Golden Corral Family Steakhouse
Golden Corral Family Steakhouse
P.O. Box 29502
Raleigh, NC 27626-0502
800#: (800) 284-5673
Tel: (919) 881-5128
Fax: (919) 881-5252
E-Mail: [email protected]
Web Site: www.goldencorral.net
Contact: Mrs. Tammy Sullivan, Franchise Development
Golden Corral family restaurants feature 'steaks, buffet and bakery.' The 'Golden Choice Buffet' offers 140 hot and cold items. 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 $6.97 per person check average in 2001. Open lunch and dinner - 7 days; Breakfast Buffet - weekends or holidays.
Franchisor Background
Established: 1973
First Franchise: 1986
Franchise Units: 350
Company-Owned Units: 122
Total Units:472
Distribution:
U.S. -- 472;
Canada -- 0;
International -- 0
> North America -- Operations in 40 States
> States/Provinces with Greatest Density: TX, OK, NC
Projected New Units Over Next 12 months:25
Franchisee Qualifications:, , , , ,
(for an explanation
click here)
Registered in Following Registration States: All States Exc. HI
Average Number of Employees: 80 FT, 40 PT (FT = Full Time, PT = Part Time)
Space Needs:7,700-11,500 SF; FS
(for abbreviations click here)
Financial Requirements
Cash Investment: $300K
Total Investment: $1.6-3.8MM
Average Total Investment: $2700K
Minimum Net Worth: $1.5MM
Fees
>Franchise: $40K;
>Average Franchise Fee: $40K
>Royalty: 4%
>Advertising: 2%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 15/5
Passive Ownership: Not Allowed
Area Development Agreements:Yes/Varies
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: No
Cooperative Advertising: Yes
Franchisee Assoc. / Member: NR
Size Of Corporate Staff: 190
On-Going Support: C,D,E,G (for an explanation click here)
Training: 12 Weeks Headquarters and Field.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: Mexico, Puerto Rico
Note: NR = No Response by Franchisor.
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