What were the company owned restaurant sales for Golden Krust Caribbean Restaurant in 2022?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
e functions and resources are shared between the two companies. These general and administrative expenses, charged to selling, gene
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 company does not explicitly state the total sales for company-owned restaurants in 2022. However, it does mention the amount the company-owned restaurants purchased from Golden Krust Caribbean Bakery, Inc. in 2022.
Specifically, the FDD states that Bakery sales to the company-owned restaurants aggregated approximately $922,000 during 2022. This figure represents the cost of food and beverage products supplied by the Bakery to the company-owned restaurants, not the total sales generated by those restaurants.
A prospective franchisee should be aware that this number does not reflect the revenue from company-owned stores. To get a clearer picture of the financial performance of company-owned Golden Krust Caribbean Restaurant locations, a potential franchisee should ask the franchisor directly for the total revenue generated by company-owned stores.