Start-Up Costs and Fees |
||
| Jim's Family Restaurant | Golden Corral | |
| Investment | 342500 - 433000 | 2700795 - 7037915 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4% |
| Advertising Fee | 3% | 2.40% |
| Year Founded | 0 | 1973 |
| Year Franchised | 0 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Jim's Family Restaurant | Golden Corral | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Jim's Family Restaurant | 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 |
||
| Jim's Family Restaurant | Golden Corral | |
| Training | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location | |
| Support | Support & training are available, please refer to our Franchise Disclosure Document for details. | 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 |
||
| Jim's Family Restaurant | Golden Corral | |
| US Expansion | Arizona, Colorado, Nevada, Utah | 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 | |
| Jim's Family Restaurant | |
| Golden Corral | |
| Franchise Fee | |
| Jim's Family Restaurant | |
| Golden Corral | |
| Royalty Fee | |
| Jim's Family Restaurant | 6% |
| Golden Corral | 4% |
| Advertising Fee | |
| Jim's Family Restaurant | 3% |
| Golden Corral | 2.40% |
| Year Founded | |
| Jim's Family Restaurant | 0 |
| Golden Corral | 1973 |
| Year Franchised | |
| Jim's Family Restaurant | 0 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| Jim's Family Restaurant | 10 years |
| Golden Corral | 15 years |
| Renewal Fee | |
| Jim's Family Restaurant | 20% of current franchise fee |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| Jim's Family Restaurant | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| Jim's Family Restaurant | No |
| Golden Corral | No |
| Start-up Costs | |
| Jim's Family Restaurant | |
| Golden Corral | |
| Equipment | |
| Jim's Family Restaurant} | |
| Golden Corral | |
| Inventory | |
| Jim's Family Restaurant | |
| Golden Corral | |
| Receivables | |
| Jim's Family Restaurant | |
| Golden Corral | |
| Payroll | |
| Jim's Family Restaurant | |
| Golden Corral | |
Training & Support |
|
| Training | |
| Jim's Family Restaurant | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| Jim's Family Restaurant | Support & training are available, please refer to our Franchise Disclosure Document for details. |
| 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 | |
| Jim's Family Restaurant | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Jim's Family Restaurant | |
| 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 | |
| Jim's Family Restaurant | Arizona, Colorado, Nevada, Utah |
| 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 | |
| Jim's Family Restaurant | |
| Golden Corral | |
| International Expansion | |
| Jim's Family Restaurant | |
| Golden Corral | |