What conditions must be met for Golden Krust Caribbean Restaurant to approve the restaurant development?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
xecuted (see Exhibit E to the FDD). Any material violation of the lease or sublease that is not cured after notice is given and within the applicable grace periods, as required by the terms of the lease or sublease for the Premises, is a default of this Franchise Agreement.
C. DEVELOPMENT OF RESTAURANT
You are responsible for developing the Restaurant. For purposes of this Franchise Agreement, a "traditional" restaurant shall be defined as a "full service" restaurant operating from a storefront or other permanent building. A "non-traditional" restaurant shall include a Golden Krust Jerk 'N Patties restaurant. We will furnish you with sample drawings and specifications for your Golden Krust Restaurant, including mandatory and suggested requirements for dimensions, design, image, interior sample drawings, décor, fixtures, equipment, signs, furnishings and color scheme at no cost to you. You are obligated to build or renovate your Restaurant with plans and specifications that have been pre-approved by us. You are obligated to submit construction plans and specifications to us for approval before construction of the Restaurant is commenced and, at our request, to submit all revised or as built plans and specifications during the course of such construction.
You agree, at your own expense, to do the following with respect to developing the Restaurant at the Premises:
- (1) secure all financing required to develop and operate the Restaurant;
- (2) obtain all building, utility, sign, health, sanitation, business and other permits and Licenses required to construct and operate the Restaurant;
- (3) construct all required improvements to the Premises and decorate the Restaurant in compliance with plans and specifications we have approved;
- (4) purchase or lease and install all required fixtures, furniture, equipment, furnishings and signs required for the Restaurant; and
- (5) purchase an opening inventory of authorized and approved food products, materials and supplies.
D. FIXTURES, FURNISHINGS, EQUIPMENT AND SIGNS
You agree to use in developing and operating the Restaurant only those fixtures, furnishings, equipment (including cash registers and computer hardware and software) and signs that we have approved for Golden Krust Restaurants meeting our specifications and standards for quality, design, appearance, function and performance. You agree to place or display at the Premises (interior and exterior) only such signs, emblems, lettering, logos and display materials that we approve from time to time. You agree to
purchase or lease approved brands, types or models of fixtures, furnishings, equipment and signs only from suppliers we have designated or approved (which may include us and/or our affiliates).
E. RESTAURANT OPENING
You agree not to open the Restaurant for business until:
- (1) we approve the Restaurant as developed in accordance with our specifications and standards;
- (2) pre-opening training has been completed to our satisfaction;
- (3) the initial franchise fee and all other amounts then due to us having been paid; and
- (4) we have been furnished with copies of all insurance policies required by this Agreement or in the Brand Standards Manual, or such other evidence of insurance coverage and payment of premiums as we request or accept.
Source: Item 22 — CONTRACTS (FDD page 35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, franchisees are responsible for developing their restaurant according to pre-approved plans and specifications. Before starting construction, franchisees must submit their construction plans for approval. They also need to submit any revised or as-built plans during construction if Golden Krust Caribbean Restaurant requests them.
To ensure the restaurant meets Golden Krust Caribbean Restaurant's standards, franchisees must secure all necessary financing, permits, and licenses. This includes building, utility, sign, health, sanitation, and business permits. Franchisees are obligated to construct the premises and decorate the restaurant in compliance with the approved plans. They also need to purchase or lease and install all required fixtures, furniture, equipment, furnishings, and signs. Additionally, an opening inventory of authorized food products, materials, and supplies must be purchased.
Golden Krust Caribbean Restaurant also requires franchisees to use only approved fixtures, furnishings, equipment, and signs that meet the brand's specifications for quality, design, appearance, function, and performance. These items must be purchased or leased from designated or approved suppliers. Before opening the restaurant for business, Golden Krust Caribbean Restaurant must approve the developed restaurant, the pre-opening training must be completed satisfactorily, the initial franchise fee and all other due amounts must be paid, and all required insurance policies or evidence of coverage must be provided.