Golden Corral vs Red Hot & Blue Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Golden Corral vs Red Hot & Blue including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Golden Corral Franchise
Red Hot & Blue Franchise
Investment $2,700,795 - $7,037,915$380,700 - $1,000,000
Franchise Fee $50,000$45,000
Royalty Fee 4%5%
Advertising Fee 2.4%-
Year Founded 19731988
Year Franchised 19861990
Term Of Agreement 15 years20 years
Term Of Agreement 15 years20 years
Renewal Fee 15 years (plus two, 5-year renewal options)-


Business Experience Requirements
 
Golden Corral Franchise
Red Hot & Blue Franchise
Experience
  • Industry experience
  • (or must have partner with industry experience.)

  • Industry experience
    		•

    Financing Options
     
    Golden Corral Franchise
    Red Hot & Blue Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Golden Corral Franchise
    Red Hot & Blue Franchise
    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 PlatformNewsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations
    Marketing National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/appAd slicks, National media, Regional advertising
    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)

    		 60% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 60

    Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators)

    Expansion Plans
     
    Golden Corral Franchise
    Red Hot & Blue Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Golden Corral

    Golden Corral restaurants began as budget steakhouses located principally in small cities from Virginia to Texas. In the mid-1980s, guest requests prompted Golden Corral to reinvent itself by introducing the Buffet & Grill Metro unit that features 160 hot and cold items, a carving station, and the Brass Bell Bakery, which offers rolls, muffins, cookies, pies and pizza made from scratch. The buffet was expanded in 2001 to include cooked-to-order sirloin steaks.

    The total investment necessary to begin operation of a restaurant ranges from $2,700,795 to $5,340,215 for the less expensive restaurant design, and from $3,453,379 to $7,037,915 for the more expensive restaurant design. This amount includes $51,400 to $4,482,285 that must or may be paid to the franchisor or its affiliates.

    #90 in Franchise 500 for 2020.

    About Red Hot & Blue

    We've attracted successful multi-unit franchisees and owners from such brands as Melting Pot, Papa Murphy's, Pizza Hut, Burger King, Hard Times Cafe, and Holiday Inn. Clearly, they know a winning system when they see it. � Exceptional sales-to-investment ratio � 20 Years as a National BBQ Chain in markets such as Texas, N. Carolina, and Washington, DC � Leader in the exploding BBQ Category � Multi-Award Winning, Nationally recognized Restaurants and Sauces