Casual dining chain TGI Fridays has entered into a development agreement with franchisee Bliss Bites to launch five new restaurant locations across the state of New York.
Under the arrangement, Bliss Bites will roll out the five new venues over a three-year timeframe.
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The operator has also taken ownership of an established TGI Fridays branch in Central Islip, New York, expanding its total regional estate to six outlets.
Bliss Bites owner and managing director Vinod Chand said: “TGI Fridays is an iconic, one-of-a-kind brand backed by an incredible team that celebrates its guests and takes real pride in Americana hospitality.
“Between our restaurant in Central Islip and the new locations we’re planning across New York, we’re building on a brand I already believe in, backed by the kind of corporate support that makes long-term growth possible. This is just the beginning.”
The transaction represents TGI Fridays first domestic development deal in over a decade, supporting its expansion strategy within the US market.
The agreement forms part of its “1-2-3 Strategic Vision“, a broader commercial roadmap targeting a global footprint of more than 1,000 locations and $2bn in yearly revenue by 2030.
TGI Fridays chief operating officer Ashley Kirkley said: “Growth only matters when it’s built with the right partners, and this five-restaurant development agreement is exactly what we envisioned for our “1-2-3 Strategic Vision”.
“We’re bringing passionate franchisees into the Fridays family, building in markets where this iconic brand belongs, and creating restaurants that deliver the energy, hospitality, and celebration our guests expect from Fridays.
“Guests are increasingly looking for casual dining that delivers real value without sacrificing experience, and Fridays is well positioned to meet that demand as we grow.
“New York is an important part of our domestic growth story, and we’re excited to welcome our newest franchisee.”
