What is the estimated cost range for furniture, fixtures, and equipment for a Golden Krust Caribbean Restaurant?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| YOUR ESTIMATED INITIAL INVESTMENT | ||||
|---|---|---|---|---|
| Golden Krust Caribbean Restaurant (Traditional Restaurant) or Jerk ‘N Patties Restaurant | ||||
| Type of Expenditure | Type of Expenditure Amount | When Due | To Whom Payment Is To Be Made | |
| Furniture, Fixtures | $48,000- | As Agreed | As Vendors | Outside Vendors |
| and Equipment3 | $98,000 | Require |
This item includes sinks, refrigerators, ovens, stoves, menu board, fryers, cookers, cooking exhaust and fire suppression system, display cases, tables, chairs, booths, utensils, cash registers, desk, filing cabinets safes, and related office supplies.
The low end of the range assumes that you take over an existing restaurant space with some of these items already in place.
The high end of the range assumes that all new equipment is purchased.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the estimated cost for furniture, fixtures, and equipment ranges from $48,000 to $98,000 for a traditional restaurant or Jerk 'N Patties Restaurant. This cost is due as agreed upon with outside vendors as they require payment.
The FDD notes that this item includes a variety of items such as sinks, refrigerators, ovens, stoves, menu boards, fryers, cookers, cooking exhaust and fire suppression systems, display cases, tables, chairs, booths, utensils, cash registers, desks, filing cabinets, safes, and related office supplies. The variance in price depends on whether a franchisee takes over an existing restaurant space with some of these items already in place, which would represent the lower end of the range. The higher end of the range assumes that all new equipment is purchased.
Prospective franchisees should carefully consider the condition of the restaurant space they intend to lease or purchase. Opting for a location that already has some of the necessary equipment in place could significantly reduce the initial investment. It would be prudent to discuss with Golden Krust Caribbean Restaurant the specific requirements and approved vendors for these items to ensure accurate budgeting and compliance with brand standards.