Start-Up Costs and Fees |
||
| Golden Corral | Hard Rock Cafe | |
| Investment | 2700795 - 7037915 | 2995000 - 4910000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | 2.40% | |
| Year Founded | 1973 | 0 |
| Year Franchised | 1986 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | Hard Rock Cafe | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Golden Corral | Hard Rock Cafe | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Corral | Hard Rock Cafe | |
| 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 | Hard Rock Cafe | |
| 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 | |
| Hard Rock Cafe | |
| Franchise Fee | |
| Golden Corral | |
| Hard Rock Cafe | |
| Royalty Fee | |
| Golden Corral | 4% |
| Hard Rock Cafe | |
| Advertising Fee | |
| Golden Corral | 2.40% |
| Hard Rock Cafe | |
| Year Founded | |
| Golden Corral | 1973 |
| Hard Rock Cafe | 0 |
| Year Franchised | |
| Golden Corral | 1986 |
| Hard Rock Cafe | 0 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| Hard Rock Cafe | |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| Hard Rock Cafe | |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| Hard Rock Cafe | |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| Hard Rock Cafe | No |
| Start-up Costs | |
| Golden Corral | |
| Hard Rock Cafe | |
| Equipment | |
| Golden Corral} | |
| Hard Rock Cafe | |
| Inventory | |
| Golden Corral | |
| Hard Rock Cafe | |
| Receivables | |
| Golden Corral | |
| Hard Rock Cafe | |
| Payroll | |
| Golden Corral | |
| Hard Rock Cafe | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Hard Rock Cafe | |
| 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 |
| Hard Rock Cafe | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Hard Rock Cafe | |
| 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) |
| Hard Rock Cafe | |
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 |
| Hard Rock Cafe | |
| Canada Expansion | |
| Golden Corral | |
| Hard Rock Cafe | 0 |
| International Expansion | |
| Golden Corral | |
| Hard Rock Cafe | |