Golden Corral vs abc Country Restaurants Franchise Comparison

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

Start-Up Costs and Fees
 
Golden Corral Franchise
abc Country Restaurants Franchise
Investment $2,700,795 - $7,037,915$250,000 - $700,000
Franchise Fee $50,000$50,000
Royalty Fee 4%4%
Advertising Fee 2.4%2%
Year Founded 19731972
Year Franchised 19861983
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee 15 years (plus two, 5-year renewal options)-


Business Experience Requirements
 
Golden Corral Franchise
abc Country Restaurants Franchise
Experience
  • Industry experience
  • (or must have partner with industry experience.)
    		• -

    Financing Options
     
    Golden Corral Franchise
    abc Country Restaurants Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Golden Corral Franchise
    abc Country Restaurants 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 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 Franchise
    abc Country Restaurants Franchise
    US Expansion Yes-
    Canada Expansion NoYes
    International Expansion Yes-

    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 abc Country Restaurants

     Your country, your restaurant, your franchise opportunity.

    abc Country Restaurants are designed to feel as comfortable as home and as authentic as the menu. We appeal to a variety of diners from the early morning crowd, to families in for Friday night dinner, and everyone in between. Diners at abc can expect genuine service and the taste of country in a relaxed atmosphere.

    Since 1972, abc has been building on the concept of family dining in BC and Alberta. abc Country is a federally incorporated franchise company that is privately owned and operated across British Columbia and Alberta with our head office located in Burnaby, BC.

    Acquiring an abc Country requires a few different costs. Obtaining the exclusive rights to an abc Country Restaurant Franchise is $50,000. There is an additional 4% royalty fee and 2% advertising fee based on monthly sales volumes.

    Starting up your own franchise will vary in cost depending on whether or not you are starting from scratch or building on a previously existing restaurant. The development of a new location varies, but it is usually upwards of $700,000. The cost to convert an existing restaurant starts around $200,000 depending on the equipment already in place. Whichever way you decide, becoming an owner of your neighbourhood’s new favourite restaurant is as simple as a.b.c.

    We are interested in any proposals and are always up for the task for a new location. After all, every neighbourhood deserves an abc Country Restaurant.