Start-Up Costs and Fees |
||
| abc Country Restaurants | Golden Corral | |
| Investment | 250000 - 700000 | 2700795 - 7037915 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 4% |
| Advertising Fee | 2% | 2.40% |
| Year Founded | 1972 | 1973 |
| Year Franchised | 1983 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| abc Country Restaurants | Golden Corral | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| abc Country Restaurants | Golden Corral | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| abc Country Restaurants | 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 |
||
| abc Country Restaurants | 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 | Alberta, British Columbia | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| abc Country Restaurants | |
| Golden Corral | |
| Franchise Fee | |
| abc Country Restaurants | |
| Golden Corral | |
| Royalty Fee | |
| abc Country Restaurants | 4% |
| Golden Corral | 4% |
| Advertising Fee | |
| abc Country Restaurants | 2% |
| Golden Corral | 2.40% |
| Year Founded | |
| abc Country Restaurants | 1972 |
| Golden Corral | 1973 |
| Year Franchised | |
| abc Country Restaurants | 1983 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| abc Country Restaurants | |
| Golden Corral | 15 years |
| Renewal Fee | |
| abc Country Restaurants | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| abc Country Restaurants | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| abc Country Restaurants | |
| Golden Corral | |
| Start-up Costs | |
| abc Country Restaurants | |
| Golden Corral | |
| Equipment | |
| abc Country Restaurants} | |
| Golden Corral | |
| Inventory | |
| abc Country Restaurants | |
| Golden Corral | |
| Receivables | |
| abc Country Restaurants | |
| Golden Corral | |
| Payroll | |
| abc Country Restaurants | |
| Golden Corral | |
Training & Support |
|
| Training | |
| abc Country Restaurants | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| abc Country Restaurants | |
| 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 | |
| abc Country Restaurants | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| abc Country Restaurants | |
| 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 | |
| abc Country Restaurants | |
| 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 | |
| abc Country Restaurants | Alberta, British Columbia |
| Golden Corral | |
| International Expansion | |
| abc Country Restaurants | |
| Golden Corral | |