T.G.I. Friday's vs Golden Corral Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of T.G.I. Friday's vs Golden Corral including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  T.G.I. Friday's Golden Corral
Investment 1000000 - 3000000 2700795 - 7037915
Franchise Fee 0
Royalty Fee 4%
Advertising Fee 2.40%
Year Founded 1965 1973
Year Franchised 1988 1986
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  T.G.I. Friday's Golden Corral
Experience Industry experience (or must have partner with industry experience.)

Financing Options
  T.G.I. Friday's Golden Corral
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  T.G.I. Friday's Golden Corral
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
  T.G.I. Friday's Golden Corral
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
T.G.I. Friday's
Golden Corral
Franchise Fee
T.G.I. Friday's
Golden Corral
Royalty Fee
T.G.I. Friday's
Golden Corral 4%
Advertising Fee
T.G.I. Friday's
Golden Corral 2.40%
Year Founded
T.G.I. Friday's 1965
Golden Corral 1973
Year Franchised
T.G.I. Friday's 1988
Golden Corral 1986
Term Of Agreement
T.G.I. Friday's
Golden Corral 15 years
Renewal Fee
T.G.I. Friday's
Golden Corral 15 years (plus two, 5-year renewal options)


Business Experience Requirements
Experience
T.G.I. Friday's
Golden Corral Industry experience (or must have partner with industry experience.)

Financing Options
 
Franchise Fees
T.G.I. Friday's
Golden Corral
Start-up Costs
T.G.I. Friday's
Golden Corral
Equipment
T.G.I. Friday's}
Golden Corral
Inventory
T.G.I. Friday's
Golden Corral
Receivables
T.G.I. Friday's
Golden Corral
Payroll
T.G.I. Friday's
Golden Corral

Training & Support
Training
T.G.I. Friday's
Golden Corral On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location
Support
T.G.I. Friday's
Golden Corral Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
T.G.I. Friday's
Golden Corral National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations
T.G.I. Friday's
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)

Expansion Plans
US Expansion
T.G.I. Friday's
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
Canada Expansion
T.G.I. Friday's 0
Golden Corral
International Expansion
T.G.I. Friday's
Golden Corral