Golden Corral vs Naples Tomato Franchise Comparison

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

Start-Up Costs and Fees

 
Golden Corral Franchise
Naples Tomato Franchise
Investment $2,700,795 - $7,037,915$1,353,000 - $1,892,500
Franchise Fee $50,000$30,000
Royalty Fee 4%5%
Advertising Fee 2.4%5%
Year Founded 19732005
Year Franchised 19862009
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee 15 years (plus two, 5-year renewal options)-


Business Experience Requirements

 
Golden Corral Franchise
Naples Tomato Franchise
Experience
  • Industry experience
  • (or must have partner with industry experience.)
  • What kind of people will run Naples Tomato franchises? Outgoing, independent people who love food and wines as much as we do. Do you� Love making people happy? Want a business that's more than a business - one that provides more than a business-servant relationship? Have very good business acumen? See the value in following a system and building a brand? Plan to spend 25-40 hours a week in the restaurant? Have the right financial resources? Naples Tomato franchises aren't right for everyone; but for those who qualify, the rewards will be great. We are looking for franchise owners for both single-unit franchises and area development agreements.

    Financing Options

     
    Golden Corral Franchise
    Naples Tomato 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
    Naples Tomato Franchise
    Training On-The-Job Training: 665 hours Classroom Training: 8.5 hours Additional Training: At company training locationThorough training in all the significant areas of your business, on-site start-up assistance and periodic visits, and a confidential operations manual to guide your daily operations Guidance in ordering initial supplies, food items and equipment, including specialty equipment such as our automated self-service wine system
    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/appAn exciting, comprehensive marketing program, including assistance with developing and implementing effective communications materials and campaigns
    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)

    As a Naples Tomato franchise owner, you'll spend your days watching people enjoy themselves and celebrate good times. You'll finish the day thinking about how many smiles you created.

    Expansion Plans

     
    Golden Corral Franchise
    Naples Tomato Franchise
    US Expansion YesYes
    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 Naples Tomato

    We regret to announce the closing of Naples Tomato. Your Place for Vine Dining! � Cash in on the hot Mediterranean dining trend! Our Vine Dining� concept is a uniquely American approach to the Mediterranean lifestyle and Italian food that bridges the gap between chain dining and fine dining. In an area with hundreds of restaurants, find out why Naples Tomato was voted best Italian. Franchise owners who love food and wine will enjoy pride of ownership while doing what they love. You'll sample imaginative wines, use award-winning recipes, and network with other local business owners - even rub elbows with an occasional celebrity! Our concept offers broad general appeal with many ways to make money. As a Naples Tomato franchise owner, you'll get: The popular Naples Tomato concept - founded in Naples, Florida and refined with constant feedback from a discerning and well-traveled clientele National and local endorsements A unique go-to-market ecosystem that shortens time-to-success A corporate management team that cares as much about franchise owners' success as they do their own. Wouldn't it be nice to work with a real winner? Since it opened its doors four years ago, the original Naples Tomato restaurant has become an institution in our hometown of Naples, Florida - a favorite of locals and visitors alike. Naples Tomato is one of the most consistently booked restaurants in Naples - a real restaurant town, with more than 600 dining options to choose from. OpenTable diners - the nation's most serious diners - consistently rank us tops in Southwest Florida in multiple categories: Fit for Foodies Hot Spot Most Booked Naples Neighborhood Gem Notable Wine List We've also received glowing reviews and accolades from local and national media, from our own Naples Daily News to The New York Times and Zagat. For the last three years, our wine program has earned the coveted Wine Spectator Best of Award of Excellence - one of only about 800 restaurants worldwide to win the Two-Glass award.