Start-Up Costs and Fees |
||
| Golden Griddle | Cora's | |
| Investment | 100000 - 450000 | 550000 - 900000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% of net |
| Advertising Fee | 2% National Fund; 1% Local Fund | |
| Year Founded | 1964 | 1987 |
| Year Franchised | 1977 | 1994 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Griddle | Cora's | |
| Experience | General business experience | |
Financing Options |
||
| Golden Griddle | Cora's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Griddle | Cora's | |
| Training | We provide franchisees with 5 weeks of theoretical and practical training. | |
| Support | Internet, Security/safety procedures, Field operations/evaluations | We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant. |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | Franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company. |
Expansion Plans |
||
| Golden Griddle | Cora's | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Golden Griddle | |
| Cora's | |
| Franchise Fee | |
| Golden Griddle | |
| Cora's | |
| Royalty Fee | |
| Golden Griddle | 5% |
| Cora's | 5% of net |
| Advertising Fee | |
| Golden Griddle | |
| Cora's | 2% National Fund; 1% Local Fund |
| Year Founded | |
| Golden Griddle | 1964 |
| Cora's | 1987 |
| Year Franchised | |
| Golden Griddle | 1977 |
| Cora's | 1994 |
| Term Of Agreement | |
| Golden Griddle | 10 years |
| Cora's | |
| Renewal Fee | |
| Golden Griddle | |
| Cora's | |
Business Experience Requirements |
|
| Experience | |
| Golden Griddle | General business experience |
| Cora's | |
Financing Options |
|
| Franchise Fees | |
| Golden Griddle | No |
| Cora's | No |
| Start-up Costs | |
| Golden Griddle | |
| Cora's | |
| Equipment | |
| Golden Griddle} | |
| Cora's | |
| Inventory | |
| Golden Griddle | |
| Cora's | |
| Receivables | |
| Golden Griddle | |
| Cora's | |
| Payroll | |
| Golden Griddle | |
| Cora's | |
Training & Support |
|
| Training | |
| Golden Griddle | |
| Cora's | We provide franchisees with 5 weeks of theoretical and practical training. |
| Support | |
| Golden Griddle | Internet, Security/safety procedures, Field operations/evaluations |
| Cora's | We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant. |
| Marketing | |
| Golden Griddle | Co-op advertising, Ad slicks, Regional advertising |
| Cora's | |
| Operations | |
| Golden Griddle | Franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Cora's | We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company. |
Expansion Plans |
|
| US Expansion | |
| Golden Griddle | |
| Cora's | |
| Canada Expansion | |
| Golden Griddle | |
| Cora's | 0 |
| International Expansion | |
| Golden Griddle | |
| Cora's | |