What was the net income for Golden Corral as of December 28, 2022?

According to Golden Corral's 2025 Franchise Disclosure Document, the net income as of December 28, 2022, was $43,590,137. This figure represents the company's profit after all expenses and taxes have been deducted from its total revenues for that year. Net income is a key indicator of a company's profitability and financial health. For prospective franchisees, this number provides insight into the financial performance of Golden Corral Franchising Systems, Inc.

Specifically, the FDD includes a table that outlines the cash flows from operating activities, including net income, for the years ending January 1, 2025, January 3, 2024, and December 28, 2022. This allows potential investors to review Golden Corral's income over the past three years. The document also includes revenues, expenses, income before income taxes, and income tax expenses.

It is important to note that while this net income figure provides a snapshot of Golden Corral's financial performance, it does not guarantee future profitability for franchisees. Franchisees' success will depend on various factors, including their ability to manage their individual restaurants effectively, local market conditions, and adherence to the Golden Corral franchise system. Reviewing the complete financial statements and consulting with a financial advisor is recommended for prospective franchisees to fully understand the financial implications of investing in a Golden Corral franchise.