Golden Corral

Family steakhouses, buffets, and bakeries

Previous | Next

About

Founded

1973

Franchising Since

1987 (33 Years)

Corporate Address

P.O. Box 29502
Raleigh, NC 27612

CEO

Lance Trenary

Parent Company

Golden Corral Corp.

Financial Requirements

Initial Investment ⓘ

$2,286,545 - $6,732,615

Net-worth Requirement ⓘ

$2,500,000

Liquid Cash Requirement ⓘ

$500,000

Ongoing Fees

Initial Franchise Fee ⓘ

$50,000 - $50,000

Ongoing Royalty Fee

Ad Royalty Fee

2.4%

Financing Options

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

Support Options

Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

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

On-The-Job Training:

665 hours

Classroom Training:

8.5 hours

Additional Training:

At company training location

Number of Employees Required to Run:

100

Golden Corral is ranked #90 in the Franchise 500!

Bio

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.

Cost

Initial Investment: Low - $2,286,545 High - $6,732,615

Units

+0.2%+1 UNITS (1 Year) +2.9%+14 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.

Franchise Financing

Using 401(K)/IRA Funds

Tax Penalty-Free
Debt Free
Expert Guidance

Learn More

Franchise Articles

				
[Start-it-up] How to start a Pod Hotel?IRCTC has announced setting up a pod hotel at the Mumbai Central railway station by the end of 2020.

				Entrepreneur Staff
			
					|			3 min read
			
The Top Children's Businesses on the Franchise 500These top-ranked franchises are great for entrepreneurs who love kids.

				Matthew McCreary
			
					|			4 min read
			
The 19 Oldest Franchises on the Franchise 500These businesses have all been franchising for 60 years or more.

				Matthew McCreary
			
					|			6 min read
			
Australian Trampoline Park to Invest INR 150-200 Crore Across IndiaWitnessing a small venture become hugely successful and garnering good numbers in terms of revenue within 365 days of its operation is a rare scenario, and indoor trampoline park Bounce Inc is moving on those footsteps

				Priyadarshini Patwa
			
					|			6 min read
			
5 Things Franchise Owners Should Know About the New Department of Labor Rule on 'Joint Employment'The Trump administration's new rule will change what qualifies as joint employment.

				Jessica Thomas
			
					|			4 min read

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: February 13th, 2020

Reprints & Licensing Update Your Listing Submit New Listing

Golden Corral Family steakhouses, buffets, and bakeries Previous | Next