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Golden Corral family restaurants feature 'steaks, buffet and bakery.' The 'Golden Choice Buffet' offers 150 hot and cold items, including all you care to eat steak. A special feature is 'The Brass Bell Bakery' which prepares made-from-scratch rolls, cookies, muffins, brownies and pizza. Steak, chicken and fish entrees are also available. Value-driven concept with a $7.80 per person check average in 2004. Open lunch and dinner - 7 days; Breakfast Buffet - weekends or holidays.
Franchisor Background
Year Established: 1973
Franchising Since: 1986
Operating Units: |
| Franchised Units: | 378 | | 78.3% | | |
| Company-Owned Units: | 105 | | 21.7% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 483 | | 100% | | |
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Geographic Distribution: |
| U.S.: | 483 | | 100% | | In 38 States |
| Canada: | 0 | | 0% | | In 0 Canadian Provinces |
| International: | 0 | | 0% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 483 | | 100% | | |
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North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. North Carolina | 0 | | 2. Oklahoma | 0 | | 3. Texas | 0 |
Registered in Following Registration States: California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia, Alberta
Financial Requirements
Investment: |
| Minimum Net Worth: | $1.5MM |
| Cash Investment: | $500K |
| Total Investment: | $2-6MM |
| Average Total Investment: | $4000K |
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Fees: |
| Initial Franchise Fee: | $50K |
| Average Franchise Fee: | $50K |
| On-Going Royalty: | 4% |
| Average Royalty: | 4% |
| Advertising Fee: | 2% |
Average Number of Employees: 80 Full-time, 40 Part-time
Space Needs (in square footage): 7,780-11,900
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? No
Earnings Claims Provided? Yes
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | No |
| Size of Corporate Staff: | 200 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | No |
| Financial Assistance? | No |
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Marketing Support: |
| Co-Op Advertising: | Yes |
| National Advertising: | No |
| Regional Advertising: | No |
| Local Advertising: | No |
| Marketing Materials: | None Specified |
| Additional Services: | None Specified |
| Other Marketing Support: | None Specified |
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On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Not Applicable |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Included in Fees |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | Not Applicable |
| 800 Telephone Hotline: | Not Applicable |
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Training: |
| 1. Headquarters and Field | 12 Weeks |
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Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
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| Financial Net Worth: | N/A |
| General Business Experience: | N/A |
| Specific Industry Experience: | N/A |
| Formal Education: | N/A |
| Psychological Profile: | N/A |
| Personal Interview(s): | N/A |
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Minority Representation
Units Owned by Minorities: |
| African-American: | 8 |
| Asian-American: | 16 |
| Hispanic: | 25 |
| Native American: | 1 |
| Other: | 3 |
| Specific Minority: | Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time. |
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Terms of Contract
| Term of Initial Contract: | 15 Year(s) |
| Term of Renewal Period: | 5 Year(s) |
| Passive Ownership: | Not Allowed |
| Area Development Agreements? | Yes, for 0 Year(s) |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 25
| U.S.: | Yes, All United States |
| Canada: | No |
| Overseas: | No |
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