Start-Up Costs and Fees |
||
| Ground Round I.O.C. | Golden Corral | |
| Investment | 995000 - 1800000 | 2700795 - 7037915 |
| Franchise Fee | 0 | |
| Royalty Fee | 3.50% | 4% |
| Advertising Fee | 2.40% | |
| Year Founded | 1969 | 1973 |
| Year Franchised | 1970 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ground Round I.O.C. | Golden Corral | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Ground Round I.O.C. | 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 |
||
| Ground Round I.O.C. | 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 |
||
| Ground Round I.O.C. | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ground Round I.O.C. | |
| Golden Corral | |
| Franchise Fee | |
| Ground Round I.O.C. | |
| Golden Corral | |
| Royalty Fee | |
| Ground Round I.O.C. | 3.50% |
| Golden Corral | 4% |
| Advertising Fee | |
| Ground Round I.O.C. | |
| Golden Corral | 2.40% |
| Year Founded | |
| Ground Round I.O.C. | 1969 |
| Golden Corral | 1973 |
| Year Franchised | |
| Ground Round I.O.C. | 1970 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| Ground Round I.O.C. | 10 years |
| Golden Corral | 15 years |
| Renewal Fee | |
| Ground Round I.O.C. | 50% of current royalty fee |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| Ground Round I.O.C. | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| Ground Round I.O.C. | No |
| Golden Corral | No |
| Start-up Costs | |
| Ground Round I.O.C. | |
| Golden Corral | |
| Equipment | |
| Ground Round I.O.C.} | |
| Golden Corral | |
| Inventory | |
| Ground Round I.O.C. | |
| Golden Corral | |
| Receivables | |
| Ground Round I.O.C. | |
| Golden Corral | |
| Payroll | |
| Ground Round I.O.C. | |
| Golden Corral | |
Training & Support |
|
| Training | |
| Ground Round I.O.C. | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| Ground Round I.O.C. | |
| 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 | |
| Ground Round I.O.C. | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Ground Round I.O.C. | |
| 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 | |
| Ground Round I.O.C. | |
| 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 | |
| Ground Round I.O.C. | 0 |
| Golden Corral | |
| International Expansion | |
| Ground Round I.O.C. | |
| Golden Corral | |