Golden Corral Restaurants

Family steakhouses, buffets, and bakeries

Previous | Next

About

Founded

1973

Franchising Since

1987 (32 Years)

Corporate Address

5151 Glenwood Ave.
Raleigh, NC 27612

CEO

Lance Trenary

Parent Company

Golden Corral Corp.

Financial Requirements

Initial Investment ⓘ

$2,168,419 - $6,602,513

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 Restaurants 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:

565 hours

Classroom Training:

8.5 hours

Additional Training:

At company training location

Number of Employees Required to Run:

100

Golden Corral Restaurants is ranked #34 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 - $2,168,419 High - $6,602,513

Units

+0.8%+4 UNITS (1 Year) +0.2%+1 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

				
Giving Your Community the Convenience It Deserves
		
								4 min read
			
Austin Campbell Breaks Down Why He Owns 13 Sola FranchisesHe was one of the first Sola franchisees and has experienced continued success. His number 1 reason: supporting beauty entrepreneurs and celebrating their successes.

								2 min read
			
What Franchises Should Look For In a Marketing FirmReaching customers (and potential franchisees) is part art, part science. Three industry vets offer advice on finding a marketing and social media firm that strikes the right balance.

				Hayden Field
			
					|			3 min read
			
You Can't Buy a Starbucks Franchise: Here's Why and What You Can Do InsteadYou can't get a Starbucks franchise, but you might be able to apply for a licensed store.

				Matthew McCreary
			
					|			6 min read
			
Want to Build A Franchise Empire? Do It Brand By Brand.Paul Flick wants to serve a homeowner's every need -- which is why his company Premium Service Brands is always expanding.

				Stephanie Schomer
			
					|			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: August 2nd, 2018

Reprints & Licensing Update Your Listing Submit New Listing

My Queue

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