factual

Has Golden Krust Franchising, Inc. offered franchises in other lines of business besides Golden Krust Caribbean Restaurant?

Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDD

Answer from 2024 FDD Document

OR**

Golden Krust Franchising, Inc., is a New York corporation, incorporated on August 8, 1995, and currently maintains its principal business address at 399 Knollwood Rd, Suite 117, White Plains, NY 10603. We conduct business under the name "Golden Krust Caribbean Restaurant", "Golden Krust Bakery & Grill", and "Golden Krust". We do not conduct business under any other name and we have not offered franchises in any other line of business. Our agents for service of process are disclosed in Exhibit D.

Golden Krust began offering franchises for traditional restaurants initially under the name "Golden Krust Patties" in 1996. We do not operate businesses of the type being franchised. As of December 31, 2023, there were 106 franchised traditional Golden Krust Restaurants and 2 affiliate operated traditional Golden Krust Restaurants.

We have not offered franchises in other lines of business and we have not engaged in any business activities other than those described above.

PARENTS, PREDECESSORS, AND AFFILIATES

Our affiliate, Golden Krust Caribbean Bakery, Inc. maintains its principal business at 399 Knollwood Rd, Suite 115, White Plains, NY 10603. Golden Krust Caribbean Bakery, Inc., produces Jamaican patties and other Caribbean food products for distribution to Golden Krust's franchisees and other non-franchise customers including grocery stores, supermarkets, club stores, gas stations, convenience stores and institutional users such as schools and prisons. Golden Krust Caribbean Bakery, Inc. has not engaged in any business activities other than those described above, and it has not offered franchises in any line of business.

Certain members of our board of directors and our shareholders operate companies that distribute products to our franchisees. Due to the common control, these distributors may be deemed to be affiliates of ours. These include Irie Jamaican Bakery and Restaurant, Inc. ("IJBR"), GK Southern Distributors, Inc. ("GK SDI"), and GK NW 7th, Inc. ("GK NW"). IJBR was formed in 2017 and maintains its principal business address in Georgia. IJBR or its owners have operated Golden Krust Caribbean Restaurants since 1990. GK SDI was formed in 2021 and maintains its principal business address in Florida. GK SDI or its owners have operated Golden Krust Caribbean Restaurants since 1996. GK NW was formed in 2013 and maintains its principal business address Florida. GK NW or its owners have operated Golden Krust Caribbean Restaurants since 2013. Neither IJBR, GK SDI, nor GK NW offers franchises in any line of business and, except as noted, they do not conduct any other business.

We have no other affiliates that must be disclosed. We have no predecessors and there are no parent companies.

Source: Item 1 — THE FRANCHISOR, PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 6–8)

What This Means (2024 FDD)

According to the 2024 Franchise Disclosure Document, Golden Krust Caribbean Restaurant has not offered franchises in any other lines of business. The FDD specifies that Golden Krust Franchising, Inc. conducts business under the names "Golden Krust Caribbean Restaurant", "Golden Krust Bakery & Grill", and "Golden Krust".

Furthermore, Golden Krust Caribbean Bakery, Inc., an affiliate, produces Jamaican patties and other Caribbean food products for distribution but has not offered franchises in any line of business. Similarly, other affiliates like Irie Jamaican Bakery and Restaurant, Inc., GK Southern Distributors, Inc., and GK NW 7th, Inc. do not offer franchises in any line of business.

This means that the franchise opportunity is specifically for Golden Krust Caribbean Restaurant, Golden Krust Caribbean Bakery and Grill, and Jerk 'N Patties Restaurants. Prospective franchisees can be confident that the franchise system is focused on these restaurant concepts.

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.