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Updated RecentlyGolden Corral Franchise
Family-style restaurant featuring steaks, buffet and bakery items
ranges from $2,700,795 to $5,340,215 for the less expensive restaurant
design, and from $3,453,379 to $7,037,915 for the more expensive
restaurant design. This amount includes $51,400 to $4,482,285 that must
or may be paid to the franchisor or its affiliates.
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How much does it cost to open a Golden Corral Franchise?
The investment required to open a Golden Corral Franchise is between $2,700,795-$7,037,915. There is an initial franchise fee of $50,000 which grants you the license to run a business under the Golden Corral name.
Individual Unit Costs
- Initial Investment:
$2,700,795-$7,037,915 - Initial Franchise Fee:
$50,000 - Royalty Fee:
4% - Advertising Fee:
2.4% - Term of Agreement:
15 years - Renewal Fee:
15 years (plus two, 5-year renewal options)
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Golden Corral Plans on Opening in Fresno
Golden Corral, a buffet restaurant long desired by Fresnans, is planning
to open a location in Fresno.
The popular chain with 495 restaurants nationwide has a franchisee in
the area who has paid the franchise fee and is looking for locations to
open a Golden Corral, said Van Ingram, the com...
Golden Corral Launches the Ultimate 7-Day Brunch
Golden
Corral, the nation's #1 buffet-grill chain, announced the introduction
of 7-Day Brunch. 7-Day Brunch provides passionate Golden Corral fans more of the brand they love by opening earlier seven days a week for one-of-a-kind brunch items. Beginning on Monday, May 22, Golden Corr...
Golden Corral coming to Orange County
If you've caught those Golden Corral commercials on TV, and you've been hankering for the "Seafood Spectacular," or the "Biggest Buffet in the USA," or the "Chocolate Wonderfall," tell your stomach it's on the way.
Golden Corral, which operates 488 all-you-can-eat buffet locations in 43 state...
Golden Corral Senior VP Bob McDevitt Speaks at Tampa Franchise Expo
Bob McDevitt, Senior Vice President of Franchise Development for Golden Corral, recently discussed ways in which small business owners can maximize their relationship and leverage the value of their franchise partnership. The speech was given to an audience of potential franchisees at the Tampa Fran...
Golden Corral Evolved From Struggling Steakhouse To Successful Franchise
Golden Corral hasn't always been the master of the plentiful and affordable buffet.
The company started out 41 years ago as a family-friendly, entree-driven steak restaurant in Fayetteville.
By the 1980s, Golden Corral had opened about 500 restaurants similar to that one when competitors start...
Golden Corral News & Press Releases
When did Golden Corral start Franchising? 1986
United States: Nationwide
International:
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Other Financing Source(s): Third-party financing may be provided from over 40 of the nation’s leading lenders
Training
On-The-Job Training: 665 hours
Classroom Training: 8.5 hours
Additional Training: At company training location
Support
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
International franchisees required to buy multiple units/master licenses; 80% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 100
Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators)
Business Experience:
Your income potential as a Golden Corral Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
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Legal Disclaimer: This information is not a franchise offering for Golden Corral and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Golden Corral franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Golden Corral
Golden Corral Franchising Systems Inc.
5151 Glenwood Ave.
Raleigh,
NC
27612
