Start-Up Costs and Fees |
||
| Indigo Joe's | Golden Corral | |
| Investment | 1200000 - 1300000 | 2700795 - 7037915 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | 4% |
| Advertising Fee | 1.50% | 2.40% |
| Year Founded | 1994 | 1973 |
| Year Franchised | 2002 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Indigo Joe's | Golden Corral | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Indigo Joe's | 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 |
||
| Indigo Joe's | Golden Corral | |
| Training | Prior to the opening of the store, it is essential to successfully complete Indigo Joe's intensive 6-week franchise training program. This program will educate the franchise owner in all aspects of restaurant operations as well as provide him or her with all the necessary tools. Topics that will be covered include customer service, preparation of Indigo Joe's menu items, quality and food portion control, beverage and inventory management, cost control, employee hiring and scheduling, store safety guidelines, management tools and systems, turnover reduction and budgeting and forecasting. Store Opening training is provided for 7 days prior to the opening date and until 7 days after. This training is a more "hands on" approach to managing and successfully running an Indigo Joe's restaurant. | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | Indigo Joe's provides on-going operational support through their field service representatives | 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 | International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 15 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 |
||
| Indigo Joe'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 | |
| Indigo Joe's | |
| Golden Corral | |
| Franchise Fee | |
| Indigo Joe's | |
| Golden Corral | |
| Royalty Fee | |
| Indigo Joe's | 5% |
| Golden Corral | 4% |
| Advertising Fee | |
| Indigo Joe's | 1.50% |
| Golden Corral | 2.40% |
| Year Founded | |
| Indigo Joe's | 1994 |
| Golden Corral | 1973 |
| Year Franchised | |
| Indigo Joe's | 2002 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| Indigo Joe's | 10 years +10 |
| Golden Corral | 15 years |
| Renewal Fee | |
| Indigo Joe's | $10K |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| Indigo Joe's | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| Indigo Joe's | No |
| Golden Corral | No |
| Start-up Costs | |
| Indigo Joe's | |
| Golden Corral | |
| Equipment | |
| Indigo Joe's} | |
| Golden Corral | |
| Inventory | |
| Indigo Joe's | |
| Golden Corral | |
| Receivables | |
| Indigo Joe's | |
| Golden Corral | |
| Payroll | |
| Indigo Joe's | |
| Golden Corral | |
Training & Support |
|
| Training | |
| Indigo Joe's | Prior to the opening of the store, it is essential to successfully complete Indigo Joe's intensive 6-week franchise training program. This program will educate the franchise owner in all aspects of restaurant operations as well as provide him or her with all the necessary tools. Topics that will be covered include customer service, preparation of Indigo Joe's menu items, quality and food portion control, beverage and inventory management, cost control, employee hiring and scheduling, store safety guidelines, management tools and systems, turnover reduction and budgeting and forecasting. Store Opening training is provided for 7 days prior to the opening date and until 7 days after. This training is a more "hands on" approach to managing and successfully running an Indigo Joe's restaurant. |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| Indigo Joe's | Indigo Joe's provides on-going operational support through their field service representatives |
| 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 | |
| Indigo Joe's | Co-op advertising, Ad slicks, Regional advertising |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Indigo Joe's | International franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 15 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 | |
| Indigo Joe'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 | |
| Indigo Joe's | |
| Golden Corral | |
| International Expansion | |
| Indigo Joe's | |
| Golden Corral | |