Gold Star Chili Franchise Review
Gold Star Chili is analyzed based on our most recent FDD research!
Franchise Opportunity Information
How much does an Gold Star Chili franchised business cost?
Gold Star Chili has a franchise fee of up to $30,000, with a total initial investment range from $685,500 to $1,006,000.
- Initial Franchise Fee: $30,000
- Total Investment: $685,500 to $1,006,000
- Working Capital: $15,000 to $30,000
- Royalty Fee: 5.0%
The initial investment of any franchised business includes multiple fees. Explore this investment opportunity to better understand the specific costs required to own an Gold Star Chili, such as franchise fees, leasehold improvement costs, grand opening marketing, and equipment purchases. As a reminder, franchise companies must to provide you with details about all upfront fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.
Can you Afford an Gold Star Chili Franchise. Complete our Affordability Calculator to find out!
How much can I earn by owning a Gold Star Chili franchise?
As with any new franchised business, the franchisee's income and the revenue from a Gold Star Chili franchise opportunity depends on a variety of factors. One way to validate the potential revenues or profits earned from a Gold Star Chili franchise investment is to review the franchisor's Item 19 within their FDD. Typically, earnings and owner's income are proportionate to the size of the investment and number of locations you own. Demand for your products, the labor costs, commercial lease rates and a number of other variables also play a huge role in your earnings and your personal income
For more details and system-specific data on the revenue of an Gold Star Chili franchised business, unlock this franchise opportunity
How many franchise outlets does Gold Star Chili franchise own?
As of the 2021 Franchise Disclosure Document, there are 60 franchised Gold Star Chili locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any Gold Star Chili franchise opportunities near me?
Based on 2021 FDD information, Gold Star Chili has franchised locations in 3 states.
Based on our research Gold Star Chili is expanding into new markets and could be available in your city. While planning your franchise purchase, you should be thinking about where is a good location for my business. Anlayze the potential customer base to confirm that your city has a need or customers for this brand. Even the most successful franchises have regions that they are not successful in. The reasons why a specific franchised location can fail can be plentiful. You should review not only the franchise itself, but map out areas where you believe it has a more customers and higher profitability.
One of our franchise advisors will have detailed knowledge about this franchised business. Sign up to learn more and talk with our experts.
Last Reviewed: 2021
Sector: Quick Service Restaurants
Category: Other Quick Service Restaurants
Gold Star Chili Franchise DATA
10 Years
10 Years
67
60
5.0%
7.0%
ADDITIONAL QUESTIONS
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 144 hours. This includes 62 hours of classroom training, 82 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 82 |
| Classroom | 62 |
| Total | 144 |
Do they offer Territory Protections?
Gold Star Chili offers territory protections. For an explanation of territorial rights, unlock this franchise opportunity for important details.
Do they have computer and technology support in place?
Yes, Gold Star Chili offers comprehensive support for franchisees. Unlock this franchise to find out more.
How long ago did they start franchising?
They began franchising in 1966. The average Other Quick Service Restaurants franchise began franchising in 2005.
Does Gold Star Chili offer lending support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
Unlock this opportunity for instant access to our research findings, including:
- Growth breakdown
- Turnover breakdown
- Financial details
- Initial and renewal terms
- Royalties and ongoing fees
- Important Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchisee profits?
- Does this franchise provide Veteran or First Responder discounts?
- Does this franchise use public figures to promote their franchise?
- Does this franchise disclose any bankruptcies?
- Are they affiliated with any other franchise brands or private equity investment groups?
- How many new outlets have they opened over the last 5 years?
- How many franchised outlets have closed over the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have terminated over the last 5 years?
- Does this franchise operate any company or affiliate owned outlets?
- How many years is their initial and renewal term lengths?
- How do they solve franchise owner disputes?
- How long have they been franchising?
- Are they actively selling franchises in the US?
- How often are royalties and advertising fees paid to the franchisor?
- Is your desired franchise territory available?
- What is the role of technology in the operation of the franchise?
- Why has new franchise outlet growth been so low?
- What is the net worth and liquid capital required to be approved as a franchisee in this brand?
- Are you required to work as an owner-operator or is this a passive investment opportunity?
- Will the franchisor refund the franchise fee under certain circumstances?