What were the approximate Bakery sales to Golden Krust Caribbean Restaurant-owned restaurants in 2021?

According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, Bakery sales to Golden Krust Caribbean Restaurant-owned restaurants aggregated approximately $1,145,000 in 2021. This indicates the volume of food and beverage products supplied by Golden Krust Caribbean Bakery, Inc. to the company-owned restaurant locations.

This figure is relevant for prospective franchisees as it highlights the established supply chain relationship between Golden Krust Caribbean Restaurant and its affiliated bakery. Franchisees can expect a similar reliance on the designated bakery for their product needs. Understanding the scale of these internal transactions provides insight into the importance of this relationship for maintaining product consistency and supply.

It's important to note that the financial statements also reveal shared general and administrative resources between the two companies. These expenses, charged to selling, general, and administrative expenses, amounted to $177,151 in 2021. Additionally, there were amounts due between the two companies of $3,691,201 at the end of 2021, with interest accruing at a rate of 1% per annum. These related-party transactions are common in franchise systems with affiliated entities, but franchisees should be aware of these financial interdependencies.