Were any Golden Krust Caribbean Restaurant franchises in Maryland reacquired by the franchisor in 2021?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
sed Outlets For Years Ending 2021, 2022, and 2023* (Golden Krust Caribbean Restaurant – Traditional Restaurant)**
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| CT | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — LIST OF OUTLETS AND FRANCHISE INFORMATION (FDD pages 32–35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, no franchises in Maryland were reacquired by the franchisor in 2021. The provided table, which details the status of franchised outlets for the years 2021, 2022, and 2023, indicates that in 2021, there were two Golden Krust Caribbean Restaurant franchises in Maryland, and zero were reacquired by the franchisor. The table also shows no re acquisitions in 2022 or 2023.
This information is relevant for prospective franchisees as it provides insight into the stability and relationship between Golden Krust Caribbean Restaurant and its franchisees in Maryland. A reacquisition could indicate potential issues with the franchise's performance or the franchisee's management, although it could also be a strategic decision by the franchisor.
It is important to note that the table only reflects data up to the end of fiscal year 2023. Any re acquisitions that may have occurred after this date would not be included in this table. For a comprehensive understanding, a potential franchisee should inquire about any franchise re acquisitions that have occurred since the end of the last fiscal year.