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Golden Corral Franchising Systems Inc.

2014 Franchise 500
#109
At a Glance

Products & Services: Family steakhouse, buffet and bakery

Number of Locations: 501

Total Investment: $1.9M - $5.7M

Founded: 1973

Began Franchising: 1987

About Golden Corral Franchising Systems Inc.

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 hundreds 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. Smaller restaurant designs are available for smaller markets.

Franchise Units

Year U.S. Canadian International Company Owned
2014 378 0 0 123
2013 368 0 0 123
2012 358 0 0 124
2011 389 0 0 96
2010 376 0 0 103
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $1,893,873 - $5,726,730
Franchise Fee: $50,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $2,500,000
Liquid Cash Available: $500,000
Operations
Number of employees needed to run franchised unit: 100. Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At company training location : 8 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #109 (2014), #110 (2013), #82 (2012), #133 (2011), #94 (2010),

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