Golden Corral vs Albert's Family Restaurant Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Golden Corral vs Albert's Family Restaurant including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Golden Corral Franchise
Albert's Family Restaurant Franchise
Investment $2,700,795 - $7,037,915$280,000 - $400,000
Franchise Fee $50,000$25,000
Royalty Fee 4%-
Advertising Fee 2.4%-
Year Founded 1973-
Year Franchised 1986-
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
Albert's Family Restaurant Franchise
Experience
  • Industry experience
  • (or must have partner with industry experience.)
  • -

    Financing Options

     
    Golden Corral Franchise
    Albert's Family Restaurant 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
    Albert's Family Restaurant Franchise
    Training On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training locationAlbert's will provide you with an extensive four week training program which covers all aspects of restaurant operations. Our professional training representatives will take you through each stage of operations, including: purchasing, kitchen routines, personnel and recruiting, management controls such as food and labour costs, equipment maintenance, marketing and promotions, customer and employee relations. All training is completed in Edmonton, Alberta.
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet PlatformFranchising is a partnership that depends on cooperation and mutual support. That's why we offer all our franchisees ongoing professional support in all aspects of operations. This support ensures the profitability of each restaurant. Our Operations Manager will periodically visit your restaurant to assist in the launching of new menu items, update purchasing programs, or to assist you in any area of operations. Albert's senior management strongly believes in action: immediate follow-up on your requests for assistance.
    Marketing National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/appAlbert's Franchise Inc. has a commitment to increasing market share through professional assistance to all franchisees, aggressive promotion and marketing, increasing the customer-base in every unit, and most important, increase the awareness of the Albert's brand name throughout Western Canada. Today's customer identifies with a established brand name...it's the most valuable commodity a company can own. Customer loyalty to a brand is exactly what franchising is all about. Our marketing support will reflect changing needs and trends, and through communications with you, we will enhance our advertising and promotion efforts to assure you are receiving the most effective marketing possible.
    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)

    Our aim is to build a strong franchise network by providing an efficient Operating System. Albert's Operating Manual documents our system and is easy to follow. This manual is the franchisee's continual reference to ensure employees are following the proper methods and procedures.

    Expansion Plans

     
    Golden Corral Franchise
    Albert's Family Restaurant Franchise
    US Expansion Yes-
    Canada Expansion No-
    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 Albert's Family Restaurant

    Today's economy demands a track record of success from any business wishing to achieve long-term employment and profit goals. Our track record dates back 50 years with the opening of our first Albert's in Edmonton, Alberta. And considering today's highly competitive market, Albert's five decades of achievement is indeed impressive.
    Over the years Albert's has adapted to changing market trends of family eating habits and preferences. As a result of our market adaptation we have expanded our menu to reflect the desires  of our customer,
    evolving into our present image as a family restaurant, with a choice of 75 different recipes from which to select our daily specials, as well as exciting lunch and dinner specials.
    For fifty years we have maintained our loyal customer base for three reasons:
    1. Quality Food
    2. Reasonable Prices
    3. Excellent Service.
    Because of our track record we are now able to offer an Albert's Family Restaurant franchise opportunity to the right kind of people. People who desire success as we do. Our established trade name, proven operating system and ongoing support are the tools our franchisees need to succeed and increase market share.
    Albert's vision is to build a network of some 50 units and thus achieve our goal of being the Premier Family Restaurant Franchise Group in Western Canada. We invite you to join in our success as we grow and prosper.