Start-Up Costs and Fees |
||
| Golden Corral | Village Inn Restaurants | |
| Investment | 2700795 - 7037915 | 963000 - 2570000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 4% |
| Advertising Fee | 2.40% | 1%local +0.5%Nat'l |
| Year Founded | 1973 | 1958 |
| Year Franchised | 1986 | 1961 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Golden Corral | Village Inn Restaurants | |
| Experience | Industry experience (or must have partner with industry experience.) | |
Financing Options |
||
| Golden Corral | Village Inn Restaurants | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Golden Corral | Village Inn Restaurants | |
| 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 | Village Inn Restaurants | |
| 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 | |
| Village Inn Restaurants | |
| Franchise Fee | |
| Golden Corral | |
| Village Inn Restaurants | |
| Royalty Fee | |
| Golden Corral | 4% |
| Village Inn Restaurants | 4% |
| Advertising Fee | |
| Golden Corral | 2.40% |
| Village Inn Restaurants | 1%local +0.5%Nat'l |
| Year Founded | |
| Golden Corral | 1973 |
| Village Inn Restaurants | 1958 |
| Year Franchised | |
| Golden Corral | 1986 |
| Village Inn Restaurants | 1961 |
| Term Of Agreement | |
| Golden Corral | 15 years |
| Village Inn Restaurants | |
| Renewal Fee | |
| Golden Corral | 15 years (plus two, 5-year renewal options) |
| Village Inn Restaurants | |
Business Experience Requirements |
|
| Experience | |
| Golden Corral | Industry experience (or must have partner with industry experience.) |
| Village Inn Restaurants | |
Financing Options |
|
| Franchise Fees | |
| Golden Corral | No |
| Village Inn Restaurants | No |
| Start-up Costs | |
| Golden Corral | |
| Village Inn Restaurants | |
| Equipment | |
| Golden Corral} | |
| Village Inn Restaurants | |
| Inventory | |
| Golden Corral | |
| Village Inn Restaurants | |
| Receivables | |
| Golden Corral | |
| Village Inn Restaurants | |
| Payroll | |
| Golden Corral | |
| Village Inn Restaurants | |
Training & Support |
|
| Training | |
| Golden Corral | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location |
| Village Inn Restaurants | |
| 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 |
| Village Inn Restaurants | |
| Marketing | |
| Golden Corral | National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Village Inn Restaurants | |
| 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) |
| Village Inn Restaurants | |
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 |
| Village Inn Restaurants | |
| Canada Expansion | |
| Golden Corral | |
| Village Inn Restaurants | |
| International Expansion | |
| Golden Corral | |
| Village Inn Restaurants | |