Start-Up Costs and Fees |
||
| Golden Griddle | Golden Corral | |
| Investment | 100000 - 450000 | 2700795 - 7037915 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | 4% |
| Advertising Fee | 2.40% | |
| Year Founded | 1964 | 1973 |
| Year Franchised | 1977 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Griddle | Golden Corral | |
| Experience | General business experience | Industry experience (or must have partner with industry experience.) |
Financing Options |
||
| Golden Griddle | Golden Corral | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Golden Griddle | Golden Corral | |
| Training | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location | |
| Support | Internet, Security/safety procedures, Field operations/evaluations | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 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 Griddle | 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 | |
| Golden Griddle | |
| Golden Corral | |
| Franchise Fee | |
| Golden Griddle | |
| Golden Corral | |
| Royalty Fee | |
| Golden Griddle | 5% |
| Golden Corral | 4% |
| Advertising Fee | |
| Golden Griddle | |
| Golden Corral | 2.40% |
| Year Founded | |
| Golden Griddle | 1964 |
| Golden Corral | 1973 |
| Year Franchised | |
| Golden Griddle | 1977 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| Golden Griddle | 10 years |
| Golden Corral | 15 years |
| Renewal Fee | |
| Golden Griddle | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| Golden Griddle | General business experience |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| Golden Griddle | No |
| Golden Corral | No |
| Start-up Costs | |
| Golden Griddle | |
| Golden Corral | |
| Equipment | |
| Golden Griddle} | |
| Golden Corral | |
| Inventory | |
| Golden Griddle | |
| Golden Corral | |
| Receivables | |
| Golden Griddle | |
| Golden Corral | |
| Payroll | |
| Golden Griddle | |
| Golden Corral | |
Training & Support |
|
| Training | |
| Golden Griddle | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| Golden Griddle | Internet, Security/safety procedures, Field operations/evaluations |
| 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 | |
| Golden Griddle | Co-op advertising, Ad slicks, Regional advertising |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Golden Griddle | Franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| 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 | |
| Golden Griddle | |
| 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 | |
| Golden Griddle | |
| Golden Corral | |
| International Expansion | |
| Golden Griddle | |
| Golden Corral | |