What is the state of the Golden Corral operated by J.B.S. Foods, Inc.?
Golden_Corral Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT K
STATE‐SPECIFIC DISCLOSURES AND AGREEMENT AMENDMENTS
California Disclosure Addendum
In recognition of the requirements of the California Franchise Investment Law, Cal. Corp. Code §§ 31000-31516, and the California Franchise Relations Act, Cal. Bus. & Prof. Code §§ 20000- 20043, the Franchise Disclosure Document of Golden Corral Franchising Systems, Inc. is amended as follows for use in the State of California:
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- Our website, http://www.goldencorral.net, has not been reviewed or approved by the California Department of Financial Protection and Innovation. Any complaints concerning the content of the website may be directed to the California Department of Financial Protection and Innovation at www.dfpi.ca.gov.
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- Item 3, "Litigation," is amended to add the following:
Pursuant to California law, this Item does not include any information regarding the arrest of any person(s) that did not result in a conviction or plea of nolo contendere.
Neither we, nor any person identified in Item 2 above, is subject to any currently effective order of any national securities association or national securities exchange (as defined in the Securities and Exchange Act of 1934, 15 U.S.C. § 78a, et seq.) suspending or expelling such person from membership in such association or exchange.
- Item 17, "Renewal, Termination, Transfer and Dispute Resolution," is amended to add the following:
The following notices are required by the State of California to be included in this disclosure document whenever an applicable provision is included in a Franchise Agreement. We reserve the right to attempt to enforce all of the provisions listed below in which we indicate that "this provision may not be enforceable under California law."
California Business and Professions Code Sections 20000 through 20043 provide rights to the franchisee concerning termination, transfer or non-renewal of a franchise. If the Franchise Agreement contains a provision that is inconsistent with the law, the law will control.
The Franchise Agreement and Area Development Agreement provide for termination upon bankruptcy. This provision may not be enforceable under federal bankruptcy law (11 U.S.C. § 101, et seq.).
Source: Item 23 — RECEIPTS (FDD pages 85–304)
What This Means (2025 FDD)
Based on the 2025 Golden Corral Franchise Disclosure Document, there is no specific mention regarding the state in which J.B.S. Foods, Inc. operates a Golden Corral restaurant. However, the document includes state-specific addenda and amendments for California, Maryland, New York, and Rhode Island, indicating that franchise agreements and disclosures may vary based on state laws. These addenda address specific legal requirements and potential conflicts between the standard franchise agreement and state laws. For example, these addenda may modify terms related to termination, dispute resolution, and required disclosures.
Additionally, the FDD includes a certification exhibit that is not applicable to prospective franchisees in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. This suggests that franchisees in these states are subject to different certification requirements or are exempt from certain certifications altogether. The document also mentions that Golden Corral's website has not been reviewed or approved by the California Department of Financial Protection and Innovation, and any complaints about the website's content may be directed to that department.
To determine the specific state in which J.B.S. Foods, Inc. operates a Golden Corral restaurant and any state-specific regulations affecting that franchise, a prospective franchisee should directly inquire with the franchisor. This inquiry should clarify whether any specific state laws or addenda apply to J.B.S. Foods, Inc.'s operations and how those regulations might impact the franchisee's own operations.