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Updated RecentlyGolden Corral vs George Webb Restaurants Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Golden Corral vs George Webb Restaurants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $2,700,795 - $7,037,915 | $402,000 - $850,000 |
| Franchise Fee | $50,000 | $250,000 |
| Royalty Fee | 4% | - |
| Advertising Fee | 2.4% | - |
| Year Founded | 1973 | 1948 |
| Year Franchised | 1986 | 1953 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | 15 years (plus two, 5-year renewal options) | - |
Business Experience Requirements |
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| Experience | Previous restaurant/retail experience preferred for individuals with a passion for the restaurant business, operating under the philosophies of People, Place, Product and Profit. | |
Financing Options |
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| In-House/3rd Party | In-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 |
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| Training | On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location | Comprehensive initial training and pre-opening training provided at company owned locations and corporate training center. On-going management training and development provided for all franchisees, operators, managers and supervisory staff. |
| 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 |
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| 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 George Webb Restaurants
A Wisconsin tradition since 1948, George Webb is the 24-hour neighborhood restaurant serving breakfast all day, along with lunch and dinner, with menu items from omelets to burgers and sandwiches to chicken, fish and shrimp dinners. We are famous for our Golden Hashbrowns and Wheatcakes, homemade soups and chili and our signature Premium-Blend coffee.
George Webb has built our brand around a simple
promise: we are a neighborhood restaurant that serves good food at value
prices, 24 hours a day. It has resulted in remarkable customer loyalty.
Few franchise concepts can match George Webb’s knack for turning
customers into "regulars.” According to a customer satisfaction survey,
59 percent of Webb customers visit one or more times each week, and 95
percent of customers come back one or more times a month. Food is a
universal need and George Webb meets it in a way that our customers
prefer. That kind of loyalty gives George Webb franchise owners a solid
base on which to build their businesses.