Golden Corral
#90 Franchise 500| Family steakhouses, buffets, and bakeries

About
Founded

1973

Franchising Since

1987 (33 Years)

Corporate Address

P.O. Box 29502
Raleigh, NC 27612

Leadership

Lance Trenary, CEO

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

4%

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.

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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: February 13th, 2020