How many company-owned Golden Krust Caribbean Restaurant outlets were operating at the start of 2022?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| OUTLET TYPE | YEAR | OUTLETS AT THE START OF THE YEAR | OUTLETS AT THE END OF THE YEAR | NET CHANGE |
|---|---|---|---|---|
| Franchised | 2021 | 105 | 107 | +2 |
| 2022 | 107 | 107 | 0 | |
| 2023 | 107 | 106 | -1 | |
| Company | 2021 | 3 | 3 | 0 |
| Owned | ||||
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 2 | -1 | |
| Total Outlets | 2021 | 108 | 110 | +2 |
| 2022 | 110 | 110 | 0 | |
| 2023 | 110 | 108 | -2 |
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, there were 3 company-owned outlets at the start of 2022. The provided table, which summarizes outlet data for 2021, 2022, and 2023, shows that the number of company-owned Golden Krust Caribbean Restaurant locations remained constant at 3 throughout 2021 and 2022. This indicates no growth or reduction in company-operated stores during that period.
For a prospective franchisee, this information offers insight into Golden Krust Caribbean Restaurant's corporate strategy regarding company-owned versus franchised locations. The stability in the number of company-owned stores might suggest a preference for franchising as the primary mode of expansion. Alternatively, it could reflect a deliberate approach to maintain a consistent presence in certain key markets through company-operated outlets.
It is important to note that while the number of company-owned stores remained stable in 2022, it decreased to 2 by the end of 2023. This change could signal a shift in strategy or specific circumstances affecting individual locations. A potential franchisee should inquire about the reasons behind this decrease to better understand the franchisor's long-term plans and the potential risks or opportunities associated with owning a Golden Krust Caribbean Restaurant franchise.