Overall costs for Golden Corral run anywhere from $2,700,795 to $7,037,915. See how the costs break down and what funding options might be right for your new venture into the franchise foray.
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 fees
Golden 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 fees
Equipment 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 fees
Real 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 fees
Golden 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 costs
Initial 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 costs
Advertisement 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 costs
Initial 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 fees
Golden 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 expenses
Miscellaneous 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 |
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.
How to finance
Since 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.
Also check if Golden Corral franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.
Compare small business lenders
You 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.
How Golden Corral stacks up
Compare how Golden Corral holds up against two similarly sized franchises.
| 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 line
Golden 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.
