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Promoted Opportunities
#304
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)
Company Profile
Founded
1973
Franchising Since
1987 (30 Years)
Corporate Address
5151 Glenwood Ave. Raleigh, NC 27612
CEO
Lance Trenary
Parent Company
Golden Corral Corp.
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.
Financials
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
Units (Locations)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.
Operations & Franchisor Support
Training Onsite: 665 hours
Training at headquarters: 8.5 hours
Additional Training: At company training location
Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
National Media
Regional Media
Number of employees required to run: 100
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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
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