factual

What is the estimated range for furniture, fixtures, and equipment costs for a Golden Krust Caribbean Restaurant?

Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDD

Answer from 2024 FDD Document

| 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. This cost is due when the vendors require payment, as agreed upon. Payments are made to outside vendors.

The FDD notes that this item includes a variety of essential items for the restaurant. These include 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 range in cost depends on whether a franchisee takes over an existing restaurant space with some of these items already in place, or if all new equipment is purchased.

For a prospective Golden Krust Caribbean Restaurant franchisee, this means that the initial investment can vary significantly based on the condition of the chosen location. Taking over an existing restaurant space could substantially reduce the initial costs, while building out a new location with all new equipment will be at the higher end of the estimated range. It is important to carefully assess the condition of the potential restaurant space and negotiate with vendors to manage these costs effectively.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.