How many Golden Corral terminations occurred in Missouri during 2023?
Golden_Corral Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Total | 2022 | 15 | | | 2023 | 13 | | | 2024 | 8 | Table No. 3 Status of Franchised Outlets For fiscal years 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Termi‐ nations | Non‐ Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of the Year |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 74–84)
What This Means (2025 FDD)
According to Golden Corral's 2025 Franchise Disclosure Document, there were two terminations in Missouri during 2023. The table provided in Item 20 outlines the status of franchised outlets from 2022 to 2024, including terminations, non-renewals, and other changes. This information is crucial for potential franchisees to assess the stability and performance of existing locations within specific states.
The data shows that in 2022, Missouri had 13 outlets at the start of the year, with one termination, resulting in 12 outlets at the end of the year. In 2023, there were 12 outlets at the start of the year and two terminations, along with one non-renewal, which brought the total down to 9 outlets by the end of the year. By 2024, the number of outlets remained at 9, with no further terminations or non-renewals.
This trend indicates a decrease in the number of Golden Corral franchises in Missouri over the three-year period. A prospective franchisee should investigate the reasons behind these terminations and non-renewals to understand any potential challenges or market conditions affecting the area. Understanding the factors contributing to these changes can help a new franchisee make informed decisions and develop strategies to mitigate risks.