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General

Industry

Food and Beverage

Category

Full-Service Restaurant

Works with Franchise Brokers

No

Year of Founding

1985

Fees

Marketing Fee

2-6%

Royalty Fee

4%

Franchise Fee

$50,000-$50,000

Investment Range

$3.45M-$7.77M

Location units

Total U.S. Locations

359

U.S. Franchised Units

355

U.S. Corporate Units

4

Headquarters (City)

Raleigh

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

1986

Issuance of FDD Data

04/22/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$3.45M-$7.77M

Franchise Fee

$50,000-$50,000

What to know about Golden Corral franchise?

Golden Corral is a buffet restaurant chain in the United States that offers a wide variety of home-style cooked food. The company was founded in 1973 and their franchise is for the establishment and operation of family-oriented steakhouses and buffet-style restaurants. Some of the foods they serve include steak, chicken, seafood, vegetables, salads, soups, desserts and beverages. They are open for breakfast, lunch and dinner. In addition to the buffet service, the restaurants offer an à la carte menu and children's menu. Golden Corral is a popular choice for both families and individuals looking for a casual dining experience because of their casual atmosphere and décor. The restaurant also offers other services such as catering and private parties.

Golden Corral is based in Raleigh, NC. Scroll down to learn more!

How much does a Golden Corral franchise cost?

Are you wondering how much is a Golden Corral franchise? Before starting a Golden Corral franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Golden Corral franchise is $3,453,994 and can go all the way up to $7,774,230. Keep in mind, you should also allocate additional funds to live off of while the Golden Corral business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Golden Corral franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Golden Corral business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Golden Corral franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Golden Corral. Hotels to the Full-Service Restaurant, Outdoor Food and Beverage industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 390 28 10 408
2017 408 38 9 436
2018 436 28 12 451
2019 451 14 16 448
2020 448 19 55 412
2021 412 19 76 355

Additional Details

How much does a Golden Corral franchise owner make?

Golden Corral franchise earnings and revenue can vary significantly from one franchisee to another.
The Golden Corral franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Golden Corral discloses financials at the unit level. In other words, they show how much Golden Corral franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Golden Corral franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Golden Corral. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Golden Corral owners were making.

Visit the Golden Corral metrics tab to explore the financials for this business.

What is the Golden Corral franchise fee?

Owning a Golden Corral franchise requires 4% royalty fee and 2-6% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Golden Corral Franchise Disclosure Document

Keep in mind, there is also an initial Golden Corral franchise fee of $50,000 that is included in the initial investment amount of $3,453,994 to $7,774,230. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Golden Corral franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Golden Corral franchise fee of $50,000.

Visit the Golden Corral metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Golden Corral founded?

Golden Corral started offering franchises in 1986. Golden Corral was founded 37 years ago in 1985.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Golden Corral locations are in the U.S.?

As of 2022, there were 355 locations across the U.S. There are also corporate locations. Most Food and Beverage franchises like Golden Corral have more franchised locations than corporate locations.

How many Golden Corral franchises opened over the past few years?

Over the prior 3 years we have data for, Golden Corral has opened 52 outlets throughout the U.S. Visit the Golden Corral metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Golden Corral franchises closed over the past few years?

Over the prior 3 years we have data for, Golden Corral has closed 147 outlets throughout the U.S

Visit the Golden Corral metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Golden Corral growing? Are they opening more locations than they are closing?

The net unit growth rate for Golden Corral over the past 3 years is -21%. Over the last year we have data for, Golden Corral had a net unit growth rate of -14%.

Without a comparison, this number doesn’t mean much. Compare how the Golden Corral growth rate compares to 2,000+ other franchises and Industry franchises like Golden Corral. More info in the Golden Corral metrics tab.

Is Golden Corral franchise eligible for an SBA Loan?

Golden Corral is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Golden Corral franchise was assigned the SBA Franchise ID of S0729 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Golden Corral that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Golden Corral a franchise in the United States?

According to the SBA, Golden Corral meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Golden Corral provides you with an FDD if you are in discussion to buy a Golden Corral.

What is the Golden Corral Franchise for Sale Rate?

The Golden Corral systemwide health and franchisee satisfaction can be measured by the Golden Corralfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Golden Corral franchise for sale rate over the past 3 years is 11%. Over the last year we have data for, Golden Corral had a franchise for sale rate of 3%.

Without a comparison, this number doesn’t mean much. Compare how the Golden Corral franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Golden Corral. More info in the Golden Corral metrics tab.

What is the Golden Corral Franchise Failure Rate?

Golden Corral franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Golden Corral failure rate over the past 3 years is 41%. Over the last year we have data for, Golden Corral had a franchise failure rate of 21%.

Without a comparison, this number doesn’t mean much. Compare how the Golden Corral franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Golden Corral. More info in the Golden Corral metrics tab.

How can I find out more details on Golden Corral franchise?

Visit the Golden Corral metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Golden Corral

$5,614,112

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Golden Corral

4%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Golden Corral

$50,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

Unlocked Vetted Member Access

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlocked Vetted Member Access

General

Industry

Food and Beverage

Category

Full-Service Restaurant

Works with Franchise Brokers

No

Year of Founding

1985

Fees

Marketing Fee

2-6%

Royalty Fee

4%

Franchise Fee

$50,000-$50,000

Investment Range

$3.45M-$7.77M

Location units

Total U.S. Locations

359

U.S. Franchised Units

355

U.S. Corporate Units

4

Headquarters (City)

Raleigh

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

1986

Issuance of FDD Data

04/22/2022

Detailed Franchise metrics for Golden Corral

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Golden Corral below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Golden Corral

-8%

-21%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Golden Corral

2%

11%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Golden Corral

4%

41%

Industry median

All franchises median

Unlock Vetted Member Access

Business details

Website

http://www.goldencorral.net

Business email

G*******@goldencorral.net

Mailing address

5400 Trinity Road, Suite 309

State headquarters

North Carolina

Contact Name

Golden Corral

Phone

+1 (000) 0********00

City

Raleigh

Zip code

27607
Name Email State City Zip Code

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