Can a Golden Krust Caribbean Restaurant franchisee employ a manager to assist in day-to-day operations?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
You (or your managing owner) are obligated to participate personally in the direct operation of the Restaurant, although you may employ a manager to assist you in the Restaurant's day-to-day operations. Your manager must have completed Golden Krust's initial training satisfactorily. This manager need not have an equity interest in the Restaurant, but must agree in writing to preserve the confidentiality of any confidential information to which he or she has access.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 26)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, franchisees are obligated to participate personally in the direct operation of the restaurant. However, franchisees have the option to employ a manager to assist with the restaurant's daily operations.
This manager is required to complete Golden Krust's initial training program to ensure they are equipped with the knowledge and skills necessary to uphold the brand's standards. The manager is not required to have an equity interest in the restaurant.
To protect confidential information, the manager must sign a written agreement to preserve the confidentiality of any sensitive information they access during their employment. This ensures that trade secrets and other proprietary information remain secure.