Golden Corral vs IL FORNELLO Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Golden Corral vs IL FORNELLO including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
| Investment |
$2,700,795 - $7,037,915 | $100,000 - $700,000 |
| Franchise Fee |
$50,000 | $35,000 |
| Royalty Fee |
4% | 4% |
| Advertising Fee |
2.4% | 1% |
| Year Founded |
1973 | 1986 |
| Year Franchised |
1986 | 1989 |
| Term Of Agreement |
15 years | - |
| Term Of Agreement |
15 years | - |
| Renewal Fee |
15 years (plus two, 5-year renewal options) | - |
Business Experience Requirements |
| Experience |
Industry experience (or must have partner with industry experience.) | - |
Financing Options |
| |
In-House/3rd Party | In-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 |
| Training |
On-The-Job Training: 665 hours
Classroom Training: 8.5 hours
Additional Training: At company training location | 10 weeks |
| 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 |
| US Expansion |
Yes | - |
| Canada Expansion |
No | Yes |
| 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 IL FORNELLO
In 1986 IL FORNELLO introduced Toronto to wood-oven baked pizza
and the response was overwhelming. From the very first day IL FORNELLO
opened its doors our priority has been to provide our guests with the
highest quality food and service possible. But we have also anticipated
and adapted to the evolving food preferences and sensitivities of our
customers. As a result, IL FORNELLO was the first Italian restaurant to
offer gluten-free pizza and pasta on our menu and, most recently, an
extensive and creative Vegan menu that has been extremely successful.
Because of our constant focus on customer service, IL FORNELLO has
not just weathered recessions, changing demographics and the constantly
challenging landscape that is the food service industry, it has thrived.
With successful corporate and franchise locations in Toronto, Ajax,
Richmond Hill and Oakville, IL FORNELLO Restaurants is ready to grow
again.
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