Golden Corral Franchising Systems, Inc.
5151 Glenwood Avenue
Raleigh, NC 27612
Lance Trenary, President and CEO
Van Ingram, 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.
The Endless Buffet Concept:
Golden Corral's legendary endless buffet features an abudant variety of delicious all-time favorites and new menu offerings for breakfast, brunch, lunch and dinner. Guests can choose from over 150 items including USDA, grilled-to-order sirloin steaks, pork, seafood, and shrimpt alongside traditional favorites like pot roast, fried chicken, meatloat, mashed potatoes, mac and cheese, Bourbon Street Chicken, fresh salads, our famous yeast rolls, the ALL NEW Smokehouse and more.
In 2018, the 41 franchised GC-11M restaurants in the top 20% tier based had average annual sales of $5.3 million, with 11 of the 41 restaurants above the average.*
2018 Systemwide Sales (franchised and Golden Corral-operated restaurants combined):
$1.733 billion (fiscal year ended 1-2-19).†
2018 Systemwide Units:
489 (451 franchised, 38 company-operated) in 41 states including Alaska
2018 Initial Investment:
$2,286,545–$6,732,615 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.
• 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
*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.
©2019 Golden Corral Franchising Systems, Inc.