What was the net income for Golden Corral as of January 1, 2025?
Golden_Corral Franchise · 2025 FDDAnswer from 2025 FDD Document
00,000) | (50,000,000) | (43,000,000) | | Ending | 18,403,984 | 18,308,301 | 18,061,608 | | | $ | $ | $ |
Statements of Cash Flows
Years Ended January 1, 2025, January 3, 2024 and December 28, 2022
| January 1, 2025 | January 3, 2024 | December 28, 2022 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net income | $ 42,095,683 | $ 50,246,693 | $ 43,590,137 |
| Noncash items included in income | |||
| Amortization of costs of contracts | 293,102 | 89,897 | 118,535 |
| Increase (decrease) in cash due to changes in | |||
| Accounts receivable | (919,999) | (349,275) | (424,733) |
| Other current assets | (147,866) | (514,732) | (1,128,185) |
| Noncurrent receivables | 225,741 | 38,285 | 53,694 |
| Deferred credits | (4,179) | (50,851) | (408,911) |
| Accounts payable | (866,281) | 506,885 | (3,729,931) |
| Other current liabilities | {2,579,721} | 1,376,405 | 1,143,618 |
| Net cash provided by operating activities | 38,096,480 | 51,343,307 | 39,214,224 |
| Cash flows from financing activities | |||
| Dividends paid | (46,000,000) | (47,000,000) | (41,000,000) |
| (Increase) decrease in due from parent | 5,371,060 | (5,853,258) | 5,416,093 |
| Net cash used in financing activities | (40,628,940) | (52,853,258) | (35,583,907) |
| Net increase (decrease) in cash | (2,532,460) | (1,509,951) | 3,630,317 |
| Cash and cash equivalents | |||
| Beginning | 15,105,146 | 16,615,097 | 12,984,780 |
| Ending | $ 12,572,686 | $ 15,105,146 | $ 16,615,097 |
| Supplemental disclosures of | |||
| cash flow information | |||
| Cash paid during the year |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to Golden Corral's 2025 Franchise Disclosure Document, the net income as of January 1, 2025, was $42,095,683. The FDD also provides net income figures for the preceding years. On January 3, 2024, the net income was $50,246,693, and on December 28, 2022, it was $43,590,137. These figures offer a glimpse into the brand's recent financial performance.
When evaluating a franchise opportunity, net income is a critical factor for prospective franchisees. It provides insight into the financial health and profitability of the franchisor, Golden Corral, which can indirectly affect the support and resources available to franchisees. A consistently positive net income suggests financial stability, which is reassuring for those considering investing in the franchise.
It's important to note that these figures pertain specifically to Golden Corral Franchising Systems, Inc., and not necessarily the performance of individual franchise locations. While the franchisor's financial health is important, prospective franchisees should also carefully examine the financial performance representations (FPRs) in Item 19 of the FDD, which provide information about the potential financial performance of franchise locations. Speaking with existing franchisees about their experiences and financial results is also advisable.