How many Golden Krust Caribbean Restaurant franchises in Georgia were terminated in 2023?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
sed Outlets For Years Ending 2021, 2022, and 2023* (Golden Krust Caribbean Restaurant – Traditional Restaurant)**
| 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 |
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 franchise agreements in Georgia during the 2023 fiscal year. The table provided in Item 20 details the status of franchised outlets for the years 2021, 2022, and 2023.
Specifically, for Georgia, the data shows that in 2023, there were 17 outlets at the start of the year, no outlets opened, and no terminations. This resulted in 17 outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Golden Krust Caribbean Restaurant franchises in Georgia. A history of terminations could indicate potential issues with the franchise system or market conditions in that state, while a lack of terminations, as is the case here, suggests a more stable franchise environment.