Krystal Restaurants vs Good Times Burgers Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Krystal Restaurants vs Good Times Burgers including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Krystal Restaurants Franchise
Good Times Burgers Franchise
Investment $900,000 - $1,300,000$750,000 - And Up
Franchise Fee $32,500N/A
Royalty Fee 4.5%4%
Advertising Fee -up to 5.5%
Year Founded 1932-
Year Franchised 1990-
Term Of Agreement 20 years15 years
Term Of Agreement 20 years15 years
Renewal Fee $8.1K-


Business Experience Requirements
 
Krystal Restaurants Franchise
Good Times Burgers Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Krystal Restaurants Franchise
    Good Times Burgers Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Krystal Restaurants Franchise
    Good Times Burgers Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, Regional advertising-
    Operations Franchisees required to buy multiple units/master licenses; 94% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 30

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Krystal Restaurants Franchise
    Good Times Burgers Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Krystal Restaurants

    The Krystal Company is the oldest quick service restaurant chain in the South and the second oldest in the United States. The Chattanooga-based company currently has more than 450 restaurants in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia. Founded in 1932, Krystal restaurants have become more than sparkling-clean eateries where friendly employees serve up fresh, delicious food. Krystal has become a cultural icon and an experience that virtually every man, woman and child in the South has shared. Nearly everyone in the region has a Krystal memory. The Krystal brand, and the great food, service, value and setting which it represents, has taken a prominent place in the South's cultural landscape.

    About Good Times Burgers

    Good Times offers a concept that serves success, opportunity and fun. We provide our franchisees with a high level of support and personal care throughout the franchise process. Good Times seeks both individual and multi-unit development franchisees for development in western and mid-western markets.
    We are a quick service restaurant chain serving a high quality, fresh, unique, proprietary selection of hamburgers made with Meyer All-Natural, All-Angus beef, All-Natural chicken from Springer Mountain Farms, Hatch Valley Green Chile Breakfast Burritos, signature Wild Fries and Natural Cut Fries, Beer Battered Onion Rings and fresh, creamy Frozen Custard in a variety of flavors, hand-spun shakes and Spoonbenders.