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Below is an in-depth analysis and side-by-side comparison of Golden Griddle vs Green Beans Coffee Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $100,000 - $450,000 | $249,500 - $502,000 |
Franchise Fee | $25,000 | $25,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | 1%Nat'l + 1/2%Local |
Year Founded | 1964 | - |
Year Franchised | 1977 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Owner operated. Prior management experience in retail and food industry (Preferred) You have to be able to invest long hours to build and operate your business. | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Green Beans Coffee will supply Franchisee with a library of assets to choose from for marketing support including branding, product focused, new product introductions, seasonal offerings, grassroots and promotional print-ready artwork. |
Operations |
Franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Building local community is essential for success of your business and owning and operating your Green Beans Coffee Caf�. You must be present as you oversee and manage the training of your staff, greeting and thanking each customer for their support of your caf� and producing the top-notch products our customer's demand. Green Beans Coffee grants single franchises to full-time owner-operators. Standard hours are usually 6AM to 7PM Monday � Friday and 6AM to 5PM Saturday and Sunday. |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Golden Griddle was established in 1964, and started franchising in 1977. Their head office is located in Toronto, Ontario Canada, and the company is privately owned. Each Golden Griddle Family Restaurant is owned and operated by a franchisee in their local area, you can find many of these franchises open 24 hours. The Golden Griddle is famous for their great delicious pancakes and all day breakfast. They have a Kids menu, and serve a wide variety of meals for lunch and dinner, and are licensed to serve beer, wine and alcohol. There are Golden Griddle locations in the Greater Toronto area, South Western Ontario, Central Ontario and Eastern Ontario.
The key to retail success and especially with respect to food retailing is location placement and customer traffic. Since the transaction sizes are small, the ability to stretch the wallet with more than a coffee drink, serve the best cup of coffee every time and provide a reason for repeat customer visits is essential for your success with Green Beans Coffee. Green Beans Coffee Offers * Premium Organic Coffee and Espresso beverages plus brew-at-home products * Tea beverages and brew-at-home products * A wide selection of ice drinks, smoothies, protein drinks, brewed coffee and other prepared beverages * Cookies and pastries, both fresh baked and prepared on-demand * Food menu: Breakfast made-to-order items and for lunch, wraps, paninis and sandwiches * 12 Years of cafe experience in multiple countries and varied cafe formats including extensive training and development of your operation and on-going support in product development, procurement, marketing and promotions and best practices. Green Beans Coffee Company got its start with, and has a unique dedication to, the troops of the United States military. Within our cafes at home and around the world, Green Beans Coffee offers the men and women of the U.S. Armed Forces the highest quality coffee and tea beverages in an inviting environment where soldiers, airmen, sailors and marines can relax and feel at home.