Golden Corral Franchise

Family-style restaurant featuring steaks, buffet and bakery items

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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. The total investment necessary to begin operation of a restaurant 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. #90 in Franchise 500 for 2020.

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$129.55 USD
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$129.55
$129.55


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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 $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 Franchise Costs

  • Initial Investment:
    $2,700,795 -
  • Initial Franchise Fee:
    $50,000
  • Royalty Fee:
    4%
  • Advertising Fee:
    2.40%
  • Term of Agreement:
    15 years
  • Renewal Fee:
    15 years (plus two, 5-year renewal options)

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

Golden Corral Growth History

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

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)

Industry experience (or must have partner with industry experience.)

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



How much does a Golden Corral Franchise owner make?

How much money you could make as a Golden Corral Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Golden Corral Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$50,000 - $7,037,915
Initial Franchise Fee
$50,000
Royalty Fee
4%
Advertising Fee
2.40%
Term of Agreement
15 years
Renewal Fee
15 years (plus two, 5-year renewal options)
Golden Corral Franchise Opportunity viewed times by investors.
 

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 recomend that anyone seriously interested in pursuing an Golden Corral franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.