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Units as of 2020
484 (3 lost in 3 years)
0.6%
2021 Franchise 500 Rank
N/R Ranked #90 last year
Initial investment
$2.3M - $6.7M

Company Overview

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 of 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.

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About Golden Corral

Industry
Food
Founded
1973
Parent Company
Golden Corral Corp.
Leadership
Lance Trenary, CEO

Franchising Overview

Franchising Since
1987 (34 years)
# of employees at HQ
165
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
484 (as of 2020)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
P.O. Box 29502
Raleigh, NC 27612

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Golden Corral 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
$50,000
Initial Investment
$2,286,545 - $6,732,615
Net Worth Requirement
$2,500,000
Cash Requirement
$500,000
Royalty Fee
4%
Ad Royalty Fee
2.4%
Term of Agreement
15 years
Is franchise term renewable?
Yes

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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
Golden Corral has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

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
665 hours
Classroom Training
8.5 hours
Additional Training
At company training location
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
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
# of employees required to run
100
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Golden Corral landed on this year’s Franchise 500 Ranking versus previous years.

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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
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