What was the income from operations for Golden Krust Caribbean Restaurant in 2023?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
GOLDEN KRUST FRANCHISING, INC. CONSOLIDATED STATEMENTS OF OPERATIONS YEARS ENDED DECEMBER 31, 2023 AND 2022
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the consolidated statements of operations show the income from operations for the year ended December 31, 2023. However, the specific income from operations amount is not present in the provided excerpts.
While the excerpts contain financial statements, including consolidated statements of operations for 2023 and 2022, the actual figures detailing revenue, expenses, and income from operations are not included. The excerpts do mention related party transactions, such as expenses charged to selling, general, and administrative expenses, and sales from Golden Krust Caribbean Bakery, Inc. to company-owned restaurants, but these do not provide the overall income from operations.
To determine the income from operations for Golden Krust Caribbean Restaurant in 2023, a prospective franchisee should carefully review the complete audited financial statements in Item 21 of the FDD. Specifically, look for the line item "Income from Operations" on the consolidated statement of operations. If this information is not present, the prospective franchisee should ask the franchisor directly for this figure, as it is a key indicator of the company's financial performance.