In 2022, how many Golden Krust Caribbean Restaurant outlets were opened in Connecticut?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| CT | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — LIST OF OUTLETS AND FRANCHISE INFORMATION (FDD pages 32–35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, one outlet was opened in Connecticut during 2022. The table provided in Item 20 details the status of franchised outlets for the years 2021, 2022, and 2023, broken down by state. This information is useful for prospective franchisees to understand the growth and changes in the number of Golden Krust Caribbean Restaurant locations in specific states.
Specifically, the table shows that at the start of 2022, there were no Golden Krust Caribbean Restaurant outlets in Connecticut. During 2022, one new outlet was opened, bringing the total to one outlet at the end of the year. This indicates a small expansion of the franchise's presence in Connecticut during that period.
Reviewing this type of data over several years can reveal trends in the franchise's expansion or contraction within a state. For example, the table also shows that no additional outlets were opened in Connecticut in 2023, and the number of outlets remained at one. This type of information helps potential franchisees assess the stability and growth potential of the franchise in specific markets.