Start-Up Costs and Fees |
||
| Ruby Tuesday | Golden Corral | |
| Investment | 1559650 - 3877400 | 2700795 - 7037915 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% of gross sales | 4% |
| Advertising Fee | 1.5% of gross sales | 2.40% |
| Year Founded | 1972 | 1973 |
| Year Franchised | 1997 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ruby Tuesday | Golden Corral | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Ruby Tuesday | Golden Corral | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Ruby Tuesday | 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 |
||
| Ruby Tuesday | 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 | |
| Ruby Tuesday | |
| Golden Corral | |
| Franchise Fee | |
| Ruby Tuesday | |
| Golden Corral | |
| Royalty Fee | |
| Ruby Tuesday | 4% of gross sales |
| Golden Corral | 4% |
| Advertising Fee | |
| Ruby Tuesday | 1.5% of gross sales |
| Golden Corral | 2.40% |
| Year Founded | |
| Ruby Tuesday | 1972 |
| Golden Corral | 1973 |
| Year Franchised | |
| Ruby Tuesday | 1997 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| Ruby Tuesday | |
| Golden Corral | 15 years |
| Renewal Fee | |
| Ruby Tuesday | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| Ruby Tuesday | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| Ruby Tuesday | |
| Golden Corral | |
| Start-up Costs | |
| Ruby Tuesday | |
| Golden Corral | |
| Equipment | |
| Ruby Tuesday} | |
| Golden Corral | |
| Inventory | |
| Ruby Tuesday | |
| Golden Corral | |
| Receivables | |
| Ruby Tuesday | |
| Golden Corral | |
| Payroll | |
| Ruby Tuesday | |
| Golden Corral | |
Training & Support |
|
| Training | |
| Ruby Tuesday | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| Ruby Tuesday | |
| 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 | |
| Ruby Tuesday | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Ruby Tuesday | |
| 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 | |
| Ruby Tuesday | |
| 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 | |
| Ruby Tuesday | 0 |
| Golden Corral | |
| International Expansion | |
| Ruby Tuesday | |
| Golden Corral | |