Gold Star Chili

Gold Star Chili

Chili, burgers, sandwiches, salads, fries, shakes
Find out what franchise is right for you
2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$496K - $1M
Units as of 2020
73 7.6% over 3 years

Company Overview

About Gold Star Chili

Founded
1965
Parent Company
GSR Brands
Leadership
Samir Daoud, Franchise Director

Franchising Overview

Franchising Since
1966 (55 years)
# of employees at HQ
36
Where seeking

This company is seeking new franchisees in the following US states: Indiana, Kentucky, Michigan, Ohio, Pennsylvania, Tennessee

# of Units
73 (as of 2020)

Franchisor Information

Corporate Address
650 Lunken Park Dr.
Cincinnati, OH 45226

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Gold Star Chili franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$15,000 - $30,000
Initial Investment
$496,000 - $1,003,500
Net Worth Requirement
$500,000 - $750,000
Cash Requirement
$150,000 - $200,000
Royalty Fee
5%
Ad Royalty Fee
4%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Gold Star Chili has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
82 hours
Classroom Training
62 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Gold Star Chili landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021