In what year did Arizona have a non-renewal of a Golden Corral franchise agreement?
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, Arizona experienced a non-renewal of a franchise agreement in 2024. The table provided in Item 20 outlines the status of franchised outlets from 2022 to 2024, showing that in 2024, Arizona had 9 outlets at the start of the year and ended the year with 8, with one non-renewal occurring during that period.
This information is relevant for prospective franchisees as it provides insight into the stability and turnover of Golden Corral franchises in specific states. A non-renewal could indicate various factors, such as the franchisee's decision not to continue the agreement, failure to meet brand standards, or other business-related issues.
It is important to note that while the document indicates a non-renewal in Arizona during 2024, it does not specify the reasons behind it. A potential franchisee should consider this information in conjunction with other factors, such as the overall number of terminations and non-renewals across the franchise system, and conduct further due diligence to understand the context and potential implications for their investment.