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Below is an in-depth analysis and side-by-side comparison of Golden Griddle vs Soul De Cuba Cafe 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 | $160,350 - $487,000 |
Franchise Fee | $25,000 | $65,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | - | - |
Year Founded | 1964 | 2005 |
Year Franchised | 1977 | 2009 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
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 | - |
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) | - |
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.
What makes the franchising way of doing business so attractive? For one, franchise owners can build on brand awareness as the franchise system expands. Not to mention, the Soul de Cuba Cafe is a distinctive concept that stands out among typical franchise restaurant offerings. While many people envision themselves owning their own restaurant, a large proportion of them lack the knowledge, skill, and operational experience offered by a franchise company. Following the established Soul de Cuba Cafe system of operation may help reduce your risk. Finally, as a member of the Soul de Cuba franchise family, you'll have the advantage of owning your own business, with the support of experienced restaurateurs behind you every step of the way. Owning a Soul de Cuba Cafe franchise entitles you to a broad spectrum of support services. We are here for you today and tomorrow. You'll receive in-depth training in every aspect of Soul de Cuba's business operations and procedures, including our original, authentic recipes and food preparation techniques. Classroom instruction will cover such areas as administration, sales/marketing and more, plus on-the-job training will provide you with hands-on exposure to day-to-day procedures. Just prior to the opening of your Cafe, we'll send an experienced trainer to assist you. An exceptional operational tool, your operations manual will contain well-organized, detailed information on everything related to the Soul de Cuba Cafe franchise. You'll rely on this comprehensive, "go-to" resource as you start out and in the years to come. We'll provide you with site selection guidelines to help you choose an appropriate location for your Soul de Cuba Cafe franchise. Our marketing support will consist of consumer marketing plans and materials for you to use in your area. We'll also show you how to make the best use of publicity, increase your visibility, and build interest in your Cafe. Plus, the beautiful Soul de Cuba Website serves as an additional marketing tool. We're dedicated to all the members of the Soul de Cuba franchise family and will do everything we can to help you build a strong business. You'll be periodically visited by a Soul de Cuba field representative, and you may also contact us, via phone or email, with any questions you may have. If you're looking for a franchise that speaks to your interest in cross-cultural concepts, Soul de Cuba Cafe may be the right opportunity for you. We're seeking well-traveled individuals who are intellectually curious about world cultures and passionate about serving interesting cuisine. You must possess strong sales and customer-service skills, as well as the ability to build relationships with customers. Soul de Cuba Cafe offers a fascinating journey into the culture, history, and religious influences of Cuba, while providing exquisite food in a fun atmosphere. To learn more about how you may become part of this exceptional concept, contact us at your earliest convenience. We're looking forward to talking with you! 978-886-7908