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Golden Corral Franchising Fast Facts

Name:

Golden Corral Franchising Systems, Inc.

Headquarters:

5400 Trinity Road, Suite 309

Raleigh, NC 27607

CEO:

Lance Trenary, President and CEO

Vice President:

David Conklin, Senior Vice President of Development

Background:

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.

The Endless Buffet Concept:

Golden Corral offers a legendary, endless buffet at breakfast, lunch and dinner.  From our home-style menu favorites to signature sirloin steaks to seasonal promotion specials, there are always new menu items to explore. 

Lunch and dinner includes our all-you-can-eat soup and salad bar, signature yeast rolls, and homemade desserts, along with soft-serve ice cream and our famous carrot cake.  Our great value for a good price makes Golden Corral a favorite family restaurant among adults and kids alike.

2020 Initial Investment:

$2,700,795–$7,037,915 estimated (depending on restaurant size; 11S for smaller markets and 11M for larger markets)*

Financial Qualifications:

$2,500,000 net worth for individual or investment group

$500,000 liquid (as part of the $2,500,000 net worth)

2020 Fees:

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)

Site Selection Assistance:

Yes. In-house franchise real estate analysis and support are available

Training:

A 13-week training program covering all aspects of restaurant management and operations. The program consists of 13 weeks in certified training restaurants.

Other Facts:

• Privately-owned with active founder and stable corporate senior management

• Franchise Advisory Council—Composed of a representative group of owners of fourteen (14) Golden Corral Franchisees who meet up to three (3) times a year with Golden Corral Corporation management, including the CEO.

• Combined purchasing power of nationwide system with leading specialty distribution company, and equipment supplier with advantageous pricing

 

 

©2021 Golden Corral Franchising Systems, Inc.

*This website does not constitute an offer to sell a franchise. We offer franchises, as well as development rights to open multiple franchised stores, only through our Franchise Disclosure Document. In addition, if you are in a state that requires franchisors to register their franchise offering before offering franchises or development rights in the state, we will not proceed with any offer unless we currently are registered in that state.

© 2021 Golden Corral Franchising Systems, Inc
P.O. Box 29502, Raleigh, NC 27626
(919)781-9310 | .(JavaScript must be enabled to view this email address) | Privacy Policy