Jackmont Hospitality and JIB Management Purchase Florida TGI Fridays Restaurants

May 27, 2015

Fridays on Track to Refranchise Nearly All Corporate-Owned Locations in 2015

Carrollton, TX  (RestaurantNews.com)  Today TGI Fridays™ announced it has completed two separate transactions that will transition 32 company-owned Florida restaurants to franchise-owned locations.

The 16 Fridays restaurants in the Miami and Ft. Lauderdale area have been purchased by existing Fridays franchise partner Jackmont Hospitality, Inc. (“Jackmont”), and the 16 restaurants in Orlando have been purchased by JIB Management, Inc. (“JIB”), a new franchise partner for Fridays. Together, these two transactions keep Fridays on track to refranchise nearly all of its corporate-owned restaurants this year.

Jackmont, a veteran Fridays…