Golden Corral said it has closed all 35 company-operated restaurants and furloughed 2,290 employees because of the COVID-19 pandemic. The franchisor said that “some” of the buffet chain’s 454 franchised stores remain in operation, offering takeout and delivery.
Golden Corral Corp.’s largest franchise group, 1069 Restaurant Group LLC, has filed for Chapter 11 bankruptcy protection, citing the impact of COVID-19 pandemic closures. The petition also said the company hopes to open another 18 restaurants by the end of 2020 .
498 2019 г.
Golden Corral , however, is slowly reopening its restaurants without its signature buffet. Instead, roughly 100 locations are transitioning to a family-style table-service model, according to Restaurant Business.
No-buffet rules aren’t keeping Golden Corral from reopening its restaurants. The big buffet chain has been gradually reopening locations across the country with a different service model, typically a cafeteria-style strategy in which employees serve customers items that would have otherwise been in a buffet.
Golden Corral : Golden Corral has endless buffet options, with menus changing depending on if you visit at breakfast, lunch, or dinnertime. Many are open through breakfast and lunch on Christmas Day, offering their diner-style menu.
Burger King reported plans to close up to 250 restaurants in 2019, with closures coming into effect this year and over the next few years. According to Restaurant Business , ” Burger King executives said the company plans to close 200 to 250 low-volume locations per year over the next couple of years.”
Ruby Tuesday has filed for bankruptcy, after closing dozens of locations in 2020 . The casual dining chain filed for Chapter 11 bankruptcy on Wednesday in the U.S. Bankruptcy Court for the District of Delaware.
Golden Corral ‘s famous buffet will be open during Thanksgiving , so you and your family can gobble up all the fresh carved turkey you can eat. Of course, if you’d rather enjoy a delicious meal at home without any fuss, the restaurant will also be offering a complete Thanksgiving meal to go.
Investors Management Corp
Lance Trenary (Jan 1, 2015–)
How much does Golden Corral franchise cost? Golden Corral has the franchise fee of up to $50,000 , with total initial investment range of $2,168,419 – $6,602 ,5130.
How much is Sunday buffet at Golden Corral? From Monday to Saturday, you can enjoy brunch or lunch for about $9.29 until 4PM. On Saturday and Sunday, you can also enjoy breakfast until 11AM for only $9.89 .
Yet the Ponderosa Steakhouse in Canandaigua, New York, is now a parking lot for a Starbucks. There were, at one point, 305 Ponderosas (and sister buffet Bonanzas) in the US, and today there are 75 locations total — including 19 in Puerto Rico and a handful scattered in Egypt, Qatar, Taiwan, and the UAE.
The price for Golden Corral lunch buffet is: $9.95 per adult. Dinner begins at 4 pm any day of the week. You will be charged the amount of $11.99 as well as $2.19 for the beverages.