Business Description

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:	476	79.5%
Company-Owned Units:	123	20.5%
Total Operating Units:	599	100.0%
Geographic Distribution: U.S.: 599 100% In 38 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 599 100.0%

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:	$2-4MM
Average Total Investment:	$2000K
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

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
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
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
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
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
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
Training:
1. Headquarters and Field	12 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 25 U.S.: Yes, All United States Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Golden Corral Family Steakhouse.