Start-Up Costs and Fees |
||
| Golden Corral | Cool Hand Luke's | |
| Investment | 2700795 - 7037915 | 373000 - 1817500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | 2.40% | |
| Year Founded | 1973 | 2004 |
| Year Franchised | 1986 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | Cool Hand Luke's | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Golden Corral | Cool Hand Luke's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Corral | Cool Hand Luke's | |
| 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 |
||
| Golden Corral | Cool Hand Luke's | |
| 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 | |
| Golden Corral | |
| Cool Hand Luke's | |
| Franchise Fee | |
| Golden Corral | |
| Cool Hand Luke's | |
| Royalty Fee | |
| Golden Corral | 4% |
| Cool Hand Luke's | |
| Advertising Fee | |
| Golden Corral | 2.40% |
| Cool Hand Luke's | |
| Year Founded | |
| Golden Corral | 1973 |
| Cool Hand Luke's | 2004 |
| Year Franchised | |
| Golden Corral | 1986 |
| Cool Hand Luke's | 2005 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| Cool Hand Luke's | |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| Cool Hand Luke's | |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| Cool Hand Luke's | |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| Cool Hand Luke's | No |
| Start-up Costs | |
| Golden Corral | |
| Cool Hand Luke's | |
| Equipment | |
| Golden Corral} | |
| Cool Hand Luke's | |
| Inventory | |
| Golden Corral | |
| Cool Hand Luke's | |
| Receivables | |
| Golden Corral | |
| Cool Hand Luke's | |
| Payroll | |
| Golden Corral | |
| Cool Hand Luke's | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Cool Hand Luke's | |
| Support | |
| Golden Corral | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Cool Hand Luke's | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Cool Hand Luke's | |
| Operations | |
| 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) |
| Cool Hand Luke's | |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Cool Hand Luke's | |
| Canada Expansion | |
| Golden Corral | |
| Cool Hand Luke's | |
| International Expansion | |
| Golden Corral | |
| Cool Hand Luke's | |