Franchise: Golden Corral Restaurants

Initial Investment
LOW:$2,120,644
HIGH: $6,170,713
Change in Units
-2.4% -12 UNITS (1 Year)
-2.6% -13 UNITS (3 Years)

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
National Media
Regional Media

Training Onsite: 665 hours

Training at headquarters: 8.5 hours

Additional Training: At company training location

Number of employees required to run: 100

About Golden Corral Restaurants

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.

Founded

1973

Franchising Since

1987 (30 Years)

Corporate Address

5151 Glenwood Ave. Raleigh, NC 27612

CEO

Lance Trenary

Parent Company

Golden Corral Corp.

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Financial Requirements

Initial Investment

$2,120,644 - $6,170,713

Net-worth Requirement

$2,500,000

Liquid Cash Requirement

$500,000

Ongoing Fees

Initial Franchise Fee

$50,000 - $50,000

Ongoing Royalty Fee

4%

Ad Royalty Fee

2.4%

Financing Options

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

Free Franchise Consultation
Fran Choice We've helped over 5,000 people find the right franchise. Get a FREE consultation and find out how you can be next.
Start Now
Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

Franchise Articles

How the CEO of Smoothie King Went From Small-Business Owner to Wearing the Crown

Under his leadership, Smoothie King plans to open an additional 125 locations and bring its global storefront tally to 950 in 2017.

Modern Acupuncture Showing Signs of Huge Growth

Learn winning franchise leadership strategies from a business that's grown exponentially.

The 5 Best Burger Franchises You Can Buy (and How Much They Cost)

How many burgers would you have to sell to make back your initial investment?

The Most Powerful Brands in Franchising

Here are the strongest brands in franchising for 2017, ranked.

Titans of Franchising Reveal Their Secrets for Long-Term Success

Paradoxically, a stable business is one that constantly reinvents itself to meet changing customer needs.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: July 27th, 2017

Reprints & Licensing
Update Your Listing
Submit New Listing
My Queue

Your Queue is empty

Click on the next to articles to add them to your Queue