How many Golden Krust Caribbean Restaurant locations are included in the First Quartile?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
Specifically, the information in the four tables is organized into four quartiles ("Quartiles") which were determined based on the Gross Sales generated by those respective 106 franchised locations during the 2023 fiscal year in descending order. The first quartile is comprised of the 26 franchised locations that generated the most Gross Sales during the 2023 fiscal year ("First Quartile"); the second quartile is comprised of the next 26 franchised locations ("Second Quartile"); the third quartile is comprised of the next 27 locations ("Third Quartile"); and the fourth quartile is comprised of the remaining 27 locations ("Fourth Quartile").
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 29–32)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the First Quartile consists of 26 franchised locations. These locations represent the top 26 restaurants in terms of gross sales during the 2023 fiscal year. The financial performance of these locations is presented in Item 19 of the FDD.
Understanding the composition of quartiles is important for prospective franchisees as it provides insight into the distribution of sales performance across the franchise system. The First Quartile represents the highest-performing locations, which can serve as benchmarks for potential earnings. However, Golden Krust Caribbean Restaurant indicates that individual results may differ and there is no assurance that a new franchisee will achieve similar sales figures.
It is important to note that the financial performance representation is based on reports submitted by 106 fully-reporting franchised Golden Krust Caribbean Bakery and Grill Restaurants located in the United States that were operated for the entire 2023 Fiscal Year. The table excludes 5 franchised restaurants that were not operated for the entire 2023 Fiscal Year (closed for a portion of the year for renovations or opened as a new location) and restaurants for which 100% of sales were not disclosed. The FDD advises prospective franchisees to carefully consider all expenses, such as inventory, labor, and rent, which will affect the operating profit, net income, and/or cash flow of a Golden Krust Caribbean Restaurant.