Start-Up Costs and Fees |
||
| Golden Corral | George Webb Restaurants | |
| Investment | 2700795 - 7037915 | 402000 - 850000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | 2.40% | |
| Year Founded | 1973 | 1948 |
| Year Franchised | 1986 | 1953 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | George Webb Restaurants | |
| Experience | Industry experience (or must have partner with industry experience.) | Previous restaurant/retail experience preferred for individuals with a passion for the restaurant business, operating under the philosophies of People, Place, Product and Profit. |
Financing Options |
||
| Golden Corral | George Webb Restaurants | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Corral | George Webb Restaurants | |
| Training | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location | Comprehensive initial training and pre-opening training provided at company owned locations and corporate training center. On-going management training and development provided for all franchisees, operators, managers and supervisory staff. |
| 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 | George Webb Restaurants | |
| 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 | |
| George Webb Restaurants | |
| Franchise Fee | |
| Golden Corral | |
| George Webb Restaurants | |
| Royalty Fee | |
| Golden Corral | 4% |
| George Webb Restaurants | |
| Advertising Fee | |
| Golden Corral | 2.40% |
| George Webb Restaurants | |
| Year Founded | |
| Golden Corral | 1973 |
| George Webb Restaurants | 1948 |
| Year Franchised | |
| Golden Corral | 1986 |
| George Webb Restaurants | 1953 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| George Webb Restaurants | |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| George Webb Restaurants | |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| George Webb Restaurants | Previous restaurant/retail experience preferred for individuals with a passion for the restaurant business, operating under the philosophies of People, Place, Product and Profit. |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| George Webb Restaurants | No |
| Start-up Costs | |
| Golden Corral | |
| George Webb Restaurants | |
| Equipment | |
| Golden Corral} | |
| George Webb Restaurants | |
| Inventory | |
| Golden Corral | |
| George Webb Restaurants | |
| Receivables | |
| Golden Corral | |
| George Webb Restaurants | |
| Payroll | |
| Golden Corral | |
| George Webb Restaurants | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| George Webb Restaurants | Comprehensive initial training and pre-opening training provided at company owned locations and corporate training center. On-going management training and development provided for all franchisees, operators, managers and supervisory staff. |
| 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 |
| George Webb Restaurants | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| George Webb Restaurants | |
| 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) |
| George Webb Restaurants | |
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 |
| George Webb Restaurants | |
| Canada Expansion | |
| Golden Corral | |
| George Webb Restaurants | |
| International Expansion | |
| Golden Corral | |
| George Webb Restaurants | |