How many franchised Golden Krust Caribbean Restaurant outlets were operating at the start of 2021?
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 105 franchised outlets at the start of 2021. This number is derived from the Systemwide Outlet Summary table which provides a breakdown of franchised locations.
The FDD provides further details on the status of franchised outlets, including openings, terminations, and other changes. For a prospective franchisee, this information offers a view into the stability and growth of the franchise system. It's important to note that while the total number of franchised outlets provides a general overview, the performance of individual locations can vary.
The table also shows that during 2021, Golden Krust Caribbean Restaurant opened 3 new franchised locations and had 1 location cease operations for other reasons, resulting in 107 franchised locations at the end of the year. Reviewing these changes in outlet numbers can help potential franchisees understand the dynamics within the Golden Krust Caribbean Restaurant system.