Under Contract

Well Established Friendly’s Family Restaurant South Portland, ME – Over 35 Years!

Corporate Location Looking For A Franchisee - 2022 YTD sales up 19%

South Portland, ME

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Food Type: American, Diner, Ice Cream/Frozen Yogurt/Gelato

Service Type: Full Service

Business Type: Franchise

Sale Type: Business For Sale

Asking Price: $310,000

Gross Sales: $1,844,000

Net Operating Income: $115,737

Monthly Rent: $9,453

Lease Expiration: 03/2027

Lease Options: Two 5-Year Options

Year Established: 1987

Owner Operated: No

Seller Financing: Yes


An iconic brand serving a mouthwatering classic American menu of signature entrees, burgers, sandwiches and hand-crafted, specialty ice cream for over 80 years. And 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 and dessert. Dine-in, takeout and 3rd party delivery. Also catering, make-your-own sundae kits and family meals. And a loyalty program - their Sweet Rewards Club.

Well established location for over 35 years. Remodeled in 2012. 2022 YTD sales up 19%!

Friendly’s is a franchise company that is built around families and founded upon ice cream. Friendly's is dedicated to quality in all that they do. From their signature SuperMelt Sandwiches to their custom-made Big Beef Burgers, every meal is freshly made offering delicious new dishes and classic comfort foods that can only be found at Friendly's. And to top it all off, Friendly's ends every delicious meal with incredible homemade ice cream in unlimited shapes, sizes and flavors.

Friendly's vision and mission is "to be the leading casual full-service restaurant/ice cream shoppe and premium retail ice cream brand in the Eastern United States”...known for operations excellence, great signature foods, famous ice cream shoppe desserts, sparkling clean facilities, prompt, friendly service and dedicated, talented people... resulting in outstanding customer loyalty and consistent profitable growth.

Because this is a corporate store there is limited financial information. Franchise agreement and lease are transferable and the franchisor will help with training and transition. Currently Friendy’s is updating their POS system to Revel which has a lot more capabilities such as cloud based, digital, allows for tablets for the servers and more!

Take advantage of the reduced asking price based on recent cash flow as corporate was slow to increase consumer prices to cover increased costs in 2022. Margins expected to increase moving forward!

Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

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


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

A popular and 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 137 Friendly's in 12 states and 127 cities 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:

Friendly's started in Springfield, MA as a small ice cream shop owned & run by brothers Prestley & Curtis Blake in 1935. 5 years later the brothers opened another shop in W Springfield and added food. Within a decade the restaurant grew across MA and into CT. In 1979 the brothers retired & sold their company to Hershey’s and in 1988 the company was sold to TRC. Then in 2021, Amici Partners Grp involved with some of the best-known casual dining chains and an affiliate of BRIX Holdings, a successful multi-brand franchising company acquired Friendly’s.


Prime retail space in a freestanding building with drive-thru on busy Maine Mall Rd along with DSW, Five Guys, IHOP, Planet Fitness, Guitar Center, Dollar Tree, Wendy’s, Popeyes, UNO Pizzeria & Grill, Longhorn Steakhouse, Chipotle, Starbucks Mattress Firm and more. Also, adjacent Party City, Petco, Supercuts and Dick’s Sporting Goods. Close to the mall anchored by Macy’s JCPenney, Best Buy and Round 1 Bowling & Amusement along with 100+ specialty retailers. Perfectly situated just off the I-95 interchange!

County: Cumberland


Lease Information: Leased space $9,453/mth gross. Current lease expires Mar 2027 with two 5-year options.

Square Feet: 4,246.

Seating: 182.

Days/Hrs of Operation: Daily 8a-10p.

Real Estate: Leased.

Value of FF&E: Included In Asking Price.

Value of Inventory: Included In Asking Price.

Number of Employees: 30.

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

Seller Financing Available: Yes, to a qualified buyer with substantial down.

Reason for Selling: Corporate location looking for a franchisee. Franchisor looking to focus on the franchising of the brand only.

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