Golden Corral vs I Dream of Falafel Franchise Comparison

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

Start-Up Costs and Fees
 
Golden Corral Franchise
I Dream of Falafel Franchise
Investment $2,700,795 - $7,037,915$337,811 - $470,302
Franchise Fee $50,000$25,000
Royalty Fee 4%5%
Advertising Fee 2.4%3%
Year Founded 19732009
Year Franchised 19862011
Term Of Agreement 15 years10 years +5+5
Term Of Agreement 15 years10 years +5+5
Renewal Fee 15 years (plus two, 5-year renewal options)-


Business Experience Requirements
 
Golden Corral Franchise
I Dream of Falafel Franchise
Experience
  • Industry experience
  • (or must have partner with industry experience.)
    		• Prior experience in foodservice is a plus but not required to join the I Dream of Falafel system. We look for franchise owners who have solid staff management and customer service skills. We are also seeking franchise owners who will be directly involved in the operations and growth of their I Dream of Falafel businesses, unless they have an operating partner with a minimum equity in the business. In turn, we'll provide the support franchisees need to run their I Dream of Falafel operations. We do, of course, also expect that franchisees have the right amount of capital to invest in the franchise.

    Financing Options
     
    Golden Corral Franchise
    I Dream of Falafel 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
    I Dream of Falafel Franchise
    Training On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training locationWe will provide pre-opening franchisee training to up to three individuals for up to 28 days at our corporate support center, plus up to ten days of onsite assistance and training around the time of your restaurant's Grand Opening.
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet PlatformWe will provide pre-opening franchisee training to up to three individuals for up to 28 days at our corporate support center, plus up to ten days of onsite assistance and training around the time of your restaurant's Grand Opening. As a franchise owner, you will have access to all I Dream of Falafel trademarks, recipes and procedures. We'll also present you with a copy of our confidential operations manual to help you run your restaurant properly on a day-to-day basis.
    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
    I Dream of Falafel Franchise
    US Expansion YesYes
    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 I Dream of Falafel

    A Flavorful Opportunity with the I Dream of Falafel Mediterranean Restaurant Franchise Consumers are not only looking for great taste and affordability but also varied, healthier menu options. The I Dream of Falafel Mediterranean restaurant franchise fulfills their wishes! According to a number of media sources, the popularity of Mediterranean cuisine1 (including hummus, chickpeas, yogurt, olive oil, and other items deemed healthful by consumers), continue to grow year over year, as does revenue from sales of Mediterranean-inspired menu selections That's why I Dream of Falafel is appealing to so many different types of customers: from younger students to older professionals, from families to singles, plus vegetarians and vegans, and more - just about everyone can find something to love. The I Dream of Falafel menu is streamlined, yet amazingly diverse, with a nearly limitless number of possible meal combinations and fresh options for all our guests.