5/10

Franchimp Summary Rating

4 /10
Higher than 61% of peers
1 /10
Higher than 95% of peers

Franchise Summary

Description
The franchises described in this disclosure document are for the establishment and operation of family-oriented steakhouse and buffet style restaurants.
Company Background
Golden Corral is America's #1 buffet restaurant, serving fresh, never frozen prime rib, hand-breaded fried chicken and buttermilk biscuits. Golden Corral has more than 500 locations in the U.S., Canada and Mexico with a new location opening every week.
Franchise Opportunity
The existing steakhouse and buffet style restaurants are not meeting the needs of a growing segment of consumers, who desire family-style dining at affordable prices. The concept is based on providing high quality food in a casual setting while offering value pricing to consumers. This will be accomplished by serving generous portions of select menu items that are prepared fresh daily. In addition, we will offer an array of traditional American cuisine selections such as chicken, seafood, pasta dishes and desserts in combination with our extensive salad bar and dessert station featuring freshly baked goods for the entire family to enjoy. Golden Corral has developed three different designs for their new concept restaurant which can accommodate various site conditions including urban locations where space may be limited or in suburban areas where additional parking spaces may be available. Each design offers flexibility to adapt to any type location while still delivering the same great experience whether you're visiting us during lunch time or dinner time!
Corporate Structure
Golden Corral Franchising Systems, Inc. was incorporated in Delaware on December 6, 1985. Their principal place of business is 5151 Glenwood Avenue, Raleigh, North Carolina. They do business under the names “Golden Corral,” “Golden Corral Buffet & Grill,” “Golden Corral Family Steakhouse Restaurant,” and “Golden Corral Steaks, Buffet & Bakery.” Golden Corral has offered franchises similar to those offered in this disclosure document since April, 1986.
Royalties and Marketing Fees

Royalties : 4.0% of revenue

Earnings Transparency

10 /10
This Franchise discloses far more about the financial performance of their franchisees compared to other franchises in the same industry.

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Restaurants (Sit-Down) Industry

$3,377,231 / unit

Franchise Type: Standard

Average Revenue During 2022

$3,377,231
$363,445
Industry Low
$3,377,231
Industry High

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Restaurants (Sit-Down) Industry

$2,555,072 / unit

Franchise Type: Standard

Average Revenue During 2022

$2,555,072
$363,445
Industry Low
$3,377,231
Industry High

Franchisee Attrition

4 /10
This franchise's rate of attrition in 2015 of 5.10% was Slightly Higher than the 5% in the Restaurants (Sit-Down) industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Golden Corral Franchisees

Golden Corral Franchise System Development in 2021

FAQ

How much investment do I need to start my own Golden Corral business?
Franchisees typically require at least $3 to $5 investment to get their Golden Corral business started
What are the initial franchise fees for Golden Corral?
Franchisees typically need to pay at least $51 in fees directly to Golden Corral in order to earn the right to launch their business
How much money can I make with a Golden Corral franchise? What are the average revenues for a typical Golden Corral business?
We estimate that the average revenue of an individual Golden Corral unit is approximately $3,377,231. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Golden Corral unit? What is my contractual commitment?
Golden Corral franchisees are typically required to sign up to a 15 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

1 /10
The Franchisor's investment costs ranges from $3,541,104 to $5,854,116 which is Much Higher than the $0 to $0 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE