Start-Up Costs and Fees |
||
| Golden Corral | Palapas Restaurants | |
| Investment | 2700795 - 7037915 | 750000 - 2000000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 5% |
| Advertising Fee | 2.40% | |
| Year Founded | 1973 | 0 |
| Year Franchised | 1986 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | Palapas Restaurants | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Golden Corral | Palapas Restaurants | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Corral | Palapas Restaurants | |
| 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 | Palapas Restaurants | |
| 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 | |
| Golden Corral | |
| Palapas Restaurants | |
| Franchise Fee | |
| Golden Corral | |
| Palapas Restaurants | |
| Royalty Fee | |
| Golden Corral | 4% |
| Palapas Restaurants | 5% |
| Advertising Fee | |
| Golden Corral | 2.40% |
| Palapas Restaurants | |
| Year Founded | |
| Golden Corral | 1973 |
| Palapas Restaurants | 0 |
| Year Franchised | |
| Golden Corral | 1986 |
| Palapas Restaurants | 0 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| Palapas Restaurants | |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| Palapas Restaurants | |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| Palapas Restaurants | |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| Palapas Restaurants | No |
| Start-up Costs | |
| Golden Corral | |
| Palapas Restaurants | |
| Equipment | |
| Golden Corral} | |
| Palapas Restaurants | |
| Inventory | |
| Golden Corral | |
| Palapas Restaurants | |
| Receivables | |
| Golden Corral | |
| Palapas Restaurants | |
| Payroll | |
| Golden Corral | |
| Palapas Restaurants | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Palapas Restaurants | |
| 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 |
| Palapas Restaurants | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Palapas Restaurants | |
| 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) |
| Palapas Restaurants | |
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 |
| Palapas Restaurants | |
| Canada Expansion | |
| Golden Corral | |
| Palapas Restaurants | |
| International Expansion | |
| Golden Corral | |
| Palapas Restaurants | |