Golden Corral Corporation on LinkedIn: Golden Corral is coming to Memphis. Here's what we know about the buffet… (2024)

FAQs

How is Golden Corral doing financially? ›

In fiscal 2022, Golden Corral saw systemwide sales of about $1.4 billion, up more than 21% over the prior year, with about 362 units, almost all franchised, according to sister brand Technomic. The company launched Homeward Kitchen to give franchisees another smaller-footprint option for growth.

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The long-term goal is to add 200-250 more Golden Corral buffets around the U.S., alongside the prospect of adding Homeward Kitchen to 500+ new markets across the country, with international growth possibilities in the future. “There's a lot of blue sky ahead for our brand,” he said.

Through the investigation, Golden Corral learned that an unauthorized actor accessed its systems and acquired certain data relating to current and former employees and beneficiaries between August 11, 2023 until August 15, 2023.

Golden Corral failed to properly secure and safeguard employees' personally identifiable information in the wake of a 2023 data breach, an employee alleged in a class-action lawsuit filed last week.

Most food is prepared from scratch with on-site bakers, butchers, prep and cooks who prepare food in an open atmosphere in front of their guests. In concert with our “making pleasurable dining affordable” mission, maintaining affordable pricing for our guests is paramount.

Read More. Raleigh, N.C. buffet chain Golden Corral is planning to introduce a new fast-casual restaurant brand, to be called Homeward Kitchen.

A6: The initial franchise fee is $50,000. The current royalty fee is 4% of gross sales. Q7: Does Golden Corral offer single or multi-unit investment opportunities? A7: We offer both.

That means if you visit Golden Corral between 10:45 AM and 4 PM on weekdays or between 11 AM and 4 PM on Saturdays, you'll pay only $11.49—the lunchtime price for the full buffet. While the lunch and dinner menus may have a few differences, many of the main dishes, sides, and desserts are available throughout the day.

Why is Golden Corral famous? ›

Our great value for a good price makes Golden Corral a favorite family restaurant among adults and kids alike. Golden Corral's unmatched variety accommodates most all nutrition needs such as low carb, vegan, paleo, and plant-based diet plans.

A typical Golden Corral measures 10,000 to 12,000 square feet and requires about three acres of land. “The investment is probably in the $5 million to $6 million range,” says Trenary.

Branson's Golden Corral Buffet is the largest in the world, with a seating capacity of over 650. Our restaurant serves Monday-Friday 10am (close will vary in Branson based on season) and we're open 363 days per year (closed Christmas Eve and Christmas Day).

The chain had to file for bankruptcy in 2020 because of the pandemic. Despite seeing its toughest and most direct competitors withering away over the past decades, Golden Corral has done enough to weather the storm and remain mostly intact.

There are 397 Golden Corral restaurants in the United States as of April 03, 2024. The state and territory with the most number of Golden Corral locations in the US is Texas, with 55 restaurants, which is about 14% of all Golden Corral restaurants in the US.

Golden Corral's annual revenue is $69.0M. Zippia's data science team found the following key financial metrics about Golden Corral after extensive research and analysis. Golden Corral peak revenue was $69.0M in 2023. Golden Corral has 1,500 employees, and the revenue per employee ratio is $46,000.

A6: The initial franchise fee is $50,000. The current royalty fee is 4% of gross sales. Q7: Does Golden Corral offer single or multi-unit investment opportunities? A7: We offer both.

Our great value for a good price makes Golden Corral a favorite family restaurant among adults and kids alike. Golden Corral's unmatched variety accommodates most all nutrition needs such as low carb, vegan, paleo, and plant-based diet plans.

This is no entry-level franchise investment: To become a Golden Corral Buffet and Grill franchise owner, you must have at least $500,000 in liquid capital and a net worth of at least $2.5 million. Franchisees must pay a 4% monthly royalty on gross revenues to the franchisor.