Start-Up Costs and Fees |
||
| Golden Corral | Friendly Banners | |
| Investment | 2700795 - 7037915 | 450000 - 450000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 4% |
| Advertising Fee | 2.40% | 2% |
| Year Founded | 1973 | 1989 |
| Year Franchised | 1986 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | Friendly Banners | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Golden Corral | Friendly Banners | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Corral | Friendly Banners | |
| 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 |
||
| Golden Corral | Friendly Banners | |
| 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 | British Columbia, Ontario | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Golden Corral | |
| Friendly Banners | |
| Franchise Fee | |
| Golden Corral | |
| Friendly Banners | |
| Royalty Fee | |
| Golden Corral | 4% |
| Friendly Banners | 4% |
| Advertising Fee | |
| Golden Corral | 2.40% |
| Friendly Banners | 2% |
| Year Founded | |
| Golden Corral | 1973 |
| Friendly Banners | 1989 |
| Year Franchised | |
| Golden Corral | 1986 |
| Friendly Banners | 1989 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| Friendly Banners | |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| Friendly Banners | |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| Friendly Banners | |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| Friendly Banners | No |
| Start-up Costs | |
| Golden Corral | |
| Friendly Banners | |
| Equipment | |
| Golden Corral} | |
| Friendly Banners | |
| Inventory | |
| Golden Corral | |
| Friendly Banners | |
| Receivables | |
| Golden Corral | |
| Friendly Banners | |
| Payroll | |
| Golden Corral | |
| Friendly Banners | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Friendly Banners | |
| Support | |
| Golden Corral | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Friendly Banners | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Friendly Banners | |
| Operations | |
| 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) |
| Friendly Banners | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Friendly Banners | |
| Canada Expansion | |
| Golden Corral | |
| Friendly Banners | British Columbia, Ontario |
| International Expansion | |
| Golden Corral | |
| Friendly Banners | |