Start-Up Costs and Fees |
||
| Giorgio Restaurants | Golden Corral | |
| Investment | 175000 - 500000 | 2700795 - 7037915 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.5%-7% | 4% |
| Advertising Fee | 2.40% | |
| Year Founded | 0 | 1973 |
| Year Franchised | 0 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Giorgio Restaurants | Golden Corral | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Giorgio Restaurants | Golden Corral | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Giorgio 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 |
||
| Giorgio 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Giorgio Restaurants | |
| Golden Corral | |
| Franchise Fee | |
| Giorgio Restaurants | |
| Golden Corral | |
| Royalty Fee | |
| Giorgio Restaurants | 4.5%-7% |
| Golden Corral | 4% |
| Advertising Fee | |
| Giorgio Restaurants | |
| Golden Corral | 2.40% |
| Year Founded | |
| Giorgio Restaurants | 0 |
| Golden Corral | 1973 |
| Year Franchised | |
| Giorgio Restaurants | 0 |
| Golden Corral | 1986 |
| Term Of Agreement | |
| Giorgio Restaurants | |
| Golden Corral | 15 years |
| Renewal Fee | |
| Giorgio Restaurants | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
Business Experience Requirements |
|
| Experience | |
| Giorgio Restaurants | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
Financing Options |
|
| Franchise Fees | |
| Giorgio Restaurants | |
| Golden Corral | |
| Start-up Costs | |
| Giorgio Restaurants | |
| Golden Corral | |
| Equipment | |
| Giorgio Restaurants} | |
| Golden Corral | |
| Inventory | |
| Giorgio Restaurants | |
| Golden Corral | |
| Receivables | |
| Giorgio Restaurants | |
| Golden Corral | |
| Payroll | |
| Giorgio Restaurants | |
| Golden Corral | |
Training & Support |
|
| Training | |
| Giorgio Restaurants | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Support | |
| Giorgio 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 | |
| Giorgio Restaurants | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Giorgio 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 | |
| Giorgio 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 | |
| Giorgio Restaurants | |
| Golden Corral | |
| International Expansion | |
| Giorgio Restaurants | |
| Golden Corral | |