Golden Corral vs Soul Fixins' Restaurant Franchise Comparison

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

Start-Up Costs and Fees
 
Golden Corral Franchise
Soul Fixins' Restaurant Franchise
Investment $2,700,795 - $7,037,915$274,000 - $524,000
Franchise Fee $50,000$30,000
Royalty Fee 4%5%
Advertising Fee 2.4%-
Year Founded 19731993
Year Franchised 19862004
Term Of Agreement 15 years20 years
Term Of Agreement 15 years20 years
Renewal Fee 15 years (plus two, 5-year renewal options)50% of then franchise fee


Business Experience Requirements
 
Golden Corral Franchise
Soul Fixins' Restaurant Franchise
Experience
  • Industry experience
  • (or must have partner with industry experience.)
    		• -

    Financing Options
     
    Golden Corral Franchise
    Soul Fixins' Restaurant Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Golden Corral Franchise
    Soul Fixins' Restaurant Franchise
    Training On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training location-
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet PlatformGrand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    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)

    Absentee ownership of franchise is allowed.

    Expansion Plans
     
    Golden Corral Franchise
    Soul Fixins' Restaurant Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesNo

    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 Soul Fixins' Restaurant

    NO LONGER FRANCHISING

    Soul Fixins' Restaurant has been working since 1992; New York's multi-grant winning Berry Brothers have been idealizing and making energizing soul sustenance food. Their eatery can brag of rehashed "Elite" Awards, a dedicated and developing after and extravagant acclaim from nearby, provincial and national nourishment authors. The purposes behind this are the freshness of both the fixings and their reasoning. The nourishment is basic yet scrumptious. As clients enter the eatery, drifts of home cooking fill the air; the scents of fricasseed chicken, BBQ save ribs, shrimp scampi and meatloaf buoy to their nose. In any case, the great odors don't measure up to the incredible kinds of this Southern food once they take a seat to take a nibble. Maybe the most shocking enjoyments are the side dishes and vegetables. The plantains, the macintosh and cheddar and the collard greens are shockingly better than they would envision.