Golden Corral vs Best of Mediterranean Franchise Comparison

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

Start-Up Costs and Fees
 
Golden Corral Franchise
Best of Mediterranean Franchise
Investment $2,700,795 - $7,037,915$126,300 - $574,700
Franchise Fee $50,000$20,000
Royalty Fee 4%4%
Advertising Fee 2.4%-
Year Founded 1973-
Year Franchised 1986-
Term Of Agreement 15 years10 years
Term Of Agreement 15 years10 years
Renewal Fee 15 years (plus two, 5-year renewal options)-


Business Experience Requirements
 
Golden Corral Franchise
Best of Mediterranean Franchise
Experience
  • Industry experience
  • (or must have partner with industry experience.)
    		• -

    Financing Options
     
    Golden Corral Franchise
    Best of Mediterranean 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
    Best of Mediterranean 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 Platform-
    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
    Best of Mediterranean Franchise
    US Expansion Yes-
    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 Best of Mediterranean

    * No Restaurant Experience Needed * Fresh Food, Fresh Ingredients * Multiple Profit Centers in Each Restaurant * You Can Add Dishes Unique to Your Area * Start up or Conversion Models Available * No Royalties For The First 90 Days New, exciting & healthy eating Best of Mediterranean� is the first Mediterranean concept in the franchise world nationwide, an operation of a full service restaurant offering authentic Mediterranean cuisine featuring popular Middle Eastern dishes that Americans have grown to appreciate. Each restaurant will offer a menu of Mediterranean and Middle Eastern prepared dishes that include but are not limited to: A variety of salads, soups, appetizers, falafel, kabobs, gyros, vegetarian items, grilled meats, poultry and combination plates. Everyday, more and more people are trying to check their carbohydrates and to check their fat intake. Best of Mediterranean� franchise offers a variety of homemade Middle Eastern dishes utilizing fresh ingredients that are made each day, consistent with our high standards of quality without added carbohydrates and fat. An Adventure & Atmosphere The System is developed to offer customers a unique dining experience by offering authentic Mediterranean cuisine in a customer service oriented environment. This is a casual dining restaurant that offers: Counter service, in-house seating, take-out, delivery and catering services. Unlike other restaurants Best of Mediterranean� tantalizes all the senses. The grill is out in front of the customers where they hear the sizzle and smell the grilled fresh meats. Delicious bounties of crisp colorful vegetables dazzle the eyes. It's a great atmosphere, people experience and love. Franchise Opportunity Quick check list to determine if Best of Mediterranean� is the right fit for you: �Are you willing to be part of a new fast growing business concept? �Are you willing to be the first person to introduce a new concept to your city, town or area? �Are you willing to work hard and be active in the business? �Are you passionate about serving quality food? �Are you willing to follow our proven Best of Mediterranean operating system? If your answers were "yes" to all these questions, Best of Mediterranean� may be your successful future! Contact Us 866.459.2751 & do not forget to ask us about 2008 franchise promotions!