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Below is an in-depth analysis and side-by-side comparison of Golden Corral including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $2,700,795 - $7,037,915 | |
Franchise Fee | $50,000 | |
Royalty Fee | 4% | |
Advertising Fee | 2.4% | |
Year Founded | 1973 | |
Year Franchised | 1986 | |
Term Of Agreement | 15 years | |
Term Of Agreement | 15 years | |
Renewal Fee | 15 years (plus two, 5-year renewal options) | |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | ||
Franchise Fees | No/No | |
Start-up Costs | No/Yes | |
Equipment | No/Yes | |
Inventory | No/No | |
Receivables | No/No | |
Payroll | No/No | |
Training & Support |
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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) |
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Expansion Plans |
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US Expansion | Yes | |
Canada Expansion | No | |
International Expansion | Yes |