Mother of Two Claims $10 Million Loss In 52 Days After Unfair Termination of Golden Corral Franchise
Forum TalkCommunity Forum / Forum Talk 4 months ago 12 Views 0 comments
Although Sherrance Henderson’s fight against Golden Corral Franchise Systems began several years ago, the mother of two autistic children is still pressing forward. As the owner of Cornucopia Queen, Inc. (CQI) doing business as Golden Corral, Henderson is advancing her legal battle with serious allegations of racial discrimination and financial ruin. She claims that her franchise in Poughkeepsie, New York, was unlawfully terminated just 52 days after opening, resulting in nearly $10 million in losses.
Photo via https://www.goldencorral.com/franchise/
What Happened
In 2013 she signed a 15-year franchise contract with Golden Corral, wanting a site in Newark, New Jersey. But when Golden Corral refused to honor her Newark license agreement, she accepted the Poughkeepsie, NY, location. She opened in January 2017 but by March 2017, Golden Corral terminated the franchise license of Cornucopia Queen, Inc.
According to the Poughkeepsie Journal, Golden Corral claimed that Henderson’s location was devaluing their brand, which led to the termination of her license. However, Cornucopia Queen, Inc. had no Department of Health violations or fines from the city of Poughkeepsie.
To become a Golden Corral Buffet and Grill franchise owner, you need at least $500,000 in liquid capital and a net worth of at least $2.5...
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