The Golden Corral Franchise locations cost between $2,286,545 all the way up to $6,732,615. How much do Golden Corral Franchise owners make? Our data shows that Golden Corral Franchise owners make around $90,000 per year on average, with some making up to $163,000.
How much does it cost to open a Golden Corral franchise?
The estimated 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. Golden Corral, a buffet restaurant long desired by Fresnans, is planning to open a location in Fresno.
What incentives does Golden Corral offer?
For a limited time, franchisees with new locations that open the restaurant within 24 months of signing a new agreement can qualify for the following incentives: Cash credit applied to your Golden Corral approved broadline food service supplier account equal to: Reimbursed training costs for three managers (up to $15,000 each) Why Golden Corral?
Where is the headquarters of Golden Corral located?
Headquarters: Raleigh, North Carolina. Estimated Number of Units: 470. Franchise Description: Golden Corral Franchising Systems, Inc. is the franchisor.
Is Golden Corral opening a Fresno location?
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...
See more
How much is a Golden Corral franchise worth?
Facts & FiguresLiquid capital required$500,000Net worth required$2,500,000Investment$2,700,795 - $7,037,915Franchise fee$50,000Royalty4.0%4 more rows
What type of ownership is Golden Corral?
privately held companyGolden Corral is an American restaurant chain which offers an all-you-can-eat buffet and grill. It is a privately held company headquartered in the U.S. city of Raleigh, North Carolina, with locations in 43 U.S. states.
How many Golden Corral restaurants are in the United States?
How can I download a list of Golden Corral stores in the United States into Excel? You can download the complete list of 397 Golden Corral locations data as an Excel file, along with geo-coded addresses, phone numbers and open hours from our data store.
Who owns Golden Corral in Florida?
Eric HolmEric Holm has been in the restaurant industry for over 30 years and has substantial experience in restaurant operations, marketing, and development. In 1996 Holm joined Metro Corral Partners to develop Golden Corrals in central Florida and is currently operating 32 restaurants.
Where is the biggest Golden Corral?
Branson's Golden Corral Buffet is the largest in the world, with a seating capacity of over 650.
Who is the CEO of Golden Corral?
Lance Trenary (Jan 1, 2015–)Golden Corral / CEO
What is the best thing to eat at Golden Corral?
Best Golden Corral Menu ItemsFried Chicken.Signature Sirloin Steak.Carrot Cake.Build Your Own Burger.Fried Fish.Butterfly Shrimp.Mashed Potatoes.Salad Bar.More items...•
What do they say at the end of the Golden Corral commercial?
"Your plate awaits," the buffet declares, and encourages you to come and try new and old favorites for yourself. None have been identified for this spot.
When did Golden Corral first open?
January 3, 1973Golden Corral / Founded
Who owns Golden Corral stock?
Golden Corral, by contrast, is a privately held company, owned by Investors Management Corp. Its chairman is James Maynard, who opened the first Golden Corral in Fayetteville, N.C., in 1973.
Why did Ryan's go out of business?
Due to the COVID-19 pandemic, all of the buffet-style restaurants closed in March 2020. Five locations reopened as "AYCE Marketplaces" in summer 2020. As of January 15, 2021, all Old Country, HomeTown, and Ryan's Buffet locations have permanently closed, and nearly all have been auctioned off by Auction Nation.
Where is the headquarters for Golden Corral?
Raleigh, NCGolden Corral / Headquarters
What do they sing at the end of the Golden Corral commercial?
Golden Corral TV Spot, 'Your Plate Awaits' Song by Grace Mesa - iSpot.tv.
Where is headquarters for Golden Corral?
Raleigh, NCGolden Corral / Headquarters
What company did James Maynard start?
Investors Management CorporationHe organized Investors Management Corporation and developed Golden Corral Family Steak House restaurant chain and other IMC subsidiaries. Maynard is now the owner or franchisor of approximately 500 restaurants nationwide with sales in excess of $1.3 billion.
Who founded Golden Corral?
James MaynardWilliam F. CarlGolden Corral/Founders
Where is Golden Corral located?
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.
Do international franchisees need to buy multiple units?
International franchisees required to buy multiple units/master licenses; 80% of all franchisees own more than one unit
Is Golden Corral open in Fresno?
Golden Corral Plans on Opening in Fresno#N#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...
Why Invest in a Golden Corral Franchise?
Golden Corral is a well-capitalized, privately held company, with an active founder and a stable and talented corporate senior management team having one of the industry’s longest tenures.
What is the Golden Corral buffet?
Along with home-style buffet favorites such as pot roast, fried chicken, mashed potatoes, and steamed vegetables, today’s endless Golden Corral buffet experience offers guests a wide variety of tastes and flavors. Fresh—never frozen—USDA Sirloin steak maintains top billing as Golden Corral’s signature dinner product. To capitalize on the increased popularity of smoked meats and bold flavors, we now offer smoked pork barbecue, chicken, baby back ribs, brisket and turkey. As a complement to its heritage hot buffet food products, each Golden Corral features a market-fresh salad bar where guests may build their own salads from dozens of ingredients. And dessert innovations are headlined by freshly-spun cotton candy, decadent desserts as well as our famous Chocolate Wonderfall ® featuring a non-stop stream of chocolate, with a variety of fresh fruits and sweet-tooth favorites that are available for dipping and dunking.
Where was the first Golden Corral steakhouse?
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 smaller cities from Virginia to Texas. In the mid-1980s, 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. 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 with its array of homemade rolls, muffins, cookies, pies, and cakes
What is Golden Corral franchise?
The franchisor offers franchises to an individual, group of individuals, corporation, limited liability company, or partnership for a family-oriented buffet/grill style restaurant which features a wide variety of beef, pork, seafood, chicken, cold salads, vegetables, desserts at an in-store display bakery, and other food and beverage items for lunch, dinner, weekend breakfast (daily breakfast offered in some restaurants), and snacks. Golden Corral Restaurants usually are situated in a free-standing building, with accompanying ample parking, and may be located in a rural or urban setting, a suburban location near a shopping mall, or in a strip shopping center. Two restaurant building designs are currently available.
How long is the franchise term?
Term of Agreement and Renewal: The length of initial franchise term is from the date of agreement execution through the 15th anniversary date of the restaurant's opening. Two renewal terms of five years each are available, subject to contractual prerequisites.
What are the obligations of a franchisee?
Obligations and Restrictions: Franchisees (or if they are a corporation, limited liability company, partnership, or other entity, an individual principal who has been approved by the franchisor as the operations principal) must devote substantial time, energy, and best efforts to the management, supervision, and operation of the restaurant or, in the case of a developer, to the management, supervision and operation of the business. The restaurant and business must be under the direct supervision of the franchisee or an operations principal. The operations principal must, if so required by the franchisor, own at least a 10% equity interest in the developer and/or franchisee for which he or she serves as the operations principal; must attend and complete Golden Corral’s training program; and must be a person who, in the franchisor’s sole judgment, possesses restaurant operations experience at a level appropriate to manage the number and type (s) of restaurants to be developed by the developer or franchisee. Franchisees must sell or offer for sale only products, food, beverages, and other menu items which meet the franchisor’s standards of quality and quantity, which have been expressly approved for sale in writing by the franchisor, and which have been prepared in accordance with the franchisor’s methods, techniques, and specifications.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or other obligations.
Golden Corral Owners List
Get the latest, most up-to-date and trusted contact data list for Golden Corral Franchises around the U.S. Golden Corral mailing/telemarketing list includes phone number, address and name of each Golden Corral franchisee. The Contact list contains about 500 locations at the time.
Find Golden Corral Franchise Owners
Gathering information about a particular franchise or business opportunity investment before purchasing a location has become simple. Obtain knowledge and get feedback from current and former franchisees involved in the franchise system.
