"This has put a toll on finances and we can no longer stay open. This is temporary. Until COVID is gone and restrictions are lifted we do not plan on opening back up.
Why did they close down Golden Corral?
Golden Corral's largest franchisee also filed for bankruptcy amid COVID. ... The company cited liabilities totaling $49.7 million—the bulk of which the group attributed to flagging sales and mandated restaurant closures amid the pandemic—as the impetus behind its bankruptcy filing.
What is happening with Golden Corral?
Golden Corral, one of the most beloved all-you-can-eat buffets in the country, has closed down nearly half of its restaurants in the past year, with the number of permanent closures mounting as some of its biggest franchisees declare bankruptcy.