Home > Franchises > Friendly's Restaurants Franchise Inc.

Friendly's Restaurants Franchise Inc.

A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.

Located in Springfield, Massachusetts at the height of the Great Depression in 1935, 20 year-old Prestley Blake and Curtis, his 18 year-old brother opened an ice cream shop named Friendly that served double dip cones costing 5 cents. The brothers opened a second shop five years later in West Springfield, Massachusetts and added food to the menu. In a decade, locations opened right through western Massachusetts and Connecticut. In 1988 Donald N. Smith, the company's current CEO, chief executive officer purchased the company and a year later added an s to the name, making it Friendly’s.

Their costs and fees include a total investment of 500.3 thousand to 2.13 million dollars, franchise fee of 30 to 35 thousand dollars, ongoing royalty fee of 4 percent, term of agreement of 20 years and a renewable fee of 5 thousand dollars. According to the rankings in Entrepreneur magazine 2002 2006, they ranked number 59 in the year 2002. They also ranked in the top 100 Restaurant Chains by Nations Restaurant News and in the top 200 franchises by Entrepreneur and Franchise Times.

Friendly's are committed to share their growth and future with their clients. With all the continuous hard efforts of all the members of the firm has made it one of the best in the business and has helped them reach to the pinnacle where others can only imagine of reaching. Customer support is one of their primary objective and they strive very hard to fulfill this objective.

Back to Franchises