Golden Corral FDD – Franchise Information, Costs and Fees
Type of Business
The franchises described in this disclosure document are for the establishment and operation of family‐oriented steakhouse and buffet style restaurants.
Corporate Information
Golden Corral Franchising Systems, Inc. was incorporated in Delaware on December 6, 1985. Their principal place of business is 5400 Trinity Road, Suite 309, Raleigh, North Carolina. They do business under the names ““Golden Corral,” “Golden Corral Buffet & Grill,” “Golden Corral Family Steakhouse Restaurant,” “Golden Corral Steaks, Buffet & Bakery,” and “GC Grill House”. Golden Corral has offered franchises similar to those offered in this disclosure document since April, 1986.
Investment
The total investment necessary to begin operation of a restaurant ranges from $3,534,450 to $6,828,230 for the less expensive restaurant design, and from $4,860,450 to $9,213,230 for the more expensive restaurant design. This amount includes $51,400 to $828,000 that must or may be paid to the franchisor or its affiliates for the less expensive restaurant design and $51,400 to $931,000 that must or may be paid to the franchisor or its affiliates for the more expensive restaurant design. The franchisor grants development rights to developers which enable them to open a specified number of restaurants within designated development areas under separate franchise agreements. The development fee is $20,000 for each restaurant to be established, and is credited against the initial franchise fee for each restaurant. In addition to the development fee, the total investment necessary to acquire development rights ranges from $100 to $16,000, none of which is payable to the franchisor or its affiliates.
