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What was the Accumulated Deficit for Golden Krust Caribbean Restaurant in 2022?

Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDD

Answer from 2024 FDD Document

GOLDEN KRUST FRANCHISING, INC. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT YEARS ENDED DECEMBER 31, 2023 AND 2022

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)

What This Means (2024 FDD)

According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the consolidated statements of changes in shareholders' deficit years ended December 31, 2023 and 2022 are available. However, the specific accumulated deficit for 2022 is not detailed in the provided excerpts.

While the excerpts include financial statements and auditor's reports, they do not explicitly state the accumulated deficit figure for the year 2022. The financial statements do cover topics such as accounting policies, related party transactions with Golden Krust Caribbean Bakery, Inc., and the basis of the audit opinion.

A prospective Golden Krust Caribbean Restaurant franchisee should directly request the specific accumulated deficit figure for 2022 from the franchisor. This number is crucial for assessing the company's overall financial health and stability. Understanding the accumulated deficit will help potential franchisees evaluate the financial risks and opportunities associated with investing in a Golden Krust Caribbean Restaurant franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.