Breadsmith Franchise
Friday, May 14, 2010 at 12:43AM Friendly's Restaurants
Family restaurant
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. In 1988 Donald N. Smith, the company's current CEO, purchased the company and a year later added an 's' to the name, making it 'Friendly's.'
In May 2000, Friendly's introduced a new food and dessert menu featuring colossal burgers, sandwich wraps, splits, sundaes and Cyclones. Friendly's produces 10 million snack cups and 230,000 USD gallons of fudge every year. In addition to its restaurants and cafes, Friendly's manufactures a complete line of frozen desserts.
Start-up Costs & Franchises Fees
What is the total cost to open a Friendly's Restaurants Franchises?
Total Cost: $498,500-$1,950,000 USD
Total Franchise Fees: $30,000 USD -$35,000 USD
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees:
Term of Agreement: 20 years
Franchise Agreement Renewal Fee: $5K
Contact Information for Friendly's Restaurants
|
Friendly's Restaurants Franchise Inc. |
Phone Number: (413)543-2400 |
Friendly's Restaurants In the Press
No results at this time.Historical Expansion
In what year did Friendly's Restaurants begin operations? 1935
When did Friendly's Restaurants begin selling franchises? 1996
Year United States Canada International Corporate 2005 188 0 0 348 2004 178 0 0 361 2003 156 0 0 382 2002 158 0 0 392 2001 161 0 0 393
Future Expansion
United States: Florida, Maryland, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Virginia,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Ad slicks, National media
Franchise Operation Restrictions
Franchise business owners required to buy multiple units/master licenses; 62% of all franchise business owners own more than one franchise location.
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Industry experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes