Golden Corral vs L and L Franchise Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Golden Corral vs L and L Franchise including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Golden Corral L and L Franchise
Investment 2700795 - 7037915 133700 - 535000
Franchise Fee 0 0
Royalty Fee 4% 3%-4%
Advertising Fee 2.40% 1%-2%
Year Founded 1973 1976
Year Franchised 1986 1991
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Golden Corral L and L Franchise
Experience Industry experience (or must have partner with industry experience.)

Financing Options
  Golden Corral L and L Franchise
 
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 L and L Franchise
Training On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location On-The-Job Training: 168 hours Classroom Training: 24 hours
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection
Marketing National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Co-op Advertising Ad Templates 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 L and L Franchise
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 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 Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion

Start-Up Costs and Fees Mobile
Investment
Golden Corral
L and L Franchise
Franchise Fee
Golden Corral
L and L Franchise
Royalty Fee
Golden Corral 4%
L and L Franchise 3%-4%
Advertising Fee
Golden Corral 2.40%
L and L Franchise 1%-2%
Year Founded
Golden Corral 1973
L and L Franchise 1976
Year Franchised
Golden Corral 1986
L and L Franchise 1991
Term Of Agreement
Golden Corral 15 years
L and L Franchise
Renewal Fee
Golden Corral 15 years (plus two, 5-year renewal options)
L and L Franchise


Business Experience Requirements
Experience
Golden Corral Industry experience (or must have partner with industry experience.)
L and L Franchise

Financing Options
 
Franchise Fees
Golden Corral No
L and L Franchise No
Start-up Costs
Golden Corral
L and L Franchise
Equipment
Golden Corral}
L and L Franchise
Inventory
Golden Corral
L and L Franchise
Receivables
Golden Corral
L and L Franchise
Payroll
Golden Corral
L and L Franchise

Training & Support
Training
Golden Corral On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location
L and L Franchise On-The-Job Training: 168 hours Classroom Training: 24 hours
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
L and L Franchise Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection
Marketing
Golden Corral National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
L and L Franchise Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
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)
L and L Franchise

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
L and L Franchise 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
Golden Corral
L and L Franchise Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion
Golden Corral
L and L Franchise