Golden Corral

Family steakhouses, buffets, and bakeries

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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

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

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