Start-Up Costs and Fees |
||
| Golden Corral | Ground Round I.O.C. | |
| Investment | 2700795 - 7037915 | 995000 - 1800000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 3.50% |
| Advertising Fee | 2.40% | |
| Year Founded | 1973 | 1969 |
| Year Franchised | 1986 | 1970 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | Ground Round I.O.C. | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Golden Corral | Ground Round I.O.C. | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Golden Corral | Ground Round I.O.C. | |
| 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 | Ground Round I.O.C. | |
| 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Golden Corral | |
| Ground Round I.O.C. | |
| Franchise Fee | |
| Golden Corral | |
| Ground Round I.O.C. | |
| Royalty Fee | |
| Golden Corral | 4% |
| Ground Round I.O.C. | 3.50% |
| Advertising Fee | |
| Golden Corral | 2.40% |
| Ground Round I.O.C. | |
| Year Founded | |
| Golden Corral | 1973 |
| Ground Round I.O.C. | 1969 |
| Year Franchised | |
| Golden Corral | 1986 |
| Ground Round I.O.C. | 1970 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| Ground Round I.O.C. | 10 years |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| Ground Round I.O.C. | 50% of current royalty fee |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| Ground Round I.O.C. | |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| Ground Round I.O.C. | No |
| Start-up Costs | |
| Golden Corral | |
| Ground Round I.O.C. | |
| Equipment | |
| Golden Corral} | |
| Ground Round I.O.C. | |
| Inventory | |
| Golden Corral | |
| Ground Round I.O.C. | |
| Receivables | |
| Golden Corral | |
| Ground Round I.O.C. | |
| Payroll | |
| Golden Corral | |
| Ground Round I.O.C. | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Ground Round I.O.C. | |
| 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 |
| Ground Round I.O.C. | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Ground Round I.O.C. | |
| 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) |
| Ground Round I.O.C. | |
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 |
| Ground Round I.O.C. | |
| Canada Expansion | |
| Golden Corral | |
| Ground Round I.O.C. | 0 |
| International Expansion | |
| Golden Corral | |
| Ground Round I.O.C. | |