(PRWEB) January 22, 2018
Golden Corral, the nation’s largest grill-buffet chain, recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.
Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Golden Corral as #54 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“Golden Corral is proud to once again rank high on Entrepreneur magazine’s Franchise 500 list,” said Golden Corral President and Chief Executive Officer Lance Trenary. “The ranking is a reflection of the successful growth and stability Golden Corral has experienced over its 45-year history and as one of the top franchise brands in the restaurant industry.”
“This year’s Franchise 500 ranking features both up-and-comers who bring fresh ideas to an ever- changing industry, as well as savvy stalwarts that have thrived for decades. We are proud to highlight and celebrate them all,” says Jason Feifer, editor in chief of Entrepreneur. “Our results show that the industry is strong—and that the most enduring franchisors are those who learn to balance innovation with reliability. That’s how to attract new customers while keeping the old ones happy.”
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 39 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Golden Corral’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Golden Corral in the full ranking, visit http://www.entrepreneur.com/franchise500. Results can also be seen in the January/February issue of Entrepreneur, available on newsstands January 16.
About Golden Corral:
Golden Corral, based in Raleigh, N.C., is the nation’s largest grill-buffet restaurant chain with 491 restaurants operating in 42 states as of January 1, 2018. Golden Corral is famous for its variety, including USDA steaks cooked to order, rotisserie chicken, awesome pot roast, hot yeast rolls, and desserts like homemade carrot cake and the Chocolate Wonderfall®.