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Golden Corral franchise financing options
Compare costs, fees and where to get financing for a Golden Corral.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Golden Corral franchise may result in higher or lower fees.
Franchise feesGolden Corral franchise fees total around $50,000, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$50,000 to $50,000|
|Estimated total||$50,000 to $50,000|
Equipment feesEquipment fees total $735,730 for Golden Corral. This costs more than the $180,023 average for the top 200 franchises.
|Signage||$42,100 to $81,000|
|Furniture and equipment||$598,860 to $749,500|
|Estimated total||$640,960 to $830,500|
Real estate feesReal estate will set you back $3,675,000 for Golden Corral, which is more expensive than the average of $788,376 for the top 200 franchises.
|Purchase of land||$550,000 to $2,000,000|
|Construction, contractor site preparation and leasehold improvements||$1,200,000 to $3,600,000|
|Estimated total||$1,750,000 to $5,600,000|
Training feesGolden Corral initial training costs total $126,625 — more than the nationwide average of $9,788.
|Initial training||$75,050 to $176,630|
|General manager workshop||$785 to $785|
|Estimated total||$75,835 to $177,415|
Inventory costsInitial inventory for Golden Corral shakes out to $60,000. This is more expensive than the nationwide average of $53,119.
|Inventory||$40,000 to $80,000|
|Estimated total||$40,000 to $80,000|
Marketing costsAdvertisement and marketing costs total up to $12,500 for Golden Corral, which is more than the nationwide average of $9,938.
|Opening advertising||$10,000 to $15,000|
|Estimated total||$10,000 to $15,000|
Insurance costsInitial insurance costs for Golden Corral run $45,000. This means you'll be paying more than the overall nationwide average of $6,311.
|Insurance||$30,000 to $60,000|
|Estimated total||$30,000 to $60,000|
Administrative feesGolden Corral administrative fees total up to $100,000 — which comes in over the overall nationwide average of $6,761.
|On-site assistance costs||$85,000 to $115,000|
|Estimated total||$85,000 to $115,000|
Other expensesMiscellaneous expenses for Golden Corral total $64,500 — less than the nationwide average of $69,970.
|Three months' additional funds||$19,000 to $110,000|
|Estimated total||$19,000 to $110,000|
How to financeSince the estimated total for Golden Corral is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Golden Corral franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Golden Corral about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $4,869,355 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Golden Corral — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Golden Corral opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $2,700,795. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Golden Corral stacks upCompare how Golden Corral holds up against two similarly sized franchises.
|Platou2019s Closet||Golden Corral||McAlister's Deli|
|Average Franchise fees||$25,000||$50,000||$25,000|
|Average Equipment fees||$78,650||$735,730||$278,425|
|Average Real estate fees||$50,000||$3,675,000||$796,600|
|Average Training fees||NA||$126,625||$64,250|
|Average Inventory fees||$72,500||$60,000||$12,500|
|Average Marketing fees||NA||$12,500||$16,000|
|Average Licenses and permits fees||$9,000||NA||$4,575|
|Average Insurance fees||NA||$45,000||$9,250|
|Average Admin fees||NA||$100,000||$6,500|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$71,500||$64,500||$33,000|
Bottom lineGolden Corral franchise costs run a total of $4,869,355. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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