How many Golden Krust Caribbean Restaurant franchises in Florida were terminated during 2021?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| CT | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| FL | 2021 | 24 | 1 | 0 | 0 | 0 | 0 | 25 |
| 2022 | 25 | 0 | 0 | 0 | 0 | 0 | 25 | |
| 2023 | 25 | 2 | 0 | 0 | 0 | 0 | 27 | |
| GA | 2021 | 17 | 0 | 0 | 0 | 0 | 0 | 17 |
| 2022 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | |
| 2023 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | |
| MD | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| NC | 2021 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| NJ | 2021 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | |
| NY | 2021 | 52 | 1 | 0 | 0 | 0 | 1 | 52 |
| 2022 | 52 | 2 | 0 | 0 | 0 | 3 | 51 | |
| 2023 | 51 | 1 | 0 | 1 | 0 | 4 | 47 | |
| TX | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Totals | 2021 | 105 | 3 | 0 | 0 | 0 | 1 | 107 |
| 2022 | 107 | 3 | 0 | 0 | 0 | 3 | 107 | |
| 2023 | 107 | 4 | 0 | 1 | 0 | 4 | 106 |
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 terminations of franchises in Florida during 2021. The table provided in Item 20 of the FDD details the status of franchised outlets for the years 2021, 2022, and 2023.
Specifically, for Florida in 2021, the table indicates the following: there were 24 outlets at the start of the year, 1 outlet opened, and 25 outlets at the end of the year. The 'Terminations' column shows a '0' for Florida in 2021, meaning no franchise agreements were terminated by Golden Krust Caribbean Restaurant within that year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing franchises within specific states. A high number of terminations could indicate issues with the franchise system, while a low number, as seen here, suggests a more stable and successful franchise network.