Operations Without Warning

"By strengthening our franchise model and closing underperforming stores, we are creating an unprecedented opportunity for Fridays to drive forward its vision for the future."

Apart from the abrupt closures, the company announced that it's selling eight locations in the Northeast back to its former CEO Ray Blanchette, who served as CEO for five years until his departure in May 2023, per CNN.

"Mr. Blanchette brings an unmatched understanding of the TGI Fridays business and the restaurant's commitment to delivering excellence for guests. Following the finalization of the sale, Blanchette will lead the locations into a new phase of revitalization," the press release states.

RELATED: A Historic Cheese Shop in New York's Little Italy Is Closing After 130 Years in Business

TGI Friday's is privately owned by private equity firm TriArtisan Capital Advisors. According to CNN, the previously projected $1.6 billion sales in 2022.

Prior to the closures, the 60-year-old company had 270 U.S. locations.

The restaurant chain shared the full list of closures with CNN.

See the list here:

  • Fresno, California: 1077 E. Herndon Ave. 93720
  • Denver, Colorado: 8104 Northfield Blvd., 80238
  • Longmont, Colorado: 125 Ken Pratt Blvd., 80501
  • Newington, Connecticut: 3025 Berlin Turnpike, 06111
  • Ormond Beach, Florida: 24 Ocean Shore Blvd., 32176
  • Royal Palm, Florida: 580 N. State Road 7, 33411
  • Berlin/Marlbourough, Massachusetts: 601 Donald Lynch Blvd., 01752
  • Danvers, Massachusetts: 49 NewbuQry St., 01923
  • Dedham, Massachusetts: 750 Providence Hwy, 02026
  • Mansfield, Massachusetts: 280 School St. Suite A100, 02048
  • North Attleboro, Massachusetts: 1385 S. Washington St., 02760
  • Seekonk, Massachusetts: 1105 Fall River Ave., 02771
  • Bowie, Maryland: 15207 Major Lansdale Blvd., 20716
  • Columbia, Maryland: 8330 Benson Dr., 21045
  • Amherst, New Hampshire: 124 NH-101A Ste. 28, 03031
  • Eatontown, New Jersey: 180 NJ-35 Ste. 6000, 07724
  • Hacksensack, New Jersey: 411 Hackensack Ave., 07601
  • Iselin/Woodbridge, New Jersey: 401 Gill Ln., 08830
  • Malrton, New Jersey: 970 Rte. 73 N., 08053
  • Princeton, New Jersey: 3535 US-1 #275, 08540
  • Springfield, New Jersey: 40 US-22, 07081
  • Wayne Town Center, New Jersey: 71 Route 23 South, 07470
  • Albany, New York: 1475 Western Ave, 12203
  • Bay Shore, New York: 1725 Sunrise Hwy., 11706
  • Hauppauge, New York: 3045 Expy Drive N., 11749
  • Massapequa, New York: 5204 Sunrise Hwy., 11762
  • Woodbury Township, New York: 5 Centre Dr., 10917
  • Willow Grove, Pennsylvania: 2500 W. Moreland Rd., 19090
  • Corpus Christi, Texas: 5217 S. Padre Island Dr., 78411
  • Houston Almeda, Texas: 12895 Gulf Fwy., 77034
  • North Arlington, Texas: 1524 N. Collins Street, 76011
  • The Woodlands, Texas: 1105 Lake Woodlands Dr., 77380
  • Fredericksburg, Virginia: 1160 Carl D Silver Pkwy, 22401
  • Manassas, Virginia: 7401 Sudley Rd., 20109
  • Springfield, Virginia: 6751-B Frontier Dr., 22150
  • Woodbridge/Potomac Mills, Virginia: 13237 Worth Ave., 22192
Sam Silverman

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found in The US Sun, Nicki Swift, In Touch Weekly, Life & Style and Health. She writes for our news team with a focus on investigating scandals. Her coverage and expertise span from business news, entrepreneurship, technology, and true crime, to the latest in entertainment and TV news. Sam is a graduate of Lehigh University and currently resides in NYC. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

I Left the Corporate World to Start a Chicken Coop Business — Here Are 3 Valuable Lessons I Learned Along the Way

Board meetings were traded for barnyards as a thriving new venture hatched.

Business News

'Passing By Wide Margins': Elon Musk Celebrates His 'Guaranteed Win' of the Highest Pay Package in U.S. Corporate History

Musk's Tesla pay package is almost 140 times higher than the annual pay of other high-performing CEOs.

Business News

Joey Chestnut Is Going From Nathan's to Netflix for a Competition 15 Years in the Making

Chestnut was banned from this year's Nathan's Hot Dog Eating Contest due to a "rival" contract. Now, he'll compete in a Netflix special instead.


Are Your Business's Local Listings Accurate and Up-to-Date? Here Are the Consequences You Could Face If Not.

Why accurate local listings are crucial for business success — and how to avoid the pitfalls of outdated information.

Money & Finance

Day Traders Often Ignore This One Topic At Their Peril

Boring things — like taxes — can sometimes be highly profitable.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.