Start-Up Costs and Fees |
||
| Ben & Florentine Restaurants | Golden Corral | |
| Investment | 619650 - 817800 | 2700795 - 7037915 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4% |
| Advertising Fee | 2.40% | |
| Year Founded | 2008 | 1973 |
| Year Franchised | 2008 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ben & Florentine Restaurants | Golden Corral | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Ben & Florentine Restaurants | Golden Corral | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Ben & Florentine Restaurants | Golden Corral | |
| Training | * The owner/operator follows six (6) weeks of training. (Theoretical & Practical) * Grand opening training & assistance for two (2) weeks | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | International franchisees required to buy multiple units/master licenses; 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 100 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Ben & Florentine Restaurants | Golden Corral | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Ontario, Quebec | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ben & Florentine Restaurants | |
| Golden Corral | |
| Franchise Fee | |
| Ben & Florentine Restaurants | |
| Golden Corral | |
| Royalty Fee | |
| Ben & Florentine Restaurants | 6% |
| Golden Corral | 4% |
| Advertising Fee | |
| Ben & Florentine Restaurants | |
| Golden Corral | 2.40% |
| Year Founded | |
| Ben & Florentine Restaurants | 2008 |
| Golden Corral | 1973 |
| Year Franchised | |
| Ben & Florentine Restaurants | 2008 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| Ben & Florentine Restaurants | |
| Golden Corral | 15 years |
| Renewal Fee | |
| Ben & Florentine Restaurants | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| Ben & Florentine Restaurants | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| Ben & Florentine Restaurants | |
| Golden Corral | |
| Start-up Costs | |
| Ben & Florentine Restaurants | |
| Golden Corral | |
| Equipment | |
| Ben & Florentine Restaurants} | |
| Golden Corral | |
| Inventory | |
| Ben & Florentine Restaurants | |
| Golden Corral | |
| Receivables | |
| Ben & Florentine Restaurants | |
| Golden Corral | |
| Payroll | |
| Ben & Florentine Restaurants | |
| Golden Corral | |
Training & Support |
|
| Training | |
| Ben & Florentine Restaurants | * The owner/operator follows six (6) weeks of training. (Theoretical & Practical) * Grand opening training & assistance for two (2) weeks |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| Ben & Florentine Restaurants | |
| Golden Corral | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Ben & Florentine Restaurants | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Ben & Florentine Restaurants | |
| Golden Corral | International franchisees required to buy multiple units/master licenses; 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 100 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Ben & Florentine Restaurants | |
| Golden Corral | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Ben & Florentine Restaurants | Ontario, Quebec |
| Golden Corral | |
| International Expansion | |
| Ben & Florentine Restaurants | |
| Golden Corral | |