TGI Fridays Signed New York Expansion Deal

The restaurant chain has partnered with Bliss Bites LLC to open five new locations across New York.

Updated on Sept. 29, 2026 in Dining Out

TGI Fridays Signed New York Expansion Deal

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TGI Fridays has finalized a development agreement to open five new restaurants in New York over the next three years. Additionally, the franchisee Bliss Bites LLC has acquired an existing corporate-owned TGI Fridays location in Central Islip.

Why it matters

The move represents the first domestic development agreement for TGI Fridays in more than a decade. It is a key component of the company's 1-2-3 Strategic Vision growth plan as it works to recover following a November 2024 bankruptcy filing.

The agreement covers five new locations over a three-year period, supplementing the six total New York sites now held by Bliss Bites LLC. The company targets reaching 1,000 global units and $2 billion in annual revenue by 2030.

The players

TGI Fridays

This casual dining restaurant chain has operated globally since its founding in 1965.

Bliss Bites LLC

This franchisee group has expanded its portfolio to include six total TGI Fridays locations in New York.

The details

The expansion signals a shift in strategy for the brand, which currently operates in 40 countries since its founding in 1965. Bliss Bites LLC will manage the new sites as part of the broader effort to revitalize the chain following recent financial restructuring.

TGI Fridays was founded in 1965.
The company declared bankruptcy in November 2024.
The 1-2-3 Strategic Vision plan was announced at the beginning of 2026.
Five new restaurants will open over the next three years.
The company aims to meet its growth and revenue goals by 2030.

Culture Shift

This expansion reflects a broader trend of legacy casual dining brands leveraging franchise agreements to stabilize operations after significant financial downturns. It marks a transition away from corporate-owned models toward regional franchise management to achieve aggressive scale.

Residents in New York can expect the opening of five additional TGI Fridays locations over the next three years. This growth may lead to increased local job opportunities and expanded access to the chain's menu options in the state.

The takeaway

The agreement highlights the effort to revitalize a long-standing brand through localized franchise growth. Consumers may see more stability in their local dining options as the chain moves toward its 2030 expansion goals.