When is the Brand Standards Manual Replacement Fee due for a Golden Krust Caribbean Restaurant?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
ll overdue amounts |
| Type of Fee1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Brand Standards Manual Replacement Fee | Then-current fee, currently, $300 per replacement |
Source: Item 6 — OTHER FEES (FDD pages 11–13)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the Brand Standards Manual Replacement Fee is due 15 days after billing. The fee covers the cost of a replacement copy of the manual. Currently, the fee is $300 per replacement.
This means that if a Golden Krust Caribbean Restaurant franchisee needs a new Brand Standards Manual, whether due to loss or damage, they will be billed $300. The franchisee then has 15 days from the date of the bill to remit payment to Golden Krust Caribbean Restaurant.
It is important for prospective franchisees to factor in potential costs for replacing the Brand Standards Manual, although this is likely a rare expense. Keeping the manual in good condition and readily accessible can help avoid this fee. Franchisees should also confirm with Golden Krust Caribbean Restaurant whether the fee is subject to change and if digital versions of the manual are available to reduce the risk of needing a replacement.