The Carrollton, Texas-based TGI Fridays has completed two transactions that will turn 32 company-owned Florida restaurants over to franchisees. The 16 TGI Fridays restaurants in the Miami and Fort Lauderdale area have been purchased by existing Fridays franchise partner Jackmont Hospitality Inc. and the 16 restaurants in Orlando have been purchased by JIB Management Inc., a new franchise partner. Together, these two transactions keep Fridays on track to refranchise nearly all of its corporate-owned restaurants this year. Based in Atlanta, Jackmont Hospitality doubles their TGI Fridays portfolio with the purchase of the 16 Florida locations and two additional locations in Charlotte, North Carolina. “We’ve had great success operating Fridays restaurants for two decades, and our confidence in the future of the brand made this a great step forward,” said Jackmont Hospitality CEO Daniel Halpern. The Fremont, California-based JIB Management is an experienced franchisee, who brings decades of experience owning and operating over 300 Jack in the Box, Denny’s, Corner Bakery, El Pollo Loco and Sizzler’s restaurants in Texas, Northern California and the Southeast U.S. JIB Management President, CEO Anil Yadav said, “We see significant potential in the brand, and we look forward to helping further build Fridays in the markets where we will operate.” Both companies’ agreements include plans to reimage a significant number of their acquired restaurants and to open new Friday’s restaurants in their markets. Featuring authentic American food and specialty drinks, TGI Fridays counts over 900 casual dining bar and grill restaurants in nearly 60 countries.
CATEGORY: Casual Bar & Grill
Chain Name: TGI Friday’s
Company Name: Carlson Restaurants/T.G.I. Fridays
Street Address: 4201 Marsh Lane, Carrollton, Texas 75007
Tel: 972/662-5400 Fax:
Email: [email protected] & [email protected] Website: www.tgifridays.com
Menu Specialty: Premium Black Angus steaks, ribs, seafood, soups, salads, chicken & pastas, burgers, sandwiches, desserts, etc.
Introduced: In New York City in 1965 by Alan Stillman
No. of Locations: Over 900 restaurants in 60 countries
Areas of Operation: Worldwide
Types of Location: Freestanding on two acres or larger, or at major regional mall of at least 1-million sq.ft.
BusinessType (corp., franchise, jv): Franchise
Size Req’d: 7000 to 9000 sq. ft., seating for 280 to 320 people,
Special Requirements (patio, drive-thru, etc): High profile, hig traffic, 300,000 or more people withing14-minute drive time, daytime population of 65,000 or more within three miles, near retail, theatres, other restaurants.
Contact Name: Nick Shepherd – President, CEO, Carlson Restaurants
Tom Kurrikoff – Exec Vice President, CFO, Carlson Restaurants
Ricky Richardson – President, COO, TGI Fridays USA
Ian Saunders - President, COO, TGI Fridays International
Lee Sanders – Exec Vice President, Chief Development Offices, Carlson Restaurants
Anne Varano – Sen Vice President, Chief People Officer, Carlson Restaurants
Don Vietti – Sen Vice President, Chief Information Officer
REAL ESTATE REPRESENTATIVES:
FRANCHISE REPRESENTATIVES:
PARENT COMPANY: Carlson, 701 Carlson Pkwy, Minnetonka, Minnesota 55305 (tel: 763/212-5000)
Related Chains: Carlson Rezidor Hotel Group, Carlson Wagonlit Travel
Last Report: Restaurant & QSR Expansion Report #136 Last Update:
NOTES, NAMES & NUMBERS:
CATEGORY: Casual Bar & Grill
Chain Name: TGI Friday’s
Company Name: Jackmont Hospitality Inc. (Franchisee)
Street Address: 1760 Peachtree St., Suite 200, Atlanta, Georgia 30309
Tel: 404/523-5744 Fax: 404/523-8006
Email: Website: www.jackmont.com
Menu Specialty: Premium Black Angus steaks, ribs, seafood, soups, salads, chicken & pastas, burgers, sandwiches, desserts, etc
Introduced: TGI Friday’s was introduced in New York City in 1965 by Alan Stillman. Maynard H. Jackson Jr., Brooke Jackson Edmond and Daniel Halpern formed Jackmont Hospitality in 1994 as a full service foodservice management company. Jackmont Hospitality became a TGI Friday’s franchisee in 1996 operating the restaurant at Atlanta International Airport.
No. of Locations: Over 35 in Georgia, Florida, Maryland, Pennsylvania, South Carolina and Washington DC.
Areas of Operation:
Types of Location: Freestanding on two acres or larger, or at major regional mall of at least 1-million sq.ft.
BusinessType (corp., franchise, jv):
Size Req’d: 7000 to 9000 sq. ft., seating for 280 to 320 people & Airport concessions
Special Requirements (patio, drive-thru, etc):
Contact Name: Valerie Richardson Jackson – Chairman, Principal
Daniel Halpern – CEO, Co-founder
Brook Jackson Edmond – Exec Vice President, Co-founder
Jeff Ritson – President, COO
Brenda Branch – Sen. Vice President Administration
Dina Bright – Vice President, Finance
Craig Hacklander – Vice President, Operations
Charlye Batten – Director, Human Resources
John Faison – Director, Operations
Charles Fleming Jr – Director of Operations
Jim Knight – Facilities & Construction Manager
Indras Whittaker – Marketing Director
REAL ESTATE REPRESENTATIVES:
FRANCHISE REPRESENTATIVES:
PARENT COMPANY: Jackmont Hospitality Inc., Atlanta, Georgia
Related Chains: One Flew South
Last Report: Restaurant & QSR Expansion Report #136 Last Update:
NOTES, NAMES & NUMBERS:
CATEGORY: Casual Bar & Grill
Chain Name: TGI Friday’s
Company Name: JIB Management Inc. (Franchisee)
Street Address: 3550 Mowry Ave., Suite 301, Fremont, California 94538
Tel: 510/792-3393 Fax: 510/792-3350
Email: Website: www.jibmanagement.com
Menu Specialty: Premium Black Angus steaks, ribs, seafood, soups, salads, chicken & pastas, burgers, sandwiches, desserts, etc
Introduced: TGI Friday’s was introduced in New York City in 1965 by Alan Stillman. Operating since 1989, JIB Management acquired 16 TGI Friday’s restaurants in May 2015.
No. of Locations: 16 TGI Friday’s in the Orlando, Florida area.
Areas of Operation:
Types of Location: Freestanding on two acres or larger, or at major regional mall of at least 1-million sq.ft.
BusinessType (corp., franchise, jv):
Size Req’d: 7000 to 9000 sq. ft., seating for 280 to 320 people,
Special Requirements (patio, drive-thru, etc):
Contact Name: Anil Yadav - President, CEO
REAL ESTATE REPRESENTATIVES:
FRANCHISE REPRESENTATIVES:
PARENT COMPANY: JIB Management Inc. , Fremont, California
Related Chains: Operates 220 Jack in the Box restaurants, 71 Denny’s, four Sizzler’s, five Corner Bakery and six Corner Bakery, El Pollo Loco restaurants.
Last Report: Restaurant & QSR Expansion Report #136 Last Update:
NOTES, NAMES & NUMBERS: