Golden Corral Franchise

Family-style restaurant featuring steaks, buffet and bakery items


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 160 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.

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Please Note: The operators of Golden Corral, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Golden Corral website.

How much does it cost to open a Golden Corral Franchise?

The investment required to open a Golden Corral Franchise is between $1,961,000-$5,539,000. 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:
    $1,961,000-$5,539,000
  • Initial Franchise Fee:
    $50,000
  • Royalty Fee:
    4%
  • Advertising Fee:
    2-6%
  • Term of Agreement:
    15 years
  • Renewal Fee:
    15 years (plus two, 5-year renewal options)


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Golden Corral News & Press Releases

When did the first Golden Corral open? 1973
When did Golden Corral start Franchising? 1986

Year U.S.A. Canada International Corporate
2015 389 0 0 102
2004 350 0 0 119
2003 348 0 0 122
2002 350 0 0 122
2001 344 0 0 120
2000 316 0 2 134

United States: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming,

International:

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Other Financing Source(s): Third-party financing may be provided from over 40 of the nation’s leading lenders

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

Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

Marketing
Co-op advertising, Ad slicks, Regional advertising

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:

  • Industry experience
  • (or must have partner with industry 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

    Golden Corral Franchising Systems Inc.
    5151 Glenwood Ave.
    Raleigh, NC
    27612

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