GOLDEN CORRAL STEAKS, BUFFET & BAKERY
Golden Corral Franchising Systems, Inc. offers franchises for establishing and operating family-oriented steakhouse and buffet-style restaurants featuring a wide variety of beef, pork, seafood, chicken, salads, vegetables, desserts from an in-store bakery, and other food and beverage items for lunch, dinner, weekend breakfast, and snacks. Franchisees must operate in strict conformance with Golden Corral’s standards, procedures, and proprietary marks, with restaurant designs like GC-11S or GC-11M, or retrofitted conversions. The target market includes families and customers seeking affordable, all-you-can-eat dining experiences in free-standing buildings, suburban, urban, or strip center locations.
Franchise Costs
4% royalty + 2.4% ad fund + $1,630-$1,785/mo technology/software fees
Financial Performance
Item 19 Financial Performance
Data Based On: Data for 231 franchised GC-11M and GC-11S restaurants open for the full fiscal year 2023, excluding those open for less than 6 months.
* Calculated weighted average gross revenue using 195 GC-11M units ($4,419,745) and 36 GC-11S units ($3,705,933) for a total of 231 units. Weighted average median gross revenue calculated similarly. Weighted average net profit (operating income) derived from average operating income figures for GC-11M and GC-11S. Revenue top quartile is a weighted average of the Top 20% GC-11M (39 units @ $6,401,447) and Top 20% GC-11S (estimated 7 units @ $5,116,042). Revenue bottom quartile is based on the average gross sales of the Bottom 20% GC-11M (39 units @ $2,801,804), as no data was available for Bottom 20% GC-11S. Best guess profit range is based on the calculated average net profit as no other information for ranges was provided.
Extracted Item 19 Section
How GOLDEN CORRAL STEAKS, BUFFET & BAKERY Compares
Key Insights
- Higher investment than 77% of Casual Dining franchises
- #3 largest franchise system in Casual Dining
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
GOLDEN CORRAL STEAKS, BUFFET & BAKERY Current | $2.1M – $8.5M | $50K | 4.0% | 352 |
| IHOP & INTERNATIONAL HOUSE OF PANCAKES | $1.8M – $4.5M | $69K | N/A | 1,703 |
| BUFFALO WILD WINGS | $2.5M – $4.9M | $25K | 5.0% | 538 |
| GOLDEN CORRAL | $2.2M – $8.7M | $50K | 4.0% | 348 |
| ORIGINAL PANCAKE HOUSE (THE) | $483K – $1.7M | $60K | 2.0% | 146 |
| Outback Steakhouse | $4.3M – $9.0M | $40K | 5.0% | 122 |
Casual Dining Average 44 franchises | $1.5M – $3.5M | $43K | 4.6% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 44 Casual Dining franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
+26 more states
Franchisee Contacts
357 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
357 Contacts Available
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Due Diligence
Litigation (Item 3)
Breach of contract, New Jersey Franchise Practices Act claims, and franchise fee collection disputes related to franchisee abandonment.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a GOLDEN CORRAL STEAKS, BUFFET & BAKERY franchise ranges from $2,059,717 to $8,528,857. This includes a franchise fee of $50,000. Ongoing royalty fees are 4.0% of gross sales.
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