TGI Fridays, a long-time staple in Florida’s dining scene, is facing a series of financial challenges that have left both loyal customers and industry insiders watching closely. From multiple store closures across the state to allegations of unpaid rent, the once-popular chain is now reportedly considering bankruptcy as it navigates uncertain waters.
A Wave of Store Closures Hits Florida
In January 2024, TGI Fridays announced that it would be shutting down a number of “underperforming” locations nationwide, including two Florida restaurants. The Ormond Beach and Royal Palm Beach locations were among the first to close their doors, signaling the beginning of a turbulent year for the brand in the Sunshine State.
The closures continued through mid-2024, with the Melbourne location deciding to shut down in June. Most recently, in October 2024, the Orlando branch on Millenia Boulevard became the latest casualty, leaving only 18 TGI Fridays restaurants remaining in Florida.