Golden Krust vs Santorini Island Grill Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Golden Krust vs Santorini Island Grill including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Golden Krust Franchise
Santorini Island Grill Franchise
Investment $225,900 - $687,000$154,500 - $273,000
Franchise Fee $40,000$29,500
Royalty Fee 3%6%
Advertising Fee 2%-
Year Founded 19881999
Year Franchised 19962006
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee $25K25% of then-current fran. fee


Business Experience Requirements

 
Golden Krust Franchise
Santorini Island Grill Franchise
Experience --

Financing Options

 
Golden Krust Franchise
Santorini Island Grill Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/YesYes/No
Start-up Costs No/YesNo/No
Equipment No/YesNo/Yes
Inventory No/YesNo/Yes
Receivables No/YesNo/No
Payroll No/YesNo/No

Training & Support

 
Golden Krust Franchise
Santorini Island Grill Franchise
Training Our Golden Krust franchise support continues throughout training and staff formation. We will train and assist you in opening and operating your franchise. Our highly experienced Golden Krust staff will take you through our comprehensive three-week course given at our Corporate training Center located at 1381 East Gunhill Road or other designated training restaurants. Upon completion of the course, you will be ready to operate your franchise. Members of our franchise support team will also assist you in your store during your first two weeks of opening to ensure that you are self-sufficient. After this time, the franchise support team will be readily available should you need further assistance. On-The-Job Training: 47 hours Classroom Training: 33 hours Additional Training: At designated operating store * Available at headquarters: 3 weeks

* At franchisee's location: 3-4 weeks

Support Golden Krust will guide you the franchisee in the critical decisions involved in starting your business: selecting a site, merchandising the franchise store, assisting with the initial inventory, hiring and training staff, beginning systematic marketing. We also assign experienced professional field service manager to monitor performance and provide advice and direction in regular operations. This ongoing engagement in the business has two purposes: It ensures that you will follow the franchise system, protecting the value of the Golden Krust's market identity. It also gives you the franchisee a consultant who is intimately familiar with this type of business to provide advice and problem solving assistance. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
Operations 25% of all franchisees own more than one unit

Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

Number of Employees Required to Run: 8 - 8

* Number of employees needed to run franchised unit: 6 - 6

* Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)


Expansion Plans

 
Golden Krust Franchise
Santorini Island Grill Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion YesYes

Company Overviews

About Golden Krust

Our franchising program is predicated on the fact that the company will only remain competitive if our franchisees are successful. We are dedicated to achieving that success. Ours is a "partnership" with our franchisees. Consequently, we look for franchisees with certain qualities. These include a strong desire to succeed, the ability to lead effectively and the ability to devote the time and energy necessary to run a successful business. We, therefore, seek people with "common business sense" who are highly qualified to join the Golden Krust family.

Veteran Incentives  $10,000 off franchise fee

About Santorini Island Grill

Santorini Island Grill is a  turnkey restaurant franchise opportunity complete for franchise owners. Join our company and receive the support and training necessary to be successful as an owner of this Greek restaurant.

Participate in our training program which involves classroom and practical work. After launching you will be covered by our franchising expertise and years of experience. As a Santorini Island Grill franchise restaurant owner you will acquire the rights to use our brand name and trademarks, daily operations procedures, construction and design assistance and policy manuals, marketing and advertising, employee selection and management aid, on-going training, employee selection and management aid and much more. Join us today for an exciting career and bring a tasty concept to your neighborhood.