Golden Corral Family Steakhouse
Yes, we actively support the inclusion and development of minority-owned franchises in the Golden Corral Family Steakhouse system.
Golden Corral Family Steakhouse
5151 Glenwood Ave.
Raleigh, NC 27612
800#: (800) 284-5673
Tel: (919) 881-5128
Fax: (919) 881-5252
E-mail: ltate@goldencorral.net
Web Site: www.goldencorralfranchise.com
Contact: Mr. Larry Tate, SVP Franchising
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: 476
Company-Owned Units: 123
Total Units: 599
Distribution:
> North America -- Operations in 38 States
> States/Provinces with Greatest Density: TX, OK, NC
Units Owned by Minorities:
>African-American: 8
>Hispanic: 25
>Asian-American: 16
>Native American: 1
>Other: 3
Average Number of Employees: 80 FT, 40 PT (FT = Full Time, PT = Part Time)
Space Needs: 7,780-11,900 SF; FS
(for abbreviations click here)
Financial Requirements
Cash Investment: $500K
Total Investment: $1.7-4.0MM
Average Total Investment: $2850K
Minimum Net Worth: $2.5MM
Fees
>Franchise: $50K
>Average Franchise Fee: $50K
>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: 200
On-Going Support: C,D,E,G (for an explanation click here)
Training: 12 Weeks Headquarters and Field.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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