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.goldencorralfranchise.com
Contact: Ms. Shirley Hinton, Franchise Sales/Legal Admin.
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
Established: 1973
First Franchise: 1986
Franchise Units: 353
Company-Owned Units: 123
Total Units: 476
Distribution:
U.S. -- 476;
Canada -- 0;
International -- 0
-North America -- Operations in 38 States
-States/Provinces with Greatest Density: TX, OK, NC
Projected New Units Over Next 12 months: 25
Franchisee Qualifications: , , , , ,
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Registered in Following Registration States: All States Except HI (Click here for an explanation)
Average Number of Employees: 80 FT, 40 PT (FT = Full Time, PT = Part Time)
Space Needs: 7,780-11,900 SF; FS
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $500K
Total Investment: $1.7-4.0MM
Average Total Investment: $2,850.0K
Minimum Net Worth: $2.5MM
Fees:
-Franchise: $50K
-Average Franchise Fee: $50.0K
-Royalty: 4%
-Average Royalty: 4.0%
-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
Financial Assistance: No
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: NR
Size Of Corporate Staff: 200
On-Going Support: C,D,E,G (Click here for an explanation)
Training: 12 Weeks Headquarters and Field.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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