Golden Corral Franchising Systems, Inc.
5151 Glenwood Avenue
Raleigh, NC 27612
Lance Trenary, President and CEO
Bob McDevitt CFE, Senior Vice President of Franchise Development
Irwin C. Roberts CFE, Senior Vice President of Franchise Sales
Golden Corral’s first 175-seat, 4,800-square-foot family steakhouse opened in Fayetteville, NC, in 1973. The chain grew steadily during the next decade, principally in small cities from Virginia to Texas. In the mid-1980s, guests’ requests for additional entrees and an expanded salad bar prompted Golden Corral to “reinvent” itself by introducing a 400+ seat, 11,518-square-foot “Buffet & Grill” building design, with food preparation performed in full view of the dining area to emphasize product freshness and quality. The focal point was the Golden Choice Buffet®, which featured 160 hot and cold items; a carving station for roast beef, roast pork, ham, sausage and turkey; plus The Brass Bell Bakery® and Dessert Café along with its smorgasbord of homemade yeast rolls, muffins, cookies, pies, and cakes.
Today’s Endless Buffet:
Along with home-style buffet favorites such as pot roast, fried chicken, mashed potatoes, and steamed vegetables, today’s endless Golden Corral buffet experience offers guests a wide variety of tastes and flavors. Fresh—never frozen—USDA Sirloin steak maintains top billing as Golden Corral’s signature dinner product. To capitalize on the increased popularity of smoked meats and bold flavors, we now offer smoked pork barbeque, chicken, baby back ribs, brisket and turkey. As a complement to its heritage hot buffet food products, each Golden Corral features a market-fresh salad bar where guests may build their own salads from dozens of ingredients. And… dessert innovations are headlined by freshly-spun cotton candy, decadent desserts, as well as our famous Chocolate Wonderfall® featuring a non-stop stream of chocolate, with a variety of fresh fruits and sweet tooth favorites that are available for dipping and dunking.
We serve an ultimate brunch daily from 9:30 am to 2 pm that offers guests their choice of breakfast and/or lunch favorites. Plus, on Fridays and weekend mornings, guests are invited to rise and shine for our legendary endless breakfast buffet, featuring cooked-to-order eggs and omelets, bacon, sausage, pancakes, crispy waffles, melt-in-your-mouth cinnamon rolls, fresh-cut fruit, and a variety of juices.
In 2017, the 43 franchised GC-11M restaurants in the top 20% tier based had average annual sales of $5.3 million, with 14 of the 43 restaurants above the average.*
2017 Systemwide Sales (franchised and Golden Corral-operated restaurants combined):
$1.758 billion (fiscal year ended 1-3-18).†
Entrepreneur magazine named Golden Corral the #1 franchisor in the U.S. among family steakhouses in 2017 for the 21st year. In 2011, Nation’s Restaurant News ranked Golden Corral #1 in the grill-buffet segment for the 14th year.
2017 Systemwide Units:
489 (436 franchised, 53 company-operated) in 41 states including Alaska
2017 Initial Investment:
$2,168,419–$6,602,513 estimated (depending on restaurant size; 11S for smaller markets and 11M for larger markets)
$2,500,000 net worth for individual or investment group
$500,000 liquid (as part of the $2,500,000 net worth)
Initial franchise fee: $50,000 per restaurant
Royalty: 4% of gross sales
Advertising: 2.4% of gross sales minimum
Franchise Agreement Term:
15 years (plus two, 5-year renewal options)
Yes. Third-party financing may be provided from over 40 of the nation’s leading lenders
Site Selection Assistance:
Yes. In-house franchise real estate directors are available
A 13-week training program covering all aspects of restaurant management and operations. The program consists of 13 weeks in certified training restaurants.
National Menu Honors:
Satisfying evolving consumer food taste preferences earned Golden Corral the Nation’s Restaurant News prestigious “MenuMasters Award” and the national Restaurant Business “Menu Strategist Award”. Restaurant Business magazine reported that Golden Corral’s test kitchen team produces “best in class” results and has some 30 new food items undergoing consumer evaluation in restaurants at all times. New recipes emphasize bolder flavors, ethnic tastes and unique new products that highlight the freshness and scratch-made quality of Golden Corral offerings.
• Privately-owned with active founder and stable corporate senior management
• Franchise Advisory Council—18 franchisees elected by their peers meet four times a year for two days with 21 members of management, including the CEO
• Combined purchasing power of nationwide system with leading specialty distribution company, and equipment supplier with advantageous pricing
• No alcohol, no liquor liability, no late hours
Application etc. at www.goldencorralfranchise.com.
*CAUTION: THIS FIGURE REFLECTS AVERAGE SALES ONLY. A new franchisee’s results may differ from the represented performance, so THERE IS NO ASSURANCE YOU’LL DO AS WELL. IF YOU RELY UPON OUR FIGURES, YOU MUST ACCEPT THE RISK OF NOT DOING AS WELL. SEE OUR Franchise Disclosure Document FOR DETAILED INFORMATION ABOUT OUR FRANCHISEE- AND COMPANY-OWNED RESTAURANTS’ FINANCIAL PERFORMANCE.
† Caution: THIS FIGURE INCLUDES SALES FROM 11-S AND 11-M RESTAURANTS AS WELL AS SALES FROM OTHER RESTAURANT BUILDING DESIGNS THAT ARE NOT CURRENTLY AVAILABLE UNDER OUR FRANCHISE PROGRAM.
©2018 Golden Corral Franchising Systems, Inc.