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Golden Corral Restaurants
#54 Franchise 500| 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 ⓘ

$2,120,644 - $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

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

National Media

Regional Advertising

Social media

SEO

Website development

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 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 - $2,120,644 High - $6,170,713
Units
-1.5%-7 UNITS (1 Year) -5.4%-27 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

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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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