What was the common stock value for Golden Krust Caribbean Restaurant as of December 31, 2023?

According to the 2024 Franchise Disclosure Document, Golden Krust Caribbean Restaurant had no par value for its common stock as of December 31, 2023. The company had 200 shares authorized, with 100 shares issued and outstanding on that date.

For a prospective franchisee, this indicates the basic capital structure of Golden Krust Franchising, Inc. The absence of a par value means that the shares were issued without a specified minimum price. The fact that only 100 of the 200 authorized shares are issued and outstanding suggests that the company may have the option to issue more shares in the future for additional capital.

It is important to note that this information pertains to Golden Krust Franchising, Inc., the entity that grants franchises, and not necessarily to the individual franchisees or their specific restaurant locations. Understanding the franchisor's financial structure can provide insight into the overall stability and potential for growth of the Golden Krust Caribbean Restaurant system.