Start-Up Costs and Fees |
||
| Cool Hand Luke's | Golden Corral | |
| Investment | 373000 - 1817500 | 2700795 - 7037915 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | 2.40% | |
| Year Founded | 2004 | 1973 |
| Year Franchised | 2005 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cool Hand Luke's | Golden Corral | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Cool Hand Luke's | Golden Corral | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Cool Hand Luke's | Golden Corral | |
| Training | 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 |
||
| Cool Hand Luke's | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Cool Hand Luke's | |
| Golden Corral | |
| Franchise Fee | |
| Cool Hand Luke's | |
| Golden Corral | |
| Royalty Fee | |
| Cool Hand Luke's | |
| Golden Corral | 4% |
| Advertising Fee | |
| Cool Hand Luke's | |
| Golden Corral | 2.40% |
| Year Founded | |
| Cool Hand Luke's | 2004 |
| Golden Corral | 1973 |
| Year Franchised | |
| Cool Hand Luke's | 2005 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| Cool Hand Luke's | |
| Golden Corral | 15 years |
| Renewal Fee | |
| Cool Hand Luke's | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| Cool Hand Luke's | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| Cool Hand Luke's | |
| Golden Corral | |
| Start-up Costs | |
| Cool Hand Luke's | |
| Golden Corral | |
| Equipment | |
| Cool Hand Luke's} | |
| Golden Corral | |
| Inventory | |
| Cool Hand Luke's | |
| Golden Corral | |
| Receivables | |
| Cool Hand Luke's | |
| Golden Corral | |
| Payroll | |
| Cool Hand Luke's | |
| Golden Corral | |
Training & Support |
|
| Training | |
| Cool Hand Luke's | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| Cool Hand Luke's | |
| 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 | |
| Cool Hand Luke's | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Cool Hand Luke's | |
| 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 | |
| Cool Hand Luke's | |
| 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 | |
| Cool Hand Luke's | |
| Golden Corral | |
| International Expansion | |
| Cool Hand Luke's | |
| Golden Corral | |