How much does a Golden Corral franchise owner make?
How much does a Golden Corral franchise owner make?
Our data shows that Golden Corral Franchise owners make around $90,000 per year on average, with some making up to $163,000.
How much does it cost to franchise Golden Corral?
Opening a Golden Corral franchise location costs $2.2 to $6.6 million, including the franchise fee of $50,000. This is no entry-level franchise investment: To become a franchise owner, you must have at least $500,000 in liquid capital and a net worth of at least $2.5 million.
What is the cheapest food franchise to open?
Chick-fil-A is among the most successful fast-food chains in the U.S., and it's also one of the cheapest to open.Jan 13, 2016
Is Golden Corral going out of business?
Golden Corral's largest franchisee also filed for bankruptcy amid COVID. ... In October, Restaurant Business reported that Golden Corral's largest franchisee, 1069 Restaurant Group, had filed for Chapter 11 bankruptcy protection, and only six of its 33 Golden Corral restaurants remained open.Apr 13, 2021
How profitable is Golden Corral?
Type Private
------------------- ----------------------------------------------------------
Headquarters Raleigh, North Carolina , U.S.
Number of locations 498 (2019)
Key people Easter Maynard, Board Chair Lance Trenary, President & CEO
Revenue $195.1 million
Who owns Golden Corral?
Investors Management Corporation
Who is CEO of Golden Corral?
Lance TrenaryJan 1, 2015–
Is Golden Corral corporate or franchise?
Golden Corral was incorporated in 1972 and the first Golden Corral Family Steak House opened on January 3, 1973, in Fayetteville, North Carolina. The company has since expanded to nearly 500 locations across the United States; about 100 of them are company-owned. The others are franchised stores.
Is Golden Corral closing down permanently?
Sixteen of the buffet restaurants have been permanently shuttered, according to a statement from the company, while two that were temporarily closed are expected to be reopened. ... Golden Corral initially closed all 35 company-operated restaurants in the 490-store chain.Apr 12, 2021
Will Golden Corral ever reopen?
"This has put a toll on finances and we can no longer stay open. This is temporary. Until COVID is gone and restrictions are lifted we do not plan on opening back up.Mar 25, 2021