Golden Krust vs CHURROMANIA Franchise Comparison

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

Start-Up Costs and Fees

 
Golden Krust Franchise
CHURROMANIA Franchise
Investment $225,900 - $687,000 $135,000 - $335,000
Franchise Fee $40,000 $30,000
Royalty Fee 3% 8%
Advertising Fee 2% -
Year Founded 1988 1997
Year Franchised 1996 1998
Term Of Agreement 10 years 5 years
Term Of Agreement 10 years 5 years
Renewal Fee $25K -


Business Experience Requirements

 
Golden Krust Franchise
CHURROMANIA Franchise
Experience - -

Financing Options

 
Golden Krust Franchise
CHURROMANIA Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees No/Yes -/-
Start-up Costs No/Yes -/-
Equipment No/Yes -/-
Inventory No/Yes -/-
Receivables No/Yes -/-
Payroll No/Yes -/-

Training & Support

 
Golden Krust Franchise
CHURROMANIA 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 Corporate Office and In-store 10 days.
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 Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Ad Slicks, Brochures, Catalogs, Coupon/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show, Exhibits, Videos, Churro Truck and Community involvement.. Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies.
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

Average Number of Employees: 6 Full-time. Passive Ownership: Allowed.

Expansion Plans

 
Golden Krust Franchise
CHURROMANIA Franchise
US Expansion Yes Yes
Canada Expansion No -
International Expansion Yes Yes

Start-Up Costs and Fees Mobile

Investment
Golden Krust Franchise
$225,900 - $687,000
CHURROMANIA Franchise
$135,000 - $335,000
Franchise Fee
Golden Krust Franchise
$40,000
CHURROMANIA Franchise
$30,000
Royalty Fee
Golden Krust Franchise
3%
CHURROMANIA Franchise
8%
Advertising Fee
Golden Krust Franchise
2%
CHURROMANIA Franchise
-
Year Founded
Golden Krust Franchise
1988
CHURROMANIA Franchise
1997
Year Franchised
Golden Krust Franchise
1996
CHURROMANIA Franchise
1998
Term Of Agreement
Golden Krust Franchise
10 years
CHURROMANIA Franchise
5 years
Renewal Fee
Golden Krust Franchise
$25K
CHURROMANIA Franchise
-


Business Experience Requirements

Experience
Golden Krust Franchise
-
CHURROMANIA Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Golden Krust Franchise
No/Yes
CHURROMANIA Franchise
-/-
Start-up Costs
Golden Krust Franchise
No/Yes
CHURROMANIA Franchise
-/-
Equipment
Golden Krust Franchise
No/Yes
CHURROMANIA Franchise
-/-
Inventory
Golden Krust Franchise
No/Yes
CHURROMANIA Franchise
-/-
Receivables
Golden Krust Franchise
No/Yes
CHURROMANIA Franchise
-/-
Payroll
Golden Krust Franchise
No/Yes
CHURROMANIA Franchise
-/-

Training & Support

Training
Golden Krust Franchise
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
CHURROMANIA Franchise
Corporate Office and In-store 10 days.
Support
Golden Krust Franchise
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
CHURROMANIA Franchise
Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control
Marketing
Golden Krust Franchise
Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
CHURROMANIA Franchise
Ad Slicks, Brochures, Catalogs, Coupon/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show, Exhibits, Videos, Churro Truck and Community involvement.. Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies.
Operations
Golden Krust Franchise
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

CHURROMANIA Franchise
Average Number of Employees: 6 Full-time. Passive Ownership: Allowed.

Expansion Plans

US Expansion
Golden Krust Franchise
Yes
CHURROMANIA Franchise
Yes
Canada Expansion
Golden Krust Franchise
No
CHURROMANIA Franchise
-
International Expansion
Golden Krust Franchise
Yes
CHURROMANIA Franchise
Yes

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 CHURROMANIA

"We have reinvented the Churro to compete", says Ariel Acosta-Rubio, Founder-CEO of CHURROMANIA®, at the Dolphin Mall Store in Miami, Florida. Can the churro displace the doughnut and the cinnamon roll in the United States? What began sixteen years ago as a family business in an eastern coastal town in Venezuela has become a transnational franchise with more than 100 stores. Now, its owners and founders Ariel Acosta-Rubio and Maria Alejandra Bravo De Acosta-Rubio are betting that they will be able to turn a modern version of the traditional Spanish pastry into the most innovative dessert sold in Florida and worldwide. "We have rescued the churro. We have reinvented it to compete with any other kind of fast food", says Acosta-Rubio, founder-CEO of CHURROMANIA®, the Venezuelan franchise with international headquarters on Miami´s Brickell Avenue. Just as other franchises have exported the U.S fast-food culture to Latin America, Latin American fast-food franchises are slowly bringing the flavors of their countries to U.S taste buds. As the United States' Hispanic population and its purchasing power grow, the major metropolitan areas are ready to absorb the new Latin American fast-food offerings, says Marcel Portman, vice president for global development with the International Association of Franchises, a commercial group in Washington, D.C. In 2001 CHURROMANIA® opened It's first store in the United States at Dolphin Mall in Miami Florida, and since then, at Miami International Mall, Westland Mall, Pembroke Lakes Mall; Broward Mall, Southland Mall, Dadeland Mall, Coral Square Mall, Walmart Super Store at Pembroke Pines, The Churromania Truck and Sawgrass Mills Mall; in Orlando Florida Festival Bay Mall and Florida Mall CHURROMANIA® has expanded upon the basic churro, offering: BIG MANIA sprinkled with sugar or cinnamon and filled with dulce de leche, chocolate, guava, cream cheese, strawberry, caramel, sweet condensed milk, hazelnut chocolate (Nutella). TWIST MANIA: choose up to two toppings: sugar, cinnamon , dulce de leche, chocolate, guava, cream cheese, strawberry, caramel, sweet condensed milk, hazelnut chocolate (Nutella). CRISPY MANIA sprinkled with sugar or cinnamon. A TRADITION IN SPAIN Eaten with hot chocolate or café con leche, the churro is a tradition inherited from Spain. CHURROMANIA® is also present in the following countries: Colombia, Panama , Peru, Aruba, Dominican Republic and Venezuela.