Start-Up Costs and Fees |
||
| Golden Corral | Ruby Tuesday | |
| Investment | 2700795 - 7037915 | 1559650 - 3877400 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 4% of gross sales |
| Advertising Fee | 2.40% | 1.5% of gross sales |
| Year Founded | 1973 | 1972 |
| Year Franchised | 1986 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | Ruby Tuesday | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Golden Corral | Ruby Tuesday | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Corral | Ruby Tuesday | |
| 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 | Ruby Tuesday | |
| 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 | |
| Ruby Tuesday | |
| Franchise Fee | |
| Golden Corral | |
| Ruby Tuesday | |
| Royalty Fee | |
| Golden Corral | 4% |
| Ruby Tuesday | 4% of gross sales |
| Advertising Fee | |
| Golden Corral | 2.40% |
| Ruby Tuesday | 1.5% of gross sales |
| Year Founded | |
| Golden Corral | 1973 |
| Ruby Tuesday | 1972 |
| Year Franchised | |
| Golden Corral | 1986 |
| Ruby Tuesday | 1997 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| Ruby Tuesday | |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| Ruby Tuesday | |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| Ruby Tuesday | |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| Ruby Tuesday | No |
| Start-up Costs | |
| Golden Corral | |
| Ruby Tuesday | |
| Equipment | |
| Golden Corral} | |
| Ruby Tuesday | |
| Inventory | |
| Golden Corral | |
| Ruby Tuesday | |
| Receivables | |
| Golden Corral | |
| Ruby Tuesday | |
| Payroll | |
| Golden Corral | |
| Ruby Tuesday | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Ruby Tuesday | |
| 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 |
| Ruby Tuesday | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Ruby Tuesday | |
| 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) |
| Ruby Tuesday | |
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 |
| Ruby Tuesday | |
| Canada Expansion | |
| Golden Corral | |
| Ruby Tuesday | 0 |
| International Expansion | |
| Golden Corral | |
| Ruby Tuesday | |