Listings

Summary:

An iconic brand serving a mouthwatering classic American menu of signature entrees, burgers, sandwiches & hand-crafted, specialty ice cream for over 80 yrs. Plus, a recently launched menu with a dozen great new items from burgers to melts to pastas to salads along with new ice cream flavors.

Full service. Breakfast, lunch, dinner & dessert. Dine-in, takeout & 3rd party delivery. Also catering, make-your-own sundae kits & family meals. And a new loyalty program.

Plus, Friendly’s recently updated their POS system to Revel which has a lot more capabilities such as cloud based, digital, tablets for servers & more. Also, there is an approx. $50,000 mandatory refresh of all stores by the end of May 2025.

Friendly’s has been built around families & founded upon ice cream. A franchise dedicated to quality in all that they do. Every meal is freshly made offering delicious new dishes & classic comfort foods that can only be found at Friendly's. And to top it all off, they end every delicious meal with incredible homemade ice cream in unlimited shapes, sizes & flavors.

Their vision & mission is "to be the leading casual restaurant/ice cream shoppe & premium retail ice cream brand...known for operations excellence, great food, famous ice cream shoppe desserts, sparkling clean facilities, prompt friendly service & dedicated people...resulting in outstanding customer loyalty & consistent profitable growth.

And since the arrival of new ownership in Jan 2021 by BRIX Holdings LLC, a multi-brand restaurant management/franchising company, the brand has posted 2 consecutive years of positive same store sales. Plus, digital mix is up from 15% to 40%!

Furthermore, take advantage of the reduced asking price based on recent lower cash flows as Friendly’s (like many other operators last year) was slow and not frequent enough in increasing consumer prices to cover rising costs. Therefore, margins are expected to increase moving forward. Also, royalties have been reduced to 5% till Apr 2032!

Well established location for over 46 years. Owner operated.

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact Nicole Rayborn at EatZ for more information. Showings by appointment only outside of business hours.

Business Website: https://www.friendlysrestaurants.com

Competition:

A friendly place for families to enjoy a meal together. Famous for their homemade ice cream. Best kids’ menu in America!

A popular & much-loved brand. As one of America’s most cherished ice cream shops, Friendly’s has been a part of millions of family occasions for decades along the East Coast. Currently there are a total of 120 Friendly's restaurants in 10 states with plans to open more. And with newly remodeled restaurants, new menus and drive-thru opportunities, there has never been a more exciting time to become a part of Friendly’s!

Growth and Expansion:

Serving up ice cream and delicious fun since 1935, America’s favorite family restaurant is excited to support future development of the brand. This will allow for more world-class support and position Friendly’s for long-term growth. The focus moving forward will be geared towards innovation, marketing and technology with plans to introduce new food and ice cream offerings, bright new restaurants and unique ways to reach & satisfy guests!

Location:

Prime retail space in a freestanding building on a major thoroughfare just north of the Easton Rd (611) and Pennsylvania Tpke (I-276) interchange with high traffic counts. And across a large industrial park. Also, close to the commercial area of Horsham. Plus, surrounded by a vast residential area!

County: Montgomery

Facilities:

Leased space $10,717/mth gross. Current lease expires 2026 with three 9-year options.

Square Feet: 3,200.

Seating: 164.

Days/Hrs of Operation: Su-Th 11a-9p & Fr-Sa 11a-11p.

Real Estate: Leased.

Value of FF&E: Included In Asking Price.

Value of Inventory: Not Included In Asking Price.

Number of Employees: 3 Full-Time & 10 Part-Time.

Support/Training: Two weeks on-site training and @ an approved training store.

Seller Financing Available: No.

Reason for Selling: Other interests.