How many company-owned Golden Krust Caribbean Restaurant outlets were reacquired from franchisees in 2022?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Reacquired From Franchisee | |||||||
| CT | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| MA | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 1 | 0 | 0 | |
| NY | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 1 | 0 | 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 no company-owned outlets reacquired from franchisees in 2022.
Specifically, Table 5 provides data on the status of company-owned outlets for the fiscal years ending 2021, 2022, and 2023. The column "Outlets Reacquired From Franchisee" shows a count of 0 for the year 2022. This indicates that Golden Krust Caribbean Restaurant did not reacquire any franchised locations to be operated as company-owned stores during that year.
This information is relevant for prospective franchisees as it provides insight into the company's growth strategy and relationship with its franchisees. The absence of re acquisitions in 2022 could suggest that Golden Krust Caribbean Restaurant is not actively seeking to take over existing franchise locations, which might be reassuring for franchisees concerned about potential competition from company-owned stores or the franchisor taking over their location.