Start-Up Costs and Fees |
||
| Golden Corral | Taste Of Mediterranean | |
| Investment | 2700795 - 7037915 | 99000 - 999999 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | $1,000. a month, Flat Fee. |
| Advertising Fee | 2.40% | 2% |
| Year Founded | 1973 | 2004 |
| Year Franchised | 1986 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | Taste Of Mediterranean | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Golden Corral | Taste Of Mediterranean | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Corral | Taste Of Mediterranean | |
| Training | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location | Full hands on trianing for 2 weeks at one of our 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 | Taste Of Mediterranean | |
| 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 | |
| Taste Of Mediterranean | |
| Franchise Fee | |
| Golden Corral | |
| Taste Of Mediterranean | |
| Royalty Fee | |
| Golden Corral | 4% |
| Taste Of Mediterranean | $1,000. a month, Flat Fee. |
| Advertising Fee | |
| Golden Corral | 2.40% |
| Taste Of Mediterranean | 2% |
| Year Founded | |
| Golden Corral | 1973 |
| Taste Of Mediterranean | 2004 |
| Year Franchised | |
| Golden Corral | 1986 |
| Taste Of Mediterranean | 2007 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| Taste Of Mediterranean | |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| Taste Of Mediterranean | |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| Taste Of Mediterranean | |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| Taste Of Mediterranean | No |
| Start-up Costs | |
| Golden Corral | |
| Taste Of Mediterranean | |
| Equipment | |
| Golden Corral} | |
| Taste Of Mediterranean | |
| Inventory | |
| Golden Corral | |
| Taste Of Mediterranean | |
| Receivables | |
| Golden Corral | |
| Taste Of Mediterranean | |
| Payroll | |
| Golden Corral | |
| Taste Of Mediterranean | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Taste Of Mediterranean | Full hands on trianing for 2 weeks at one of our location. |
| 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 |
| Taste Of Mediterranean | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Taste Of Mediterranean | |
| 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) |
| Taste Of Mediterranean | |
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 |
| Taste Of Mediterranean | |
| Canada Expansion | |
| Golden Corral | |
| Taste Of Mediterranean | |
| International Expansion | |
| Golden Corral | |
| Taste Of Mediterranean | |