International Expansion TGI Fridays recently appointed a new President of International Franchising, indicating a focus on expanding its presence globally. This presents an opportunity for sales professionals to explore partnership and franchise opportunities in new markets.
Financial Restructuring With TGI Fridays entering Chapter 11 bankruptcy proceedings, there may be opportunities for sales professionals to offer financial solutions or services to support the company during this restructuring phase. Providing tailored financial products could be beneficial.
Market Exit Strategies The closure of TGI Fridays offices in various locations like South Korea, the UK, and the US presents a chance for sales development representatives to offer consulting services on market exit strategies or explore potential partnerships in those regions.
Competitor Analysis Understanding similar companies in the restaurant industry like Duffy's Sports Grill, Ruby Tuesday, Outback Steakhouse, Chili's, Buffalo Wild Wings, and SONIC Drive-In can help identify potential areas where TGI Fridays can differentiate itself and capture new market segments.
Revenue Opportunities Given TGI Fridays' revenue of over $1 billion, there is a significant opportunity for sales professionals to pitch high-value services or offerings that cater to a large-scale, established brand. Tailoring solutions to meet the needs of a company of this size could lead to substantial revenue gains.