Golden Corral Restaurants
Family steakhouses, buffets, and bakeries
Golden Corral Restaurants
Family steakhouses, buffets, and bakeries
About
Founded
1973
Franchising Since
1987 (31 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
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
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 #54 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 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
-1.5%-7 UNITS (1 Year)
-5.4%-27 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.
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