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Promoted Opportunities

Golden Corral Restaurants
#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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